USDA reported 140.9 billion in agricultural exports for Fiscal Year 2013 on Wednesday , a record total, topping $137.4 billion in 2011.
The agricultural sector also imported $103.8 billion in goods, which is also a record level. The U.S. showed a positive trade balance of $37 billion.
The numbers reiterate comments made Wednesday by Michael Swanson, agricultural economist and senior vice president at Wells Fargo, at the American Bankers Association annual agricultural bankers conference in Minneapolis.
"We are becoming much more of a global focused export ag economy," Swanson said. He added, "We are going to depend on the global ...