With more than 20% of U.S. agricultural production destined for foreign markets, agricultural exports are vital to the financial success of U.S. farmers. Exports not only allow U.S. farmers to find additional customers among the over 95% of the world population that lives outside of our borders but also add value for farmers as many foreign customers are looking for products for which Americans find little or no value. For instance, consumers in Japan, South Korea and other Asian countries are willing to pay premiums for fruit; and while certain animal parts, such as beef tongue or chicken feet, are undesirable in the United States, they are delicacies in other cultures, and so add value to U.S. production through trade.

U.S. food and ag sales to Mexico surged by 7% during the 2024 fiscal year, making the North American neighbor the No. 1 ag export customer, according to Census Bureau data tracked by the USDA. China, the leader since the end of the Sino-U.S. trade war, fell to third place, behind Canada, in export purchases.

Greenfield Louisiana LLC said Tuesday it was “halting” its $800 million Wallace Grain Export Facility, which it started in 2021. The company cited continued delays in permitting from the U.S. Army Corps of Engineers, which must sign off on any proposal that involves construction near the Mississippi River levee.

After decades of substantial U.S. agricultural trade surpluses, staggering agricultural trade deficits over the past two years have caught the nation’s attention. For fiscal year 2024 (October 2023 – September 2024), USDA’s Economic Research Service estimates that there will be a record $32 billion agricultural trade deficit.

Trade is important to Louisiana agriculture. The Louisiana Commissioner of Ag recently visited Cuba, scouting it as a possible destination for Louisiana poultry and rice.

On March 26, a container ship rammed into Baltimore’s Francis Scott Key Bridge resulting in the structure’s collapse and the tragic loss of six construction workers. Aside from the everlasting impacts to the families that lost loved ones, the destroyed bridge has physically cut off key coal, container and automobile terminals at the Port of Baltimore from the outside world. In 2021, the port’s terminals processed over 37 million short tons of combined import and export product. This ranks the Port of Baltimore 17th in terms of cargo throughput in the United States.