IARN — When we look at the global economy, there is plenty to be concerned with. What are consumers going to spend money on? Where are they going to cut back? There’s a lot to weigh in uncertain times.
We may see things like cars, consumer electronics, and even home sales dwindle in an economic slowdown. However, the one thing we have to remember is that no matter how challenging things get, we still need food and fuel. U.S. soybeans more than provide products that fill those needs around the globe.
Jim Sutter is with the U.S. Soybean Export Council (USSEC) and he talks about what we saw come out of the end of the 2022 fiscal year and the beginning of FY 2023. He talks about the record values our soybean exports brought in this past year.
For more on this story, visit the Iowa Agribusiness Radio Network.
Pictured: Southwest Iowa soybean field. (IARN STOCK PHOTO)
