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Balanced Reporting. Trusted Insights.
Wednesday, September 27, 2023
Members of the Senate will begin returning to Capitol Hill for hearings this week after the August recess, while Agriculture Secretary Tom Vilsack travels to Cornell University for an agriculture seminar.
The Agriculture Department expects net farm income to decline in 2023 amid falling agriculture commodity revenues, higher production expenses and a decline in direct payments from the government.
The Food Safety Modernization Act imposed new regulations on imported fruits and vegetables but appears to have had little impact on Mexican exports to the United States, according to an analysis by USDA’s Economic Research Service.
U.S. soybean acreage has increased 18 percent – from 74 to 87 million - in the last twenty years. Soybean acreage grew at a faster rate than corn during the same period.
A new report from USDA's Economic Research Service says most consumers mistakenly assign health and environmental stewardship attributes to food labeled “natural,” putting food producers who use organic or antibiotics-free labels at a competitive disadvantage.
USDA employees rate their work experience notably higher than they did a year ago, according to an annual survey published by the Partnership for Public Service and Boston Consulting Group.
USDA’s latest farm income forecast could provide some ammunition to farm groups and their allies in Congress who argue that soaring production costs are eating into farm earnings while producers have little chance of seeing payments from commodity programs.
The Agriculture Department is forecasting that net farm income will decline sharply this year on lower revenue from crops and livestock and higher production expenses.
