Agricultural Exports Help Balance of Payments

Robert L. Tontz, Harry W. Henderson and McGehee H. Spears

No 319882, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: U.S. agricultural exports are one of the major bright spots in the unfavorable U.S. balance-of-payments picture. Our farm product shipments, which reached a record peak in 1964, are helping offset the dollar drain flowing in large part from U.S. investment abroad, cold war outlays, and tourist expenditures. Large U.S. dollar deficits and losses of monetary gold are genuine cause for concern. Even though the United States is the principal banker of the free world, any potential weakness of the dollar poses the threat of serious monetary and trade problems for us and our friends abroad. Further expansion of exports, including U.S. agricultural shipments, is high on the list of measures advocated to correct the balance-of-payments problem.

Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Pages: 12
Date: 1965-07
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/319882/files/ERSforeign133.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:319882

DOI: 10.22004/ag.econ.319882

Access Statistics for this paper

More papers in Miscellaneous Publications from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().