Increased Dollar Exports in Fiscal Year 1965-66 Bring U.S. Exports of Farm Products to Record Level for Third Consecutive Year

Excerpts from the report: U.S. agricultural exports rose nearly $600 million to a record $6,681 million in July-June 1965-66. U.S. exports of farm products averaged $3,8 billion in the five-year period, 1954-55 through 1958-59. During the next five years (1959-60 -- 1963-64), they averaged $5.2 billion, with a high of $6.1 billion in 1963-64. Exports in 1964-65 remained at substantially the same level. The 10 percent rise in 1965-66 brought them close to a $7 billion total. The continued high level of economic activity in the leading industrialized countries, with consequent increases in disposable incomes, has led to a strong demand for a number of U.S. farm products, notably feed grains and soybeans and products, in recent years. Exports for dollars advanced $662 million to $5,066 million in 1965-66 while shipments under Government-financed programs fell $78 million to $1,615 million from a year earlier. A rise of $373 million in shipments of feed grains contributed most to the rise in dollar exports. Dollar exports of wheat and flour rose $210 million and oilseeds and products advanced $125 million. Major declines took place in dollar shipments of cotton, tobacco, and dairy products