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.
Potato growers now have a fresh benchmark for comparing fertilizer, pesticide, and pest-management practices across major production states.
Alan Bjerga with the National Milk Producers Federation shares how teens are helping fuel stronger demand for traditional U.S. dairy products.
Corey Rosenbusch, President & CEO of The Fertilizer Institute, discusses fertilizer markets transparency efforts and the steps to ensure long-term stability for farmers and the ag economy.
Analysts say poor crop conditions seen on the annual Hard Red Winter Wheat Tour, combined with cheaper overseas grain supplies, are weighing on the industry as the annual tour wraps up.
Egg production accounted for much of the increase.
Farm Bureau Economist Dr. Faith Parum joins us to break down what year-round E15 passage could mean for agriculture, energy markets, and the future of renewable fuels in the United States.
