Agricultural products is wheat. Wheat is a popular item used worldwide, and as a result, the U.S. has lost some of its share of the wheat market over the years.
At the beginning of this century, the US portion of worldwide wheat exports were 25%, but by 2016/2017, they had dropped to about 15%.
Examples of agricultural products in the “wheat” category include:
- Hard red winter
- Soft red winter
- Hard red spring
- White wheat
- Durum wheat
The agricultural wheat products also create by-products, like bran or shorts, often used for livestock feed.
In 2019, the United States created 1.92 billion bushels of wheat, a slight increase in agricultural wheat production over the last two years.
In all the agricultural crops within the United States, wheat is the third most planted in terms of acreage and receipts.
Read more at AdvisoryHQ: https://www.advisoryhq.com/articles/major-agricultural-products/
