“The U.S. consumer pulled the world economy for years,” said Walter Kemmsies, chief economist at Moffatt & Nichol engineers. “Now it’s the rest of the world’s turn. The U.S. has to export more,” he told the annual conference of the Agriculture Transportation Coalition in San Francisco.
The containerization of grains and other food products will enhance the ability of U.S. farmers to move their products by rail to the coasts and by vessel to developing nations. “Developing nations will take our exports in containers,” he said.