U.S. wheat producers depend on export markets to sell up to half their crop every year. Export success is a key price determinant. That is why wheat producers contribute about $12 million per year to support export development. Because they make this annual commitment, wheat producers qualify for federal funds administered by USDA's Foreign Agricultural Service.
Together the funding yields a tremendous return on investment: $115 in gross revenue to the wheat industry — and the U.S. economy — for every $1 invested. Yet in the current federal budget debate, funding for export development programs like the Market Access Program and the Foreign Market Development program are at risk.
U.S. Wheat Associates and the National Association of Wheat Growers wants wheat producers to understand the value of these programs so they can express their support to their Congressional representatives.
Source: U.S. Wheat Associates
Posted by Northern Ag Network
