Files
Abstract
A larger U.S. share of world trade helped push U.S. agricultural export value in the
first 11 months of fiscal year (FY) 1987 to $25.5 billion, $1.1 billion over that of the
same period of FY 1986. U.S. agricultural imports in the first 11 months of FY 1987
eased to $19.1 billion, 1 percent below the record highs of the same period
in FY 1986. Prices for most products fell after June as Southern Hemisphere crops
reached European markets, U.S. crops basked in favorable weather, and continued
moderate increases in wages and U.S. import prices eased fears of resurgent inflation.
U.S. agricultural exports generate employment, income, and purchasing power in the
farm and nonfarm sectors.