exports

Abbie Fentress Swanson/Harvest Public Media

Donnie Davidson’s family has been producing bottled milk in Holden, Mo., since the 1930s. But the 63-year-old farmer decided to sell his herd of 50 milking cows in November after the roof on one of his barns collapsed from last winter’s snow.

Rebuilding the barn would have cost about $20,000. Then there were the costs of renovating a silo and paying for hired help since Davidson’s children won’t be taking over the business. It made financial sense to close the dairy, and grow crops and build a herd of beef cattle instead.

Credit: DanBruell/Flickr

The nation’s poultry industry exported a record 8.1 billion pounds of chicken last year, according to the USA Poultry and Egg Export Council. But a recent decision from the World Trade Organization in the latest skirmish between the US and China could drive up that number dramatically. It’s the latest volley in the export battle between the world’s top two economic superpowers.

Amy Mayer / Harvest Public Media

The United States is the world’s leading producer and exporter of corn, which is used as livestock feed to support the increasing demand for meat in China, India and other countries with growing middle classes.

Abbie Fentress Swanson/Harvest Public Media

While the U.S. remains the world’s biggest supplier of corn, American farmers will lose a portion of the global corn market this year.

The Midwest drought devastated the normally robust corn harvest, which has led to higher corn prices and plummeting corn stocks. In a normal year, the U.S. exports more than 1 billion bushels of corn to markets worldwide, but with low domestic supply it’s a tough year for corn exporters – the USDA predicts U.S. corn exports will be at a 40-year low this year.

Rastoney/Flickr

Corn prices hit record highs this past August when they soared to over $8 a bushel, in large part because the drought hammering U.S. farms decimated corn stocks. Such prices were a windfall for Midwest farmers who actually had corn to sell. But could high corn prices hurt farmers if they drive buyers looking for cheaper grain and feed to South American farms?

missouri capitol
Ryan Famuliner / KBIA

State officials say exports by Missouri businesses rose by 6 percent in the first half of the year compared with the same period in 2011.

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Nixon to travel to Brazil on trade mission

Apr 3, 2012

 

Governor Jay Nixon will travel to Brazil this month on a trade mission. The trip comes on the heels of the news that Missouri saw its strongest year ever for exports in 2011.  The governor will travel with a delegation of business leaders hoping to expand their exports to the South American nation. According to the governor’s office, several Missouri businesses are expected to negotiate contracts with Brazilian customers during the trip.