Overview
- The United States is a major wheat-producing country, with output typically exceeded only by China, the European Union, and India.
- Wheat ranks third among U.S. field crops in both planted acreage and gross farm receipts, behind corn and soybeans.
- U.S. wheat harvested area has dropped off nearly 30 million acres, or nearly one-third, from its peak in 1981 because of declining returns compared with other crops and changes in government programs that allow farmers more planting flexibility.
- About half of the U.S. wheat crop is exported.
- Despite rising global wheat trade, the U.S. share of the world wheat market has eroded in the past two decades.
ERS analyzes events in the domestic and global wheat markets that influence supply, demand, trade, and prices.
Highlights
USDA Wheat Long-Term Projections, 2011-20 (April 2011)
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