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[QUOTE]Originally posted by glassman: [QB] [b] Comstock AmberWaves February 2004 > A decade ago, a scenario in which the value of U.S. agricultural imports would someday exceed that of U.S. exports seemed farfetched. Indeed, the United States has been a net exporter of agricultural products since 1959, an uninterrupted span of 44 years. Today, the improbable has become probable. Since 1996, the agricultural trade surplus has shrunk from $27.3 billion (an all-time high) to $10.5 billion. Although U.S. agricultural exports continue to rise, imports are increasing nearly twice as fast. The rapid growth of U.S. agricultural imports relative to exports in recent years may come as a surprise to many because the U.S. is still the world’s leading exporter of farm products. In fact, U.S. agricultural exports grew by almost $3 billion in 2003. And, higher commodity prices point to export gains in 2004. But the U.S. is also the world’s largest agricultural importer. Over the last 7 years, U.S. agricultural imports have increased by more than $13 billion, from $32 billion in 1996 to $46 billion in 2003. Agricultural economists Philip Paarlberg and Phil Abbott, both at Purdue University, predict that, if these trends continue, the current agricultural trade surplus will turn into a deficit toward the end of the decade. This forecast is consistent with ERS analysis of U.S. import and export trends.[/b] http://www.ers.usda.gov/AmberWaves/February04/Features/USTradeBalance.htm the only reason we import food is because our growers have become somewht lazy, they grow waht John Deere makes them eqpt for: soy beans, corn, and rice [/QB][/QUOTE]
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