Seth Meyer

After earning record high incomes last year, even while dealing with an 11% hike in production expenses, the nation's farmers this year could see another increase in those expenses.  ERS head Spiro Stefanou said they expect a more modest increase of as much as 4% this year.  He adde...

Many experts voiced surprise at the latest USDA winter wheat report that showed a sizeable increase in seedings nationwide.  USDA chief economist Seth Meyer said growers put in 37 million acres of winter wheat, which 11% higher than last year, and 2% greater than many had expected.  He note...

After at least five years of annual growth, the year ahead looks like one of contraction for the U.S. meat industry.  But USDA chief economist Seth Meyer was quick to point out the contraction is only occurring in one sector.   “Pork, boilers, turkey all up year over year in 2023.  But, beef producti...

Look at the USDA’s numbers, and you’ll see that 2022 was far and away a record net farm income year.  But the question on the minds of many in farm county is: will 2023 be a better year?   USDA Chief Economist Seth Meyer says the odds are against that happening for a couple of reasons.  First, as he put it, 202...

Nearly every year for the past century, or so, U.S. wheat growers have gradually reduced wheat plantings.  For example, growers cut plantings this past year by about a million acres but, perhaps that trend is turning around for 2023.   “...

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...

When Russia invaded Ukraine on February 24th of this year, ag trade was sent into a tizzy, thanks to not only the anxiety by volatility as well.  USDA chief economist Seth Meyer said the resulting high commodity prices played a part in helping raise U.S. farm i...

While we only have a few weeks remaining on the year, USDA is out with its 2022 farm income forecast.  And USDA chief economist says the latest numbers is reason for farm country to celebrate.   "Record net cash farm income the largest net farm income in decades and a lot of it on strength in prices.”   That...

In addition to American farmers earning a record high net income this year, experts say the financial health of the farm sector is better this year both from a farm debt and farm equity measure.  USDA chief economist Seth Meyer said by the time 2022 has come to a close, "Equity and assets are expected to rise she got at 4.1 and a 3.5% i...

The USDA released its new Ag trade forecast Tuesday and the main takeaway, is the revised export number.  USDA chief economist Seth Meyer said analysts were already anticipating an Ag export value decline since 2022 set a new record high for U.S. export...