Despite a $2 billion decline from 2022, Nebraska’s agricultural exports totaled $7.9 billion in 2023, marking the third-highest export year on record. That’s according to a Nebraska Farm Bureau’s annual Agriculture and International Trade Report.
The report, prepared by economist Jay Rempe of Rolling Prairie Economics, provides a comprehensive look at how global markets are driving and challenging the economic future of Nebraska’s farm and ranch families. According to the report, trade remains a foundational pillar of Nebraska’s agriculture-driven economy.
“Our state ranks fifth in the nation for agricultural exports, and we lead the country in beef exports. Yet, the story behind the numbers is about the Nebraska farm families whose livelihoods depend on access to global markets,” said Mark McHargue, president of Nebraska Farm Bureau. “When trade thrives, Nebraska thrives. That’s why it’s critical that we push for new trade agreements and work to eliminate barriers that unfairly limit our access to overseas markets.”
The report, released annually since 2017, examines the most recent data provided by the U.S. Department of Agriculture (USDA), sourced from the year 2023 and includes county-level estimates showing the importance of trade at the grassroots level. Cuming and Platte Counties led the state in total agricultural export value, each exceeding $200 million, while Phelps County topped the list for per-farm export value at an estimated $474,832. Counties like Kearney, Fillmore, and Boone also ranked among the highest per-farm export values, a reflection of the size, productivity, and diversity of their farming operations.
“Trade translates directly to income for farm and ranch families,” said Rempe. “Whether it’s corn from Dawson County, soybeans from York County, or beef from the Sandhills, the ability to sell these products overseas can make the difference between a good year and a tough one for many Nebraska producers.”
According to the report, soybeans, corn, and beef remained solidly entrenched as Nebraska’s top agricultural exports, accounting for nearly two-thirds of total exports. Nebraska ranked first in the nation for beef exports at $1.59 billion. The state ranked third in corn exports and seventh in soybeans. Exports of pork and soybean meal were among the few that increased in value, rising 3% and 12%, respectively.
While commodity prices and increased global competition from countries like Brazil contributed to export declines, Nebraska producers remain competitive and resilient. However, trade uncertainty and tariffs continue to pose significant challenges.
“Now is the time for policymakers to take action,” said McHargue. “We must actively seek new trade agreements, explore untapped markets, and remove regulatory and other trade obstacles that unfairly impact Nebraska’s agricultural sector. Expanding trade is not just smart economics, it’s critical for our state’s future.”
Nebraska Farm Bureau’s full Nebraska Agriculture & International Trade Report – 2023 is available at www.nefb.org.
The Nebraska Farm Bureau is a grassroots, state-wide organization dedicated to supporting farm and ranch families and working for the benefit of all Nebraskans through a wide variety of educational, service, and advocacy efforts. More than 56,000 families across Nebraska are Farm Bureau members, working together to achieve rural and urban prosperity as agriculture is a key fuel to Nebraska’s economy. For more information about Nebraska Farm Bureau and agriculture, visit www.nefb.org.
Source - https://www.morningagclips.com
