U.S. farm exports hit third-highest level on record

American agricultural exports totaled $140.5 billion in the 2017 fiscal year, increasing more than $10 billion from the previous year to the third-highest level on record.

U.S. Secretary of Agriculture Sonny Perdue said the U.S. agricultural sector also saw growth in its annual trade surplus, which reached $21.3 billion, compared to last year's $16.6 billion.

The release said China finished the fiscal year as the United States' largest export customer with $22 billion worth of shipments, followed by Canada at $20.4 billion. Exports to Mexico increased 6-percent to $18.6 billion and Japan grew 12 percent to $11.8 billion.

Dairy, beef, pork and horticultural product exports all experienced growth, as well, according to the release.