Grainnet

USDA Administrator Michael Yost Says Trade Cannot Be Ignored

Toronto, ON-–Michael Yost, administrator of USDA’s Foreign Agricultural Service (FAS) offered perspectives on the importance of international trade July 23 at the U.S. Grains Council’s 47th Annual Board of Delegates’ Meeting in Toronto, ON.

Yost said international trade is heading toward a record $77.5 billion input for the U.S. economy, which is responsible for more than one million U.S. jobs.

Already in 2007, Yost added $9 billion has been generated from feed grain exports.

“The bottom line is American agriculture depends on exports, which cannot be disputed,” said Yost.

“We have to stay focused on trade even in light of local demand derived from biofuels, and I say this not only as the FAS administrator, but also as a farmer.”

Yost said the push for renewable energy is the “biggest thing” to happen that benefits U.S. farmers since the Russian trade deal.

However, he warned more than 190 U.S. agribusiness representatives, producers and other agricultural industry leaders attending the meeting not to ignore trade opportunities, because it would jeopardize the security of demand for U.S. grains and their products.

Yost also highlighted recent success stories that benefit U.S. farmers.

Specifically, he said the recent free trade agreements in Peru, Panama and, most recently, South Korea are very significant to broadening demand for U.S. grains.

In addition, he said the Doha round of trade negotiations is critical to gaining market access and is worth the fight.

He added that renewing the Trade Promotion Authority is fundamental to expanding market access.

“Don’t put all your eggs in one basket.

"Don’t turn your backs on the international marketplace,” said Yost.

“Do we want this country to sit on the sidelines and watch others have a competitive edge?”

For more information, call Mike Deering or Lynn Petrinjak at 202-789-0789.