BUSINESS

U.S. Exports Reflect Boom In Agricultural Midwest

01/22/2011 05:12 am ET | Updated May 25, 2011

The agricultural Midwest -- particularly North and South Dakota, Kansas and Nebraska -- has been leading the U.S. economic recovery as its banks, businesses and households avoided the worst of the housing bubble's collapse and the financial crisis that followed. Now the region is getting a further boost from record exports of commodities, driven by demand in China and Russia and a declining dollar. U.S. farm shipments next year may surpass the 2008 record of $115.3 billion, Joe Glauber, the U.S. Department of Agriculture's chief economist, said last month.

Read more on bloomberg.com

Suggest a correction