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USDA Releases FY 2011 Agricultural Export Forecast

WASHINGTON -- Agriculture Secretary Tom Vilsack this week announced the fiscal 2011 agricultural export forecast and congratulated cooperators and the agriculture industry for their efforts to boost exports. Total fiscal 2011 agricultural exports are forecast at $113 billion, $5.5 billion more than fiscal year 2010, and the agricultural trade balance is projected to expand to more than $30 billion.

"I strongly believe this is a tribute to you and your members, who work tirelessly with congressionally authorized export trade programs to maintain and develop markets for the products of American farmers and ranchers," Vilsack wrote.

For the current fiscal marketing year, USA Rice Federation received $1.66 million in Foreign Market Development and $3.56 million in Market Access Program funding from the U.S. Department of Agriculture. These funds enable USA Rice to conduct targeted U.S. rice promotion and trade servicing activities throughout the world.

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