Filename: vilsack ag econ test
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FEATURE – VILSACK TALKS FARM ECONOMY WITH LAWMAKERS
INTRO: Agriculture Secretary Tom Vilsack went to Capitol Hill to talk to lawmakers about the state of the U-S farm economy. The USDA’s Bob Ellison has more. (1:22)
AGRICULTURE SECRETARY TOM VILSACK TOLD THE U-S HOUSE AGRICULTURE COMMITTEE THAT THE U-S FARM ECONOMY IS DOING WELL. HOWEVER, SOME LAWMAKERS EXPRESSED CONCERN OVER THE POSSIBILITY OF A BUST FOLLOWING THE RECENT ECONOMIC BOOM FOR AGRICULTURE.
Rep. Frank Lucas R-OK: Are you concerned about price stability in the commodities?
Tom Vilsack, Agriculture Secretary: One of the things that is driving the current increase in prices is the growing global demand.Recent data tells us that U.S. farm exports have reached an all time high in calendar year twenty ten. That combined with our efforts and others to try to increase agricultural productivity not just in the United States but globally should help us encourage greater stability in the market.
AND VILSACK ADDED MORE U-S AG EXPORTS ARE HEADING OVERSEAS.
Tom Vilsack, Agriculture Secretary: The trade numbers just published show that for calendar year two thousand and ten China was our number one export market edging out Canada and accounting for a little over fifteen percent of exports.
BUT VILSACK SAID THE GOOD ECONOMIC TIMES FOR FARMERS HAVE BEEN SOMEWHAT MUTED BY HIGH INPUT COSTS.
Tom Vilsack, Agriculture Secretary: Expenses are also increasing, especially prices of farm origin inputs like livestock and feed, the price of energy and operating costs.
IN WASHINGTON D-C FOR THE U-S DEPARTMENT OF AGRICULTURE, I’M BOB ELLISON.
USDA is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write: USDA, Director, Office of Civil Rights, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (800) 795-3272 (voice), or (202) 720-6382 (TDD).
