Strong Exports Lift Agriculture, A Bright spot in U.S Economy

Even during the time of recession, one sector that is boosting the U.S economy is the Agriculture. With countries like Canada, Mexico, and China on its top export list, U.S will have exported $107.5 billion in agricultural products by the end of the fiscal year. The major reason for the growth in the export has been the reduction of supply in the international agriculture market, which has also caused the prices of the agricultural goods to shoot up. Interestingly, the article also states that prices for agricultural goods will only increase moderately as the the farmer's value added is only a small amount compared to the final price of the goods produced.