Ag export potential looks bright
WASHINGTON, D.C. - Though it’s still early in the
fiscal year, USDA forecasters figure it’s a pretty sure
thing that the value of farm export sales will break all
previous records by yearend.
Based on prospective U.S. supplies and agricultural
conditions around the world, U.S. farmers can expect to
ship over $3O billion worth of goods in fiscal 1979. Values
will be up sharply for oilseeds and animal products'.
Total volume of shipments will probably stay fairly
near last year’s 122 million metric tons. Volume increases
are expected ior many important export products
soybeans, feed grains, rice, protein meal, and tobacco.
However, a 2-million-ton decline in wheat exports is
likely.
CORN
NEVWILLE COMMUNITY FAIR GROUKOS
Newviile-Shippensburg Road Rt. 533
All Pulls Start-7:00P.M.
MAY 12 - GARDEN TRACTOR, MIN)
MAY 18 - MODIFIED STOCK, OPEN
JUNE 2 - STOCK. MODIFIED
JUNE 9 - GARDEN TRACTOR, MINI
JUNE 30 - STOCK, MODIFIED
(State Sanctioned Pull)
JULY 6 - MODIFIED STOCK. OPEN
(State Sanctioned Pull)
JULY 7 - GARDEN TRACTOR, MINI
JULY 14 - STOCK, MODIFIED
AUG. 4 - GARDEN TRACTOR; MINI
AUG. 8-STOCK, MODIFIED
(Cumberland County Members only)
AUG. 25-STOCK, MODIFIED.
SHIPPENSBURG COMMUNITY FAIR GROUNDS
Take Fayette Street Exit off 81, go NE to
Shippensburg, turn left at stop sign-
JUNE 23 - 7 P.M. MODIFIED STOCK, OPEN
JULY 21-11A.M. STOCK
7:00 P.M. MODIFIED STOCK, OPEN
AUG. 17 - 7 P.M. MODIFIED STOCK, OPEN
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For further information -
Call 717-776-5280 or 717-532-7619
The current forecast is underpinned by the rapid pace of
sales in October-December the first three months of the
fiscal year. These were up more than a third over the
year-earlier period.
Around the world
Before outlining the export forecasts for specific farm
commodities, here’s a rundown of world economic
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ERNON MYERS, INC.
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R.D. 4 - Box 845
- Lebanon, Pa. 17042
4mjs_y Ph0ne:(717)867-4139
Lancaster Farming, Saturday, May 12,1979
» ,
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conditions which help explain the expected ups and downs
in our farm shipments this year.
One of the key developments is the steep raise in oil
prices. The Organization of Petroleum Exporting
Countries (OPEC) boosted prices five per cent on January
1, and there will be a cumulative 14.5-per cent increase by
October 1.
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(Turn to Page 110)
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