With the productivity of U.S. agriculture growing faster than domestic demand, U.S. farmers and agricultural firms rely heavily on export markets to sustain prices and revenues. And while most of the corn produced in Kentucky stays in the state to be processed for feed, bourbon, food, or ethanol, exports are still a critical factor in the economic success of Kentucky’s corn farmers.
“At the end of the day, a bushel of corn that leaves the U.S. for a foreign marketplace is a bushel of corn that adds value to the corn we grow and process right here in Kentucky,” said Philip McCoun, Shelbyville farmer and member of the Kentucky Corn Promotion Council. “About 1 in 3 bushels of U.S. corn is exported in some form. Without exports, that corn would stay here in the U.S., creating a huge surplus and depressing prices all across the country, including here in Kentucky.”
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31% of gross farm income comes directly from Exports
The U.S. Grains Council develops export markets for U.S. barley, corn, grain sorghum and related products, including ethanol and distiller's dried grains with solubles (DDGS). The Council believes exports are vital to global economic development and to U.S. agriculture's profitability.
Red meat exports help put corn farmers in the black.
In 2015, red meat exports added 45¢ per bushel to the price of corn. Based on an average yield of 200 bushels per acre at $3.60 per bushel, that’s an additional $90 per acre in revenue for a corn farmer.
277 Million bushels of corn were exported through poultry and eggs. 4.1 Million of those corn bushels came from KENTUCKY
Through its network of international offices and consultants in key markets around the globe, USAPEEC keeps current on issues that have a direct impact on U.S. poultry and egg exports.