Expanding Agricultural Exports Act of 2023

This bill increases funding for two key U.S. agricultural export promotion programs. It raises the annual budget for the Market Access Program from $200 million to $400 million and for the Foreign Market Development Cooperator Program from $34.5 million to $69 million, extending these funding levels through 2029 (previously capped at 2023). The bill directly affects U.S. agricultural producers and exporters, including those growing commodities like soybeans, beef, dairy, and wheat, by providing more resources to access international markets. These changes aim to counter competitive disadvantages from foreign competitors and address years of stagnant funding adjusted for inflation.