TelestackViganPort of StocktonTMS Awards 2023Sailors SocietyIMPA Events
  • Vigan
  • Port of South Louisiana
  • TMS Awards 2023
  • Sailors Society
  • Bühler GmbH
  • IMPA Events

U.S. Grains Council updates Value of Grains Exports study

U.S. Grains Council updates Value of Grains Exports study

(Posted on 02/10/23)

An important study examines the economic contributions provided by exports of malt barley, other barley, corn, corn gluten feed and meal, distiller’s dried grains with solubles (DDGS), ethanol, sorghum and the corn equivalent of beef, pork and poultry on the U.S. economy. The study specifically highlights the economic contributions provided by each U.S. state and individually analyzes them with the goal of quantifying the degree to which state economies rely upon and benefit from grain exports.

“There is a long history of economic analysis showing the value of export markets for the U.S. agricultural industry, and the majority of ag producers and businesses readily recognize the economic value of export markets,” said Bryan Jernigan, USGC director of communications. “Now, visitors to the site can get the most up-to-date information on how trade in their state contributes to overall, top-level trade numbers so they easily see how ag exports benefit not only their state, but also the U.S. economy.”

Results from the analysis show that the $31.5 billion in grain and grain products exported indirectly supported a total economic output of $104 billion in 2021. In other words, access to international export markets for U.S. grains supported nearly an additional $72 billion in business sales during 2021. Moreover, the export of grain products supported U.S. GDP by $42 billion over what would have occurred without such exports. Finally, the number of jobs linked directly or indirectly to grain exports totalled roughly 462,000.

Further analysis shows that for every dollar of grain product exports generated, through indirect and induced business activities, $3.31 in business sales are supported across the United States.

The online interactive platform allows users to break down each state in the U.S. based on total value of exports and production, with downloadable PDF infographics available as well.

These results highlight the important role grain and grain products play in the U.S. economy.

Latest News

Rio Tinto progresses Rhodes Ridge to next study phase

(Posted on 07/12/23)

Rio Tinto has approved a $77 million (A$110 million) pre-feasibility study (PFS) to progress development... Read more

Rio Tinto and Giampaolo complete aluminium recycling transaction

(Posted on 03/12/23)

Rio Tinto and Giampaolo Group have completed a transaction to form the Matalco joint venture, combining... Read more

Partnership creates UAE’s largest galvanising pool in KEZAD

(Posted on 03/12/23)

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose... Read more

ADM launch of regenerative agriculture programme in Brazil

(Posted on 26/11/23)

ADM, a leader in sustainable agriculture supply chains, has announced an important expansion of its... Read more

$140m Investment agreement to build all-in-one nickel refinery

(Posted on 17/11/23)

Trafigura, a market leader in the global commodities industry, has agreed to invest in an all-in-one... Read more

ADM and Marathon take next step in meeting renewable fuels demand

(Posted on 17/11/23)

ADM and Marathon Petroleum Corp. have celebrated the opening of their joint venture soybean processing... Read more

US Grains Council bids farewell to Castillo

(Posted on 13/11/23)

Former U.S. Grains Council (USGC) Director of Global Programmes Alejandra Castillo was named the successor... Read more

Rio Tinto and Codelco complete Nuevo Cobre exploration agreement

(Posted on 13/11/23)

Rio Tinto has completed the acquisition of PanAmerican Silver’s stake in Agua de la Falda and... Read more

New Cargill soybean processing plant connects farmers to growing demand

(Posted on 05/11/23)

Cargill has completed an expansion and modernization project at its integrated soybean crush and refined... Read more

BHP approves US$4.9bn investment in stage two of Jansen potash project

(Posted on 31/10/23)

BHP has approved an investment of US$4.9 billion (C$6.4 billion) for stage two of the Jansen potash... Read more

CimbriaTBA GroupVan AalstGeneva DryBühler GmbHPort of South Louisiana
  • Van Aalst
  • Cimbria
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping