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Shining Light on Farm & Food Policy for 20 Years.
Sunday, May 05, 2024
The nation’s producers are at their most optimistic since the onset of the COVID-19 pandemic earlier this year based on improved expectations for commodity prices and U.S. agricultural trade.
Producers were more optimistic about their farming operations in June after a beneficial spring planting season and the implementation of the Coronavirus Food Assistance Program.
A turbulent couple of months for meatpackers and their employees has placed a fresh focus on the industry’s capacity to process the chicken, pork and beef on American dinner plates.
Producer optimism increased in May, according to a survey conducted the same week USDA released details about the $16 billion in direct payments through the Coronavirus Food Assistance Program.
A measure of the state of farm country dropped for the second month in a row, “effectively wiping out the improvement in sentiment that took place following the 2016 election.”
Pork producers across the country are struggling to find a place to take weaned piglets from finishing hogs as processing plants slow or shut down because employees have tested positive for COVID-19.
A measurement of producer optimism set a record in February, eclipsing the old record set only one month earlier, but a survey to determine that measurement occurred before some key events last month.