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.
Avocado growers and buyers face sharp price swings when Mexican supply changes faster than alternative sources can respond.
Corn exports are strengthening the trade outlook, but lower soybean movement and weaker demand from China remain major concerns.
Higher domestic ethanol blending supports corn demand even as weekly production and export volumes decline.
Specialty crop growers should confirm eligible acreage and application access early to avoid missing available assistance.
Julia Andrus with Phospholutions joins us to discuss fertilizer market uncertainty, evolving grower strategies, and how efficiency is reshaping nutrient management decisions in modern agriculture.
RealAg Radio’s Shaun Haney discusses Canada’s record farm cash receipts, profitability trends in livestock and crops, and the impact of rising input costs in 2026.
