While Brazil is positioned to surpass the U.S. in corn exports this year, the data don’t indicate the trend leading to this development will necessarily continue, as the South American country faces many challenges when it comes to agriculture and trade, a national ag economist said today.
“U.S. exports have been hindered by droughts that have affected key areas of the Corn Belt,” NCGA Lead Economist Krista Swanson said. “But the U.S. has several relative advantages in the global corn market that can be harnessed to support our $90 billion corn industry.”
The U.S. is bolstered by far superior infrastructure and sustainable farming practices, Swanson noted. For example, she said Brazil is 86.6% of the size of the entire United States but has just 25% of the roadway miles found in this country, of which only 12.4% are paved. Nearly 70% of roadway miles are paved in the U.S.
The comments were made during a joint press conference hosted by the National Corn Growers Association and the U.S. Grains Council and come as reports show that Brazil is on pace to surpass the U.S. in corn exports this year.
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