Wednesday, September 26, 2012

Nice graphic showing US exports of grains compared to other geographic areas. Our "BreadBasket" produces, well, lots of bread...

Productivity in the US agricultural sector is amazing.

This graphic shows how much, in millions of tons, the US Exports in various grains (corn, rice, barley, wheat, oats, etc) compared to the the next 4 largest competitors.

Keep in mind this is not total production, but just that part of domestic production that is sold to foreigners.   In the case of the US, we use about 2/3 of our land to produce grains for domestic consumption and 1/3 of the land is used for the export of grains.

Source: Big Picture Agriculture.
Our exports alone equal (approx) the exports of the European Union, Canada, Ukraine and Australia COMBINED. 

US farmers are pretty good at combining the economic resources of Land, Labor, and Capital (physical capital and technology) to produce food---for our own citizens and the rest of the world as well.

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