The United States has already established its position as one of the biggest global traders of agricultural products. With China, Canada and Mexico as its top importers, the country’s agricultural industry continues to grow. The strong demand in the global market for dried grains will even increase the agricultural exports of the country this year, according to the U.S. Department of Agriculture.
Promising, isn’t it? These are some of the main reasons investing in agricultural lands is a wise decision. Although there could be risks as the climate change continues to challenge the global agrarian industry, the field is still seen as a sustainable and growing business with the increasing population and demand worldwide.
High investment returns
In the year 2018, the U.S. will witness a steady economic growth and increase exports of agricultural products. Agricultural exports are projected at $140.0 billion, according to the Outlook for U.S. Agricultural Trade report released in November 2017.
Availability of agricultural lands loan and assistance
Being one of the industries with consistent returns, many financial institutions like farmmortgageloan.com are offering agricultural lands loan for farmers. Prime-investment grade farmland is easily approved for loans and financial assistance.
More international market access for US food and agriculture
Through the Trans-Pacific Partnership or the TPP, which will reduce and eliminate certain tariff, more American farmers and producers will have chances to compete with the Asia-Pacific region and get opportunities to have open access to the international market.
These are the major considerations in investing in agriculture lands and products. Data shows that 20% of the U.S. income comes from the agricultural industry. Joining the group of businesspersons enjoying the benefits of the industry is never too late.