USDA has announced an investment of $500-million in American Rescue Plan funds intended to make agricultural markets more accessible, fair, competitive, and resilient.
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.