Low commodity prices are dealing another blow to the ag trade deficit. USDA is now preparing for the third straight year of losses.
The Department expects the ag trade deficit to hit $42.5 billion when the fiscal year starts October 1st, which is a drop of $4 billion from this year, and marks the third straight year of declines since hitting a record low in 2022. Ag imports are expected to increase by around $8 billion.
The economy is tightening its grip on the ag industry. The Chicago Fed says farmland values are slowing in their district, and credit challenges are starting to appear. Fed policy advisers say repayment rates are also starting to slow.
Despite the challenges, they say farm balance sheets have been strong overall, even with less working capital.
A proposed battery storage facility in Wheatland, Wisconsin, is raising questions about farmland, local control, and the state approval process.
ASA President Scott Metzger says soybean growers remain focused on trade, the Farm Bill, renewable fuels, and market stability as Congress weighs additional assistance for farmers and export opportunities.
RealAg Radio host Shaun Haney discusses what the exemptions could mean for U.S. agriculture and global trade.
The Public Lands Council says the decision restores grazing access while protecting special areas.
CoBank economist Billy Roberts explains how higher grocery prices are changing consumer buying habits, driving demand for private-label products, discount retailers, and value-focused shopping.
Chip Nellinger says trade developments, growing beef supplies and investor activity are all contributing to the recent pullback in cattle prices.
