Effects of Agriculture Exports and Imports on the Economy

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The US generates revenue by a variety of ways such as taxes and selling government savings bonds. One way that the government generates revenue is by importing and exporting agriculture products. Most consumers would not think that the government could generate enough revenue by exporting and importing fruits and vegetables. In fact, the government exports and imports billions of dollars worth of agriculture products each year in anything from tea to beef to sugar. By importing agriculture products, the US is able to acquire products that are not produced in the US. Exporting products reduces the supply of US products. This reduction in US supplies ensures that products will not spoil or go to waste. It also ensures that the US has good trade relations with other countries. Good trade relations between the US and other countries are what allow the US to continue importing and exporting agriculture products. What are agriculture products? Most consumers would think that agriculture products are just fruits, vegetables, and meat products. Agriculture products include these three items but cover a much larger spectrum of products. Agriculture products, according to the United Sates Department of Agriculture (USDA), include products such as “live animals, meat, and products of livestock, poultry, and dairy; animal fats and greases; food and feed grains and grain products; fruits, nuts, and vegetables and products of these; juices, wine, and malt beverages […]” (2006). Agriculture products are so vast that they are in every items that is consumed and items that are worn and made by natural fibers. With so many products that are able to be exported and imported, there are rules and guidelines that are followed to allow for fair trade. There are two trade agreements that the US is a member of, which are the World Trade Organization (WTO) and

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