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.
Strong corn exports offer support, while soybeans and wheat remain weighed down by ample global supplies, according to the USDA’s latest WASDE report for February.
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RealAg Radio host Sean Haney outlines the Trump Administration’s current trade priorities and what meaningful market expansion looks like for farmers.
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Bankruptcy filings reflect prolonged margin pressure, rising debt, and limited financial flexibility across farm country. Bigger operating loans are helping farms manage costs, but they also signal growing reliance on borrowed capital.
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USDA’s February WASDE report, analysts expect minimal price movement as grain stocks remain steady. Traders weigh renewed Chinese soybean purchases, South American weather, acreage shifts, and upcoming USMCA trade talks.
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