Will Maples and Grant Gardner

Navigating Crop Markets When Trade Disrupts Prices

Global trade plays a vital role in supporting U.S. agriculture, particularly in the Southern states. For many key crops, exports account for a significant portion of total cash receipts (Figure 1). Between 2010 and 2023, exports accounted for an average of 84% of cotton receipts, highlighting cotton’s strong dependence on international markets. Similarly, wheat and...