Keeping The U.S. Competitive In World Trade

Brownfield reports that there are several hurdles the U.S. must overcome in order to remain competitive in world trade Jim Wiesemeyer with Informa Economics said.

“You have to be able to have the ability to ask the right questions and then when you ask the right question how do you develop a strategy to fulfill what is clearly a growing demand for U.S. farm products,” Wiesemeyer said.

Speaking at the Corn and Pork Trade Symposium Wiesemeyer also told Brownfield to keep an eye on emerging markets.

“As the [world’s] middle class grows, they may not make as much as say the middle class here, but on a per capita basis there it’s a significant increase from what they were used to getting in earnings,” said Wiesemeyer.  “And as history shows, once you increase your earnings one of the first things you do — you increase your food as far as more protein and in that case it’s good old U.S. corn, that’s good old U.S. pork, beef and poultry.”