- US agriculture trade has expanded dramatically over the past 25 years and is expected to increase because of increasing global demand, unless new US or foreign trade barriers disrupt it.
- Despite the burgeoning global demand, the US share of world trade for many commodities will likely fall as foreign farm productivity and competitiveness improves.
- The inconsistency between US farm policy and trade policy first noted by D. Gale Johnson as early as 1950 remains a major concern. While specifics have changed, US farm policy remains in conflict with the sort of open international markets that Johnson envisioned and that would most benefit US and world agriculture and the economy more broadly.
- Creation of the World Trade Organization and other trade agreements have significantly reduced export subsidies and tariff and nontariff barriers to trade. Those reforms have also brought US farm policies under closer scrutiny and discipline.
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