USDA ERS - Economic Crises in Foreign Markets Reduce U.S. Agricultural Exports
Economic Crises in Foreign Markets Reduce U.S. Agricultural Exports by William M. Liefert, Lorraine Mitchell, and Ralph Seeley Highlights: Economic crises in foreign markets reduce U.S. agricultural exports in several ways. An economic crisis will result in consumers earning a lower income in the affected countries, which leads to decreased demand for imported products. Additionally, a crisis can weaken the currencies of those countries against the U.S. dollar, making imports from the United States more expensive for their consumers. During the world financial/economic crisis ...
Source: usda.gov