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Shining Light on Farm & Food Policy for 20 Years.
Friday, April 19, 2024
A new report from the Agriculture Department’s Economic Research Service projects the nation’s pork producers could soon be sending more product overseas than their poultry counterparts.
The USDA’s Economic Research Service on Thursday lowered its forecast for U.S. agricultural exports in fiscal year 2024 to $169.5 billion. That’s down $2.5 billion from USDA’s previous forecast in August and down $9.2 billion from exports in FY 2023.
An Agriculture Department letter warning the largest makers of corn, soybean and cotton seeds to double-check their compliance with labeling requirements is being welcomed by some groups as a step toward the agency’s goal for a fairer seed marketplace, while others would rather see the agency tackling other seed competition issues.
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.
USDA has cut its forecast for the value of U.S. ag exports in fiscal year 2023 to $181 billion, a $3.5 billion reduction from the agency’s February prediction of $184.5 billion.
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.
U.S. farmers are going to be producing and exporting a lot more grain and oilseeds for their respective 2023-24 marketing years, according to new forecasts released Thursday at USDA’s annual Agricultural Outlook Forum.
The Agriculture Department reduced its fiscal 2023 forecast for U.S. ag exports to $190 billion, a $3.5 billion drop from the agency’s last estimate in August, largely reflecting weaker expectations for soybean sales.
