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.
AgriSompo’s Brooks York discusses price protection levels, recent market declines, and risk management strategies for producers.
Illinois Pork Producers Association’s Jennifer Tirey recaps the World Pork Expo, key issues facing pork producers, and efforts to restore pork options in Chicago Public Schools.
CoBank economist Brian Earnest joins us to discuss the rapid growth of the meat snack category, shifting consumer protein demand, and how food companies are adapting to a changing retail landscape.
RealAg Radio’s Shaun Haney discusses the next generation of Canadian agricultural policy, producer priorities, concerns surrounding risk management programs, and what the framework could mean for agriculture on both sides of the border.
Corn ethanol demand and stronger oilseed processing continue supporting domestic markets for crop producers.
Farms should identify key roles and begin leadership succession planning well ahead of any transitions—expected or unexpected.
