Summary: Highlights of Studies on the Economic Impacts of Several Export Market Development ProgramsSTUDY SUMMARY
This summary of return-on-investment studies of MAP and FMD spending on promotion of U.S. walnuts, pears, cotton, wheat, grains and meat products highlights the vast economic benefits reaped from market development work. In the study peroid, these six programs cost the government $59.45 million and returned $7.75 billion in export revenue; contributed $23.27 billion to GDP; and supported $6.03 billion in employment income. Download the full summary.
Release: Study Shows Foreign Competitors Increase Investment In Developing Ag Exports While U.S. Lags BehindNEWS RELEASE
The latest analysis of foreign export promotion program investment shows that several competing countries and the European Union spent close to $1 billion in public funds on agricultural export promotion in 2016, outspending the United States 4 to 1. That is an increase of 70 percent in real competitive public spending since 2011. Download the full release.
This November 2016 econometric analysis by Informa Economics measures the effects of two scenarios of increased funding for MAP and FMD programs on export revenue, the farm economy and macro economy. Download the full report.
U.S. agricultural product exports (including fish and forestry products) are facing increased competition in overseas markets. This study by Informa Economics, released in October 2017, provides an assessment of this export competition. It also provides U.S. agricultural cooperators and FAS with a greater understanding of the export market promotion programs these countries use and insights on ways to improve the competitiveness of U.S. programs. Download the executive summary.
More than 120 members of the Coalition to Promote U.S. Agricultural Exports are urging leaders of the House Committee on Agriculture to increase funding for USDA export programs in the new farm bill to generate additional demand for U.S. farm products in an increasingly competitive global market. Listen to an interview with Mark Powers.
Release: Coalitions Support The Cultivating Revitalization by Expanding American Agricultural Trade and Exports (CREAATE) Act in the U.S. SenateNEWS RELEASE
Members of the Coalition to Promote U.S. Agricultural Exports and the Agribusiness Coalition for Foreign Market Development welcome and strongly support passage of S. 1839, the Cultivating Revitalization by Expanding American Agricultural Trade and Exports (CREAATE) Act, introduced in September 2017 by Sen. Angus King (I-ME), Sen. Joni Ernst (R-IA), Sen. Joe Donnelly (D-IN), and Sen. Susan Collins (R-ME). Download the statement.
Do export promotion and related market development programs successfully achieve their objectives? Are they cost effective and a profitable investment of public funds? This academic article highlights recent research that assesses how the United States economy is affected by private- and taxpayer-funded promotion activities. Download the article.
This study measured the economic impact of USDA’s Foreign Market Development Program (FMD) and Market Access Program (MAP) and industry market promotion contributions on U.S. agricultural exports and the broader effects on the farm economy and the overall macro economy. Download the report.
This study evaluates the impacts of the United States Department of Agriculture (USDA)’s Market Access Program (MAP) and Foreign Market Development (FMD) program using guidelines contained in the Office of Management and Budget (OMB). Download the report.
Analysis shows USDA market development programs significantly increase export revenue, farm profits and job growth. Download the infographic.
The first in a new series of Agri-Pulse in-depth stories, “Export or Bust,” dealing with the challenges and opportunities for U.S. agriculture when it comes to selling more commodities and value-added products to overseas customers. Read the story here.