What the 2008/2009 World Economic Crisis Means for Global Agricultural Trade

May Peters , Mathew Shane , and David Torgerson

United States Department of Agriculture

关键词: World economic crisis;    international agricultural markets;    international agricultural trade;    agricultural imports;    agricultural exports;    world economic growth;   

RP-ID  :  WRS-09-05

学科分类：农业科学（综合）

美国|英语

来源: United States Department of Agriculture Publications

【 摘 要 】

The global economic crisis that started in late 2008 has led to a sharp curtailment of international trade, including a short-term decline in the value of global agricultural trade of around 20 percent. After slowing, global agricultural trade will continue to grow in the future. The crisis is leading to a realignment of exchange rates, and the ultimate resolution of the crisis will depend on adjustments in the exchange value of the U.S. dollar. The U.S. agricultural sector would benefit from a depreciating dollar, which results in high export earnings, high agricultural commodity prices, increased production, and increased farm income.