Conference Explains Key Connections Between Agriculture, International Trade
Overseas markets provide major revenue for Nebraska’s agricultural sector — about 30% of the state’s annual ag receipts. In 2020, those export sales included $2.3 billion of Nebraska soybeans, $1.2 billion of beef, $1.1 billion of corn and $425 million of pork.
The Nebraska Farm Bureau notes that every dollar in agricultural exports generates $1.28 in associated economic activities such as transportation, financing, warehousing and production.
It pays, then, for farm-state residents to understand the ag sector’s wide-ranging connections to the global marketplace and the need to strengthen opportunities for increased overseas sales.
A recent ag-focused conference in Omaha featured presentations by University of Nebraska–Lincoln faculty that explained the fundamentals of international trade. The event, held at the headquarters of Green Plains Inc., also included discussions on how producers can expand the understanding of global trade in their communities and organizations.
To read more about the conference discussions on global trade in relation to the ag industry, read this article by IANR Media.