Trade of agricultural goods
The United States is a major player in the global trade of agricultural products. In 2022, exports of agricultural products were worth some 196 billion U.S. dollars. The most important regions of destination for agricultural exports were Asia and North America. Conversely, imports worth around 194 billion U.S. dollars made their way into the United States that same year.Agricultural production
Farming also involves significant production costs. A closer look at the composition of these costs shows that feed made up the largest share, followed by costs associated with farm services, livestock and poultry. Labor accounted for just 9.2 percent of farm expenditure in the U.S. in 2022.Over the last decade, the issue of genetic engineering has increasingly been on the agenda. The United States has by far the highest acreage of genetically modified crops worldwide. Some crops have a very high share of GM crops per species. For example, the area of non-biotech corn in the U.S. in 2022 was made up only about seven percent of total biotech and non-biotech corn area in the country.