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.
For agriculture, the meeting is seen as a potential turning point, with markets watching closely for any signals on trade, exports, and future purchasing commitments.
March 26, 2026 11:16 AM
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Tight red meat supplies continue supporting livestock markets.
March 26, 2026 10:50 AM
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Higher machinery costs are raising per-acre production expenses.
March 26, 2026 10:34 AM
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Experts warn pests could reduce yields and raise costs for producers
March 25, 2026 04:43 PM
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ASFMRA’s Tony Toso joins us with an update on California farmland values, ongoing market uncertainty, and key discussions shaping agriculture in the Golden State.
March 25, 2026 03:57 PM
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Citrus production depends heavily on reliable irrigation, making water shortages a critical issue for South Texas growers moving forward.
March 25, 2026 01:47 PM
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