What the 2008/2009 World Economic Crisis Means for Global Agricultural Trade
By May Peters, Mathew Shane and David Torgerson
Outlook Report No. (WRS-09-05) 32 pp,
August 2009
The global economic crisis that started in late 2008 has led to a sharp curtailment of international trade, including a short-term decline in the value of global agricultural trade of around 20 percent. After slowing, global agricultural trade will continue to grow in the future. The crisis is leading to a realignment of exchange rates, and the ultimate resolution of the crisis will depend on adjustments in the exchange value of the U.S. dollar. The U.S. agricultural sector would benefit from a depreciating dollar, which results in high export earnings, high agricultural commodity prices, increased production, and increased farm income.
Keywords: World economic crisis, international agricultural markets, international agricultural trade, agricultural imports, agricultural exports, world economic growth, ERS, USDA
In this report ... Chapters are
in Adobe Acrobat PDF format.
Updated date: August 20, 2009
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