Yesterday Agriculture Secretary Tom Vilsack announced the allocation of $234.5 million to 70 U.S. trade organizations to help promote American food and agricultural products overseas.

"In today's highly competitive international markets, we must provide our exporters with the resources they need to compete overseas during the 21st century," says Vilsack. "When you consider the current global financial crisis, increasing production in key competitor countries and aggressive use of export promotion tools by our competitors, USDA's market development programs are more important than ever."

The funding announced today was allocated under the Market Access Program and the Foreign Market Development Cooperator Program, both administered by USDA's Foreign Agricultural Service.

More information.

Source: USDA