Seth Meyer

What will be the effects of higher interest rates be on farmers and the agriculture industry? "I'm almost gun-shy of making strong predictions in the environment we've been in, in the last couple years." But USDA Chief Economist, Seth Meyer, said classic economics would say that normally: "Rising interest rates in the United States strengthens the dollar, makes us a little less expo

What will be the effects of higher interest rates on farmers and agriculture? "I'm almost gun-shy of making strong predictions in the environment we've been in, in the last couple years," noted USDA Chief economist Seth Meyer.  But he went add, "Rising interest rates in the United States strengthens the dollar, makes us a little less export competitive." ...

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

Projected US Ag trade continues to reach record numbers. USDA Chief Economist Seth Meyer said the 2nd quarter trade forecast indicates: "The current year we're in now: exports estimated at a record $191 billion." Up by $7.5 billion from February's estimate, fueled by across-the-board rises in exported commodities ...

With May as the month of USDA's first look at it's new crop year in it's supply and demand estimates, April was focused on revision of the current marketing year. Based on new data, such as the most recent quarterly grade stocks report. "A lot of the market is paying a lot attention to a perspective planting, so the planting intentions for the coming season," said USDA Chief Economist S

The USDA's prospective plantings report shows a lot of things going on in the wheat world. In the case of winter wheat, just not really prospective plantings at all, since that crop has been in the ground since last fall. But until this last year winter wheat seedings have been declining pretty much every year for decades; down to record lows ...

According to USDA Chief Economist Seth Meyer, the 2022 Agricultural outlook is strong, but with uncertainties in eastern Europe and South America. He recently told the 98th Annual Ag Outlook Forum that domestic demand is solid, and exports are strong, pointing to record exports over the past calendar year ...

When looking at the beef cattle business, USDA Outlook Chairman Mark Jekanowski expects a tightening of the U.S. cattle supply for the rest of this year. He noted the industry is in the midst of a decline in cattle numbers that will lead to beef production dropping by well over a half billion pounds compared to 2021's numbers ...

This is the USDA's 98th year hosting the annual Agricultural Outlook Forum. "We will obviously talk about current market conditions, livestock, dairy, poultry, grains, oil seeds," said USDA chief economist Seth Meyer. "All the important factors in here ...

The USDA's top economist says the financial health of the farm sector is good, but the direction it's going is a bit worrisome. USDA Chief Economist Seth Meyer said as he looks ahead he's concerned that farm sector debt continues to climb faster than farm assets ...