Farmers and ranchers face a lot of unknowns right now. Executives at Modern Ag Alliance warn the list of challenges is growing.
They point to several issues, like the growing number of farm bankruptcies. The Farm Bureau reports 216 farms filed for Chapter 12 Bankruptcy last year, which is a 55 percent jump from 2023. An even more alarming issue they say surrounds the threat of losing glyphosate. They say it has been under attack for some time now, but remains a critical tool for farmers.
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The USDA’s August Cold Storage report shows shifting stock levels across major dairy, meat, and poultry products.
The total value of the U.S. potato crop was $4.60 billion in 2024, representing an 8% decrease from the previous year.
Crop-specific shifts and strong prices highlight the variability of this year’s fruit and tree nut harvest, according to USDA data.
The decline in production marks the second consecutive year of contraction in the U.S. turkey industry.
The USDA noted that peanut edible utilization season-to-date is down 3% on the year, despite overall stocks increasing.
“Those could’ve easily been our beans going over there. It goes to show that if that opportunity is there, China would be willing to buy.”
