Farm Journal Foundation Recommends Expanding U.S. Agricultural Exports to Africa
What happened
The Farm Journal Foundation released a report titled “Building the Next Generation of U.S. Agricultural Export Markets.” The report recommends leveraging federal economic development and trade assistance programs to increase U.S. agricultural trade in Africa and South Asia. Recommendations include supporting local capacity building and helping overseas markets adopt U.S. regulatory and biosafety standards.
From agri-pulse.com
Why it matters
The report suggests the U.S. must rely on new, rapidly growing markets to build its demand base, as growth in current large export countries like Canada, Mexico, China, South Korea, and Japan is limited. The report notes that Africa and South Asia are expected to account for 78% of global food demand over the next 10 years.
From agri-pulse.com
Who's involved
- Farm Journal FoundationNonprofit organization that released the report advocating for market expansion.
- AfricaContinent targeted for increased U.S. agricultural trade and market expansion.
- federal governmentGovernment level whose trade assistance programs are proposed for leveraging.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- federal governmentSpeculative
The federal government might increase funding for trade assistance programs to support African market expansion.
- Dangote GroupSpeculative
Dangote Group might see increased revenue from U.S. demand for African commodities.
- African Development BankSpeculative
African Development Bank might see increased demand for development financing related to U.S. agricultural trade.
- World BankSpeculative
The World Bank might increase investment in trade finance aligned with U.S. agricultural expansion.
Keep exploring
The entities involved
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Africa
continent
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Farm Journal Foundation
nonprofit organization in Philadelphia, United States
Nothing else this week.
Related events
- The African Union, involving key figures like Justin Nsengiyumva and Hailemariam Desalegn, addresses structural challenges in African agriculture and calls for modern investment.
- The International Trade Centre supports South African businesses as they expand into regional African markets.
- Kenya exemplifies the continent's agricultural trends.
- Kenya hosted innovators to address agricultural needs across the African continent.
- Media coverage is focusing on emerging markets within Africa.