As we head into 2016, we’d like to look back at the best performing posts of 2015. All week, we’ll repost the articles you liked best! Enjoy!!
HOW DOES MEXICO REINVIGORATE IL RURAL COMMUNITIES?
May is World Trade Month and this week in particular has been designated to celebrate agriculture’s contributions to U.S. trade. If you’ve always wanted to know more about how farmers contribute to our economy via trade, you’ve come to the right place!
(In reality, I’m guessing you’ve never considered that farmers are a major contributor to the products leaving the U.S. and the economic boom that trade provides American citizens. This is your week! Learn something!)
Mexico is a hugely important buyer of corn nationally, and also has a great impact as a buyer of Illinois corn. Our river transportation system sends much of our corn directly to the Gulf of Mexico, where it makes the short trip to Mexican markets. This should remind us how important our river transportation system is, and with it, the need for repaired and upgraded locks and dams.
Illinois Corn Marketing Board partners with the U.S. Grains Council to expand export opportunities for corn, ethanol, and DDGS. USGC leverages Illinois farmer checkoff dollars with matching dollars from USDA to expand the work. Learn more about USGC’s work in Mexico at www.bit.ly/1zsm5Ml.
Here are some specifics about Mexico as a buyer of corn:
- USDA weekly sales info as of 4/23 says Mexico is the top market for U.S. corn this marketing yr, buying 9.5 MMT (million metric tons) so far
- Mexico imported 10.4 MMT of yellow corn during the 2014 marketing yr, making it 2nd largest market for U.S. yellow corn
- Mexico imported more than 1.5 MMT of U.S. DDGS last year, making it the second largest market behind China
- A critical trade deal made booming U.S. grain sales to Mexico possible – read more at www.bit.ly/1FKvRuE
- Mexico farmers see dramatic results in DDGS feeding trials, building confidence, sales – more at www.bit.ly/1OTJKMM
What’s this mean for you as a non-farmer, an eater, and an American?
- Vibrant and growing markets mean increased farmer income.
- Farmers reinvest additional income into their farms.
- This money drives the Illinois economy, provides jobs, reinvigorates rural America, and promotes investment in new technologies to make agriculture more efficient.