According to the Farm Credit Administration’s quarterly report on economic issues, record agricultural exports are contributing to favorable economic conditions for the U.S. farm sector
While the volume of ag exports is projected to expand from 2021-30, U.S. exports of major crop and livestock commodities are also expected to face stiff competition from other exporters.
The USDA estimates China will import 24 Million Metric Tons of corn from all over the world this year, with some forecasting it could even exceed 30-million.
Futures prices for wheat, corn, and soy have been trending upward since August. The 6-month trend of rising prices accelerated in the first weeks of 2021.
In a letter to the USDA and DHHS, the American Dairy Coalition is requesting they look into concerns farmers have with the new Dietary Guidelines for America.
USDA estimates that U.S. growers will plant 97 million acres of corn this spring, an 8% increase over 2019, but sharp declines in ethanol production make it doubtful.
**Farmers can expect a cash injection of billions of dollars in Trump tariff payments later this month or in December.
Ag Secretary Sonny Perdue tells agriculture.com, “We hope that trade will supplant the need for aid in 2020,” pointing to progress in negotiations to resolve the U...