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Export Payment Assistance to U.S. Agricultural Exports, Fiscal Year 1964-65

Author

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  • DeBlois, Eleanor N.

Abstract

Excerpts from the report Introduction: U.S. exports of agricultural products in 1964-65 totaled a record $6,096 million, continuing the strong upward trend of the past decade. World demand for U.S. agricultural commodities -- especially feed grains, soybeans and products, and animal products -- has increased sharply in recent years. However, exports of cotton and tobacco in 1964-65 were down from a year earlier, resulting largely from increased foreign competition. Nearly three-fourths of the exports of farm products in 1964-65 were commercial sales for dollars. These dollar exports, plus dollars saved and repaid under Public Law 480 programs, helped to improve the U.S. balance-of-payments position. About one-fourth of the export total consisted of exports under Government-financed programs, mostly under P.L. 480, the Agricultural Trade Development and Assistance Act of 1954. These exports help meet world food needs, support economic development abroad, further U.S. foreign policy, and help develop commercial markets for U.S. agricultural products.

Suggested Citation

  • DeBlois, Eleanor N., 1966. "Export Payment Assistance to U.S. Agricultural Exports, Fiscal Year 1964-65," Miscellaneous Publications 319891, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:319891
    DOI: 10.22004/ag.econ.319891
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    File URL: https://ageconsearch.umn.edu/record/319891/files/ERSforeign171.pdf
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    Cited by:

    1. True, Arthur W. & Hardaway, Irene L., 1967. "Economics of Agriculture -- Reports and Publications Issued or Sponsored by USDA's Economic Research Service, October 1965-September 1966," Miscellaneous Publications 321238, United States Department of Agriculture, Economic Research Service.

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