“So, in our traditional markets where we are very competitive and dominant, we're going to start to see more competition coming from other production areas in the world.” “And a lot of that new production will find an export market,” said Schouvieller. has long been a dominant force in exporting farm commodities but is increasingly being challenged as agricultural production substantially increases in other countries like Brazil and Argentina. Tariffs trouble farmers Minnesota's kidney bean crop in limboĪg exports could face headwinds in a rapidly changing world.Pandemic disruption Supply chain issues slow ag exports.Minnesota is the fourth largest agricultural exporting state in the U.S. “2022 would be the highest level of export for Minnesota, total export, to the world,” said Su Ye, chief economist for the Minnesota Department of Agriculture. In recent years, access to world markets benefited Minnesota farmers as higher prices for grains and meat pumped up the value of ag exports from the U.S.
#Largest poducer of soy in the world full#
farmers and give them a full suite of options to market their grain any place in the world,” he said. “And it gives us great flexibility to provide competitive prices to U.S. TEMCO - a joint venture with CHS and Minnesota-based agribusiness giant Cargill - owns several port facilities in the Pacific Northwest and recently purchased a facility in Houston.ĬHS is also expanding a port facility in Louisiana, said John Griffith, senior vice president for global grain marketing.
Those deep-water ports can fill much larger ocean-going ships, making transportation more cost-effective.ĬHS has invested hundreds of millions of dollars in those port facilities. Most of that grain flows west to ports in the Pacific Northwest or south to ports on the Gulf of Mexico. Soybeans and corn are the top ag exports from Minnesota.
Courtesy Charles Wachsmuth 2022 Deep water advantage
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