Cotton Newsline: June 1, 2022
The Coalition to Promote U.S. Agricultural Exports recently welcomed the results of an econometric study indicating that public-private U.S. agricultural export market development programs remain highly effective and generate a substantial return on investment.
Robbie Minnich, senior government relations representative with the National Cotton Council, and chair of the Coalition, shares that the study conducted by IHS Markit and Texas A&M University showed export programs have added an average of $9.6 billion per year to export value between 1977 and 2019. For farmers, livestock producers and dairy operators, the study showed MAP and FMD increased cash receipts by $12.2 billion per year. The programs also added 225,800 new jobs across the entire U.S. economy. For more details about the report visit agexportscount.com.