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Missouri is an important producer and exporter of agricultural products. The
State's farm cash receipts totaled $8.4 billion in 2008. Missouri ranked 10th
among all 50 states in 2008, with agricultural exports estimated at $3.2 billion.
Missouri ranks in the top-10 among states in exports of cotton, cottonseed,
feeds and fodders, and rice. Agricultural exports help boost farm prices and
income, while supporting about 37,065 jobs both on the farm and off the farm in
food processing, storage, and transportation. Exports are increasingly important
to Missouri's agricultural and statewide economy. Measured as exports divided by
farm cash receipts, the State's reliance on agricultural exports was 38 percent
Missouri’s top five agricultural exports in 2008 were:
soybeans and products -- $1.2 billion
feed grains and products -- $532 million
wheat and products -- $389 million
live animals and meat -- $376 million
cotton -- $255 million
World demand for these products is increasing, but so is competition among
suppliers. If Missouri's farmers, ranchers, and food processors are to compete
successfully for the export opportunities of the 21st century, they need fair
trade and more open access to growing global markets.
How Trade Agreements Benefit Missouri Agriculture
Missouri, one of the nation’s largest soybean producers, benefits under the
Uruguay Round agreement as South Korea reduced its tariffs on soybean oil by
14.5 percent from 1995 to 2004. Thus far, the tariff reduction has supported a
threefold increase in export volume. The Philippines reduced its tariffs on
soybean meal from 10 to 3 percent during the same period. China’s accession to
the WTO has helped to raise U.S. exports of soybeans to that country by over six
fold from 1999 to 2004, surpassing $2.4 billion this year.
As large feed corn producer, Missouri benefits under the NAFTA when Mexico
converted its import licensing system for corn to a transitional tariff-rate
quota that will remain in effect until 2008. Under this system, the volume of
U.S. corn exports to Mexico has risen over 42 percent since 1994, reaching 120
million bushels valued at $585 million in 2002.
Export Success Stories
As a major soybean producer, Missouri has benefited from the efforts of the
American Soybean Association (ASA), in partnership with USDA, and various
producer organizations to increase demand for U.S. soybeans and meal in a number
of key markets in Asia. For example, ASA's work to distinguish the quality of
U.S. dehulled soybean meal has enabled Korean importers to capitalize on the
value-added U.S. product, resulting in 79,000 metric tons of exports in 2003,
more than triple the 2001 level.