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| Strong
dollar helps food imports climb In the second half of the 1990s, Americans increased the proportion of imported foods they consumed. Imports as a share of food consumption climbed to an average
9 percent annually in 1996-2000, up from 7.6 percent in the two decades before
1996. The rise is attributed partly to greater demand for high-value agricultural
products that other countries offer, and partly to the higher exchange rate
of the U.S. dollar, which increases the purchasing power of the dollar. By
2000, the inflation-adjusted value of the dollar, compared with the currencies
of countries who import U.S. foods, was 21 percent higher than in 1995. Horticultural exports, imports
increase Key factors behind the rise in imports include: the relatively open U.S. import regime (U.S. bound agricultural tariffs average 12 percent compared with the global bound average of 62 percent); the strong dollar which has made imported products relatively less expensive; the growth in the U.S. population from about 253 million in 1991 to 280 million in 2001; the rise in the U.S. GDP per capita from $24,000 in 1991 to about $35,000 in 2001; and total per capita consumption of fruits and vegetable rose 19 percent from 1982 to 1997. Key factors limiting export growth: The strong dollar has
hindered U.S. competitiveness abroad; many countries continue to maintain
restrictive market access policies, primarily in the form of high tariffs;
increased competition, as some countries, such as those in the European Union,
has raised levels of horticultural production by providing direct and indirect
subsidies and other assistance; and economic slowdown in key consuming countries,
such as Japan. PETA: Eat road kill,
not meat With this in mind, PETA sponsored a road kill barbecue in
Lubbock last week. Sources have revealed that tofu was served at the cookout
rather than various flattened vermin. "We wanted them to try an alternative
to meat," said a PETA spokesperson. "But if we told them it was
tofu, most self-respecting Texans wouldn't touch it with a 10-foot pole."
Meat production to
show increase |
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