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USDA Undersecretary Emphasizes Diversified Market

With US agriculture exports facing strong trade headwinds, including the strength of the US dollar and increased competition, market diversification is a priority, said Alexis Taylor, US Department of Agriculture undersecretary for trade and foreign agricultural affairs.“Diversification is an important tool as we think about maximizing growth opportunities as well as a way to hedge risk of market contraction and general volatility in the global marketplace that we have seen now for several years,” she said. Taylor noted that 60% of US agricultural exports are going to just four markets: China, Canada, Mexico and the EU.

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