WASHINGTON (RFD-TV) — U.S. potato production in 2024 totaled 421 million hundredweight, a 4 percent decrease from the previous year, according to the latest Potatoes Annual Summary from the U.S. Department of Agriculture (USDA).
Harvested area dropped to 927,000 acres, also down 4 percent, while yields slipped to 454 hundredweight per acre, a decrease of four from 2023.
The crop’s total value in 2024 was $4.60 billion, representing an 8 percent decrease from the previous year.
Average prices fell to $11.70 per hundredweight, a decrease of $0.60 from 2023. Growers sold 390 million hundredweight, representing 93 percent of production. Sales included 269 million hundredweight to processors, 99.3 million as table stock, and 20.3 million as seed. Feed use declined sharply to 1.35 million hundredweight, a 14 percent decrease.
Shrinkage and loss declined to 26.2 million hundredweight, while growers kept 4.64 million hundredweight for on-farm use, a 20 percent drop.
Processing use reached 274 million hundredweight, a five-percent decrease from 2023, with the most significant declines in frozen products (down seven percent) and chips (down three percent). Dehydrated products held steady, while canning and other specialty uses rose.
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The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
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According to the most recent version of the Household Food Security Report for 2022-2023, food insecurity is on the rise in the U.S.
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USMEF CEO Dan Halstrom joined us on Monday’s Market Day Report for his analysis on the U.S.-Taiwan trade agreement, which includes big bucks for U.S. Beef.
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Record U.S. sorghum crop faces weak demand as China slashes imports, while corn farmers warn of rising costs, shrinking margins, and global market pressures.
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Fewer cattle on feed suggest smaller slaughter numbers this winter, which could support strong prices if beef demand holds firm.
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Dairy farmers are expected to face strong output and export gains, but lower prices and tighter margins will persist into next year.
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The USDA NASS report also confirms lower August placements.
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