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The Agricultural Situation in the Western Hemisphere: Review of 1973 and Outlook for 1974

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  • Latin American Program Area, Foreign Demand and Competition Division, Economic Research Service

Abstract

Western Hemisphere agricultural production recovered in 1973 from adverse conditions of a year earlier. Agricultural trade continued up to record values due to advancing world prices, increased exports, and larger imports needed to fill deficits from 1972 food production in many Latin American countries. U.S. agricultural exports to Hemisphere countries increased from the 1972 record of $1.7 billion to $2.7 billion in 1973; but the outlook is for some decline in 1974.

Suggested Citation

  • Latin American Program Area, Foreign Demand and Competition Division, Economic Research Service, 1974. "The Agricultural Situation in the Western Hemisphere: Review of 1973 and Outlook for 1974," Miscellaneous Publications 316545, United States Department of Agriculture, Economic Research Service.
  • Handle: RePEc:ags:uersmp:316545
    DOI: 10.22004/ag.econ.316545
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