WASHINGTON (RFD-TV) — As harvest moves forward across the country, farmers are facing mounting challenges tied to record crop yields, slowing export demand, and rising transportation and storage costs.
According to American Farm Bureau Federation (AFBF) economist Bernt Nelson, the combination of strong production and large carryover stocks continues to put pressure on commodity prices, creating uncertainty for growers looking to market their grain. He joined us on Thursday’s Market Day Report to discuss what these factors mean for U.S. agriculture as harvest continues.
In his interview with RFD-TV News, Nelson said many producers are now weighing their storage options, as bins fill up quickly after back-to-back bumper crops. The tight storage situation, coupled with expensive freight rates, is forcing some to consider alternative marketing strategies or off-farm storage—both of which can eat into profits.
While abundant supply typically benefits consumers, Nelson notes that it is contributing to softer price trends in many markets, leaving farmers hoping for stronger demand signals in the months ahead.
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UNL Animal Science Ph.D candidate Anna Kobza joined us on Tuesday’s
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China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
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Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
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Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
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The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
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