Seth Meyer

Predicting farm income every year is a challenging task for a variety of reasons.  USDA Chief Economist Seth Meyer, said farm income should be strong this year despite a lot of volatility.   “When one looks at farm income and one looks at a very high scale, farm income looks pretty good. We're forecasting f...

“We’re forecasting farm income to be pretty strong at USDA”   While USDA Chief Economist Seth Meyer sounded fairly bullish this week, he noted there are underlying concerns, such as the future of commodity and input prices.  Additional concerns ...

USDA’s preliminary fiscal year 2023 trade forecast is marked by huge uncertainty, according to Chief Economist Seth Meyer.  USDA’s initial export forecast for 2023 is down roughly $2.5 billion dollars on lower volumes of beef, cotton, and sorghum, while imports are up $5 billion dollars for a new record.  But Meyer said the ...

Roughly one month remains on the Fiscal Year, and when the trading books for FY2022 close they will show a strong pace of growth when it comes to Ag exports.  USDA chief economist Seth Meyer said he expects those numbers to be very strong by the end of September.   “...

On Tuesday, we told you that farm real estate value increased across the Pacific Northwest.  It looks like the PNW was not alone in the trend higher.  The value of cropland across the United States increased 14% year-over-year.  That translates to a jump of $630 per acre from 2021 to 2022. USDA chief...

According to Federal Reserve chairman Jerome Powell, the economy's too hot, inflation too high and so in response Wednesday, the committee raised the federal fund rate by 3/4 of a percentage point.  What do those higher rates mean for farmers and traders? ...

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 ...