The international seed trade plays an intricate role in what we call the American way of life, providing us the products we know and love.
Did you know that corn and soybeans account for 50 percent of the harvested acres in the United States? Together, these two commodities had $106 billion in sales in 2012—not bad for products that start off as humble seeds. The U.S. seed industry is valued at more than $7 billion, and accounts for 34 percent of the world’s international seed trade. Our top seed exports are corn, soybean and sunflower seeds. And the international seed trade plays an intricate role in what we call the American way of life, providing us the products we know and love.
In today’s global market, limitations in manufacturing capabilities, shifts in climate, or simple geography all impact a country’s ability to satisfy all of its own needs. This means economies and agriculture systems around the globe are interconnected. Through trade, countries are able to market their resources to boost their economies and ensure access to a stable supply of food and products. Read more »
Book cover: "Rural Wealth Creation" edited by John Pender, Bruce A. Weber, Thomas G. Johnson, J. Matthew Fannin
This post is part of the Science Tuesday feature series on the USDA blog. Check back each week as we showcase stories and news from the USDA’s rich science and research portfolio.
Economic Research Service (ERS) economists may not wear trench coats and fedoras, but we are investigating significant developments affecting rural America. In a new book, Rural Wealth Creation, which I co-edited with Bruce Weber, Tom Johnson, and Matt Fannin, we examined the role of wealth, which includes physical, financial, human, natural, social and other forms of assets, in achieving sustainable rural prosperity.
Strong communities depend upon strong local and regional economies, and prosperous local and regional economies depend on the creation, retention, and distribution of wealth, broadly defined. Wealth contributes to people’s well-being in many ways beyond increasing income. For example, many forms of wealth can provide resilience in tough economic times or enhance the ability of rural people to pursue innovative new opportunities. Read more »
Tune in for a White House Rural Council Conversation on Local Food on Monday, June 9 at 12:45pm ET.
How is investing in regional food economies an investment in rural America? How can rural America benefit from the growing demand for local food? How are local food systems supporting the economy in your town?
On Monday, June 9 at 12:45 ET, the White House Rural Council will host Regional Food Economies: Building Market Opportunities for Rural America, a conversation between USDA Secretary Tom Vilsack, US Department of Transportation Secretary Anthony Foxx, Dan Carmody of Detroit’s Eastern Market Corporation, and Melissa Rivers of the East Arkansas Planning and Development District moderated by Doug McKalip of the White House Domestic Policy Council. Read more »
Logs from the U.S. being shipped overseas are unloaded near the Port of New Orleans in New Orleans, LA on Wednesday, Nov. 20, 2013. USDA photo by Anson Eaglin.
2013 was a record year for America agricultural exports, with $141 billion in sales and an additional $180 billion in related business activity. We expect even greater things in 2014, when international sales of U.S. farm and food products are expected to reach $149.5 billion. Taken as a whole, these numbers are impressive – but they impress me even more when I think about all the American companies who made this happen.
Many of these companies are based in rural communities, and they employ more than a million U.S. workers to produce products that are valued throughout the world. It’s amazing to think about those individuals, from small towns across America, who produce everything from cheese to pet food to distillers dried grains. It makes me proud of the work USDA is doing to connect these rural producers to international markets. Read more »
This week, USDA and its partners launched a new conservation initiative, the Regional Conservation Partnership Program (RCPP), a program that goes beyond traditional government support for conservation and allows businesses and other for-profit partners to invest in regional conservation projects. RCPP takes conservation off the farm and out of the forest and moves it into the board room.
The RCPP will competitively award funds to conservation projects designed by local partners and specifically tailored to local needs. Eligible partners include private companies, universities, non-profit organizations, local and tribal governments and others joining with agricultural and conservation organizations and producers to invest money, manpower and materials to their proposed initiatives. Read more »
National Small Business Week began yesterday with a proclamation from President Obama recognizing the small businesses across the Nation which, especially in our rural and small-town communities, making vital contributions to communities and the American economy.
Individually, the impact of a small business may seem minor in comparison with conglomerates. The Small Business Administration (SBA), however, estimates that more than half of our American workforce either owns or is employed by a small business, and two out of every three new jobs in the U.S. each year is created by–you guessed it–a small business. It’s clear this portion of economy is significant, but in rural towns and areas where each job and transaction has an effect on the community, small business is essential. In rural America, the entrepreneurs, mom-and-pop shops, agri-businesses, small-scale manufacturers, and other enterprises are the local economy. Read more »