ag trade

The USDA will lead a high-impact trade mission to Peru June 9th-12th, aimed at expanding market access and boosting U.S. agricultural exports to help address a $3.66 billion trade deficit with Peru.  The delegation includes more than 50 agribusinesses, trade organizations, and representatives from five state departments of agriculture working to strengthen economic ties.  ...

According to the latest Purdue University/CME Group Ag Economy Barometer, farmer sentiment reached a four-year high in May.  Purdue University’s James Mintert said the Barometer rose 10 points to a reading of 158.   “That's the highest barometer reading we've received since May of 2021," Mintert pointed out.  "The Current Condition Index ...

Ag Secretary Brooke Rollins will visit Rome, Italy, Monday and Tuesday.  During her visit, Rollins will reinforce the Administration’s expectations for improved agricultural market access to Italy and the European Union and will encourage the United Nations organizations in Rome to prioritize American interests, reduce costs, and focus on their core mandates.  Rollins will ...

The President of Taiwan has pledged to purchase more American goods, including natural gas and oil, as the self-governing island looks for closer relations with the U.S.  Other purchases from the U.S. could include weapons and agricultural goods.  Taiwan ...

USDA reported an increase in American farm exports in the month of March.   “Ag exports were at 16.1 billion, which is 3% above last year and 18% above February,”  said Ag economist James Kaufman, citing the latest USDA trade outlook.   He noted, in addi...

“It's just been a deal that was we thought, very complicated. It became very simple," President Donald Trump said Thursday at the White House, announcing the U.S./United Kingdom trade agreement-in-principle.  "It's opening up the country that we really didn't have the kind of access to that I would have thought; I was surprised. I think i...

Farmer sentiment improved last month as the Purdue University-CME Group Ag Economy Barometer climbed eight points in April to a reading of 148.  The improvement in farmers’ sentiment was bolstered by increases in both the Index of Current Conditions, which rose nine points to 141, and the Index of Future Expectations, which rose eight points to 152.  Dr. Michael L...

The National Milk Producers Federation, the U.S. Dairy Export Council, and the Indonesian Chamber of Commerce signed an MOU to deepen cooperation between the U.S. and Indonesian dairy industries.  The Memorandum of Understanding outlines a framework for collaboration to support enhanced dairy trade, strengthen commercial cooperation, and bolster public nutrition through promoting greater consumpti

Farmer sentiment drifted lower in December as the Purdue University/CME Group Ag Economy Barometer dropped 9 points to a reading of 136.   The decline was driven by producers’ weaker perspective on current conditions in U.S. agriculture and their farms, with the Index of Current Conditions falling 13 points to 100.  Although the ...

The USDA is projecting another record Ag trade deficit this fiscal year as imports surge and exports lag.  USDA Chief Economist Seth Meyer says this is the 3rd year of this current trend.   “From ’23 to ’24, we saw more than a 10-billion-dollar year-over-year increase. This year, we’re looking at som...