Grain farmers, their checkoff organizations and U.S. agribusiness can be confident that the trading system the Council has helped build with traditional U.S. partners can successfully be extended to other countries around the world.
The United Nations projects that world population will grow to 9.1 billion by 2040; with much of that growth in developing countries.
Informa Economics, in a study for the U.S, Grains Council, forecasts that worldwide, real purchasing power parity per capita will more than double from $9,727 in 2010 to $24,697 by 2040.
This increasing prosperity, combined with continuing population growth, means consumers worldwide over time will tend to consume more meat, dairy, eggs, fish, fruits and vegetables and less cereal grains. The next 30 years will offer great opportunity to expand agricultural trade to support greater demand growth for these high-protein foods.
Export markets for U.S. agriculture have shifted over the years from Western Europe and Russia to Latin America, North Africa, the Middle East and East Asia. Now, an emerging middle class in countries including China, Vietnam, India, Bangladesh, Malaysia, North Africa and Indonesia is creating new opportunities. The growing world appetite for meat, milk and eggs holds great potential for U.S. grain exports.