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Posts tagged: US-Korea Trade Agreement

St. Louis Riverfront Is Front Row for Surging U.S. Ag Exports

Secretary Vilsack on the Mississippi River, with a grain elevator towering behind him, told the audience: “U.S. farm exports will support more than 1.1 million jobs in 2011. But we can do better.”

Secretary Vilsack on the Mississippi River with a grain elevator towering behind him, highlighted how the Korea trade agreement would eliminate tariffs on two-thirds of all U.S. ag exports to Korea and bring $1.8 billion export growth.

I spent yesterday in St. Louis, talking about the importance of trade and smart trade deals to America’s rebounding economy. Within 500 miles of St. Louis, farmers are producing more than three quarters of the nation’s corn and soybean crops, injecting $75 billion into the global economy, supporting 265,000 jobs, and producing $131 billion in crops and livestock. Meanwhile, the Mississippi River moves about 500 million tons of cargo each year, including 60 percent of the nation’s grain exports, accounting for $8.5 billion in exports. USDA recently reported that grain barge traffic around St. Louis is up 126 percent over last year, underscoring the importance of St. Louis to the national economy as a hub for U.S. farm exports. As the heart of the nation’s farm economy, St. Louis is pumping life into the overall economy. Read more »