Free Trade: A Major Factor in U.S. Farm Income
Exports of U.S. farm commodities totaled $23 billion in 1976 and are expected to exceed that amount this year. Exports in the past year accounted for almost 25 percent of tile dollar value of all farm commodity sales, and the 100 million acres of land utilized in producing this volume of exports represented 30 percent of the total acreage harvested. Thus, exports play a significant role in determining the nation’s farm income.