House subcommittee examines market development programsBy: High Plains/Midwest Ag Journal - March 20, 2017
Gary Williams, Ph.D., professor of agricultural economics and co-director of the Food, Agribusiness and Consumer Economics Research Center at Texas A&M University, was the lead witness at the hearing, telling the subcommittee that “USDA Export Market Development Programs … have worked consistently and effectively over 50 years to bolster the profitability and viability of not only production agriculture, but the broader U.S. economy as well.”
Williams discussed how he and his team at TAMU did a critical analysis of the public-private partnership to promote U.S. agricultural exports under the Market Access Program and the Foreign Market Development program has been and continues to be a highly successful and cost-effective means of strengthening the profitability and maintaining the viability of the U.S. farm economy.
“The USDA Export Market Development Programs are clearly pro-growth for the entire U.S. economy,” Williams said. “The benefits of export promotion to the farm economy multiply through the economy adding importantly to our national output, GDP, labor income and level of employment.”
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