ag trade

USDA is forecasting an agricultural trade deficit in 2023.  While deficits have happened in the past, the agency has never forecast one in advance until this year.  The agency says ag exports are projected to reach $190 billion next year, but imports are projected to rise to $199 billion.   Seth Meyer...

Ag Secretary Tom Vilsack said he is pleased that Alexis Taylor was finally sworn as the USDA’s Undersecretary for Trade and Foreign Agricultural Affairs.  Vilsack noted Taylor, the former Director of the Oregon Department of Agriculture, has a deep-rooted and impressive career working on matters related to agriculture, trade, and enhancing as many export opportunities as possible for America’s far

Deputy Agriculture Secretary Jewel Bronaugh will lead a trade mission to Nairobi, Kenya, and Zanzibar, Tanzania, this week.  The trip is slated to wrap up Friday November 4th.  Representatives from 32 agribusiness and farm organizations will join Bronaugh on the trip.   ...

There are a lot of things you can say about high commodity prices.  They make export values look really good, but sometimes those high prices can reduce the actual amount of product that overseas buyers are willing, or able to buy from American producers.  Th...

The USDA's current Ag export forecast for the current fiscal year, which comes to an end September 30th, calls for a record $191 billion of ag sales overseas. "Would be, if realized, an 11% over 202." So, are American producers going to hit that $191 billion mark...

In fiscal year 2021, the value of U.S. fruit and vegetable imports rose to a record level.  That record is projected to rise another 9% in FY 2022 (October–September) to $42.6 billion, according to ERS.  Import volumes are also expected to grow 3% in 2022 to 29.4 million metric tons.  T...

Earlier this month, the U.S. Census Bureau released first quarter 2022 trade data. Veronica Nigh, American Farm Bureau Federation Senior Economist, says U.S. ag exports are up nearly 13%. When inflation is taken into account, value is up 4% year over year, while volume is actually off by 4% from 2021’s numbers. Nig ...

The latest USDA Ag trade forecast points towards record exports for fiscal year 2022. Yet while there was a significant increase in exports from the previous quarterly forecast, also rising from the previous report: Ag imports. "Upward revision of imports and increase in year over year is the same countries we're talking about increasing exports, with an overall increase of both import and e

One American Farm Bureau official says the U.S. and China want to reduce or drop Trump-era tariffs on a range of goods, possibly including farm goods, but any such deal if a far way from official. AFBF Senior Director of Congressional Relations Dave Salmonsen said both sides have signaled an interest in reducing the tariffs, but there’s still a big question that must be answered, first; will the

U.S. Trade Representative Katherine Tai took on a variety of Ag-related issues, during a House Ways and Means Committee hearing Wednesday, including China, USMCA and the war in Ukraine. Tai listed administration trade wins, including in agriculture, refuting GOP criticism it hasn't been enough ...