Home Farm Equipment Assessing global market potential for Texas ag commodities

Assessing global market potential for Texas ag commodities

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The Center for North American Studies, CNAS, a part of Texas A&M AgriLife, in collaboration with the Texas Department of Agriculture, TDA, is making global market assessments for various the state’s agricultural commodities.

“The U.S. is the largest agricultural exporter in the world, and 95% of the world’s population is outside the U.S., so we are helping feed the world,” stated CNAS  Director Luis Ribera, Department of Agricultural Economics within the College of Agriculture and Life Sciences, Bryan-Faculty Station. “Opening new markets and/or expanding our export share in the world is important to U.S. and Texas producers in that about one-third of U.S. farm income comes from exports.”

The Heart for North American Research meets high-priority nationwide wants to supply goal analyses for speedy, exact responses to rising commerce and worldwide coverage points, Ribera stated.

 “We have been doing this kind of work for a long time and we are recognized at the state, national and international level for it. We also have a long history of collaboration with TDA and currently have three trade-related projects with them.”

Concerning the commodity assessments

Ribera stated the demand for Texas-grown agricultural commodities continues to extend all through the U.S. and globally.  

“To keep up with and further anticipate this growing demand, Texas farmers and ranchers need to be able to understand and adjust to variations in market conditions in an ever-changing world,” he stated. “These assessments will provide them with the information they need to be more successful in the global marketplace.”

The commodities for which the CNAS is offering assessments are cabbage, catfish, forest merchandise, grapefruit, melons, mohair, oranges, onions, peanuts, pecans, potatoes, rice, shrimp, spinach and wool. These have been chosen by TDA based mostly on their potential for development and the dearth of global market info presently out there on them.

Ribera stated the middle has accomplished assessments on 13 of the 15 chosen commodities, and assessments for every commodity needs to be out there on the CNAS website by the top of September.     

What the assessments present

Ribera stated the assessments provide detailed insights on U.S. export market exercise, which may present Texas producers with a aggressive commerce benefit. 

“This information will not only help Texas producers but could also be of benefit to all U.S. producers of these commodities,” he stated. “However, the information in these assessments will particularly help Texas producers take advantage and go after those overseas markets first, giving them an edge on both domestic and international competition.”

Ribera stated the TDA requested that the assessments tackle the challenges and alternatives for Texas exports.

“This research is an objective assessment of future international market-share growth potential for each commodity based on any upward or downward trends and changes in the global marketplace over the past five years or more,” he stated.

The assessments will assist producers higher perceive their import and export opponents and developments that reveal challenges in markets, like tariffs, and market variation insights that current alternatives for Texas producers, Ribera stated.

“These assessments will help Texas producers who would like to expand their market share or open new markets overseas,” he stated. “Basically, they provide an objective overview of the potential for these Texas agricultural products in the global marketplace as well as some of the challenges related to international trade.”  

Supply: is AgriLife TODAY, which is solely accountable for the data supplied and is wholly owned by the supply. Informa Enterprise Media and all its subsidiaries are usually not accountable for any of the content material contained on this info asset.

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