Mattson, Jeremy W.; Koo, Won W. - Department of Agribusiness and Applied Economics, North … - 2005
The U.S. agricultural trade surplus has fallen from $26.9 billion in 1996 to $7.3 billion in 2004, and it is shrinking even further in 2005. The objective of this paper is to examine the characteristics of the decreasing agricultural trade surplus and determine the factors causing this decline....