2008-09 Recession and Recovery. Implications for the Growth and Financial Health of U.S. Agriculture.

摘要

U.S. agriculture was better positioned than most U.S. industries entering the recession, was less affected by the recession than most other U.S. industries, and is well positioned to continue to do well in the years ahead. The growing importance of developing countries as markets for U.S. agricultural exports, strong balance sheets in U.S. agriculture going into and coming out of the recession, healthy financial institutions supporting agriculture, and prospects for a continued low real trade-weighted dollar exchange rate are supporting relatively strong growth in the farm sector. These economic and financial factors, along with underlying gains in agricultural research and productivity and in expanding and improving access to markets for farm products, suggest a strong outlook for U.S. agriculture as U.S. and global economies continue their recovery.