USDA Focused On Reducing The Trade Deficit
The numbers from USDA's most recent quarterly Ag trade outlook reveal a reduction in the projected Ag trade deficit.
trade surplus
U.S. Headed Toward Record Ag Trade Deficit
The U.S. agricultural trade deficit is widening in 2025, driven by shifting global trade dynamics and rising import demand. USDA’s Outlook for U.S. Agricultural Trade report provides projections for exports and imports, offering insight into current trade trends. From January through April, ...
How Trump's Team Used Trade Deficits to Calculate Tariff Rates
President Trump’s administration calculated its raft of new tariffs primarily based on existing trade balances — a departure from pledges to match the tariff rates and other trade barriers from other countries. In a statement published last week to explain its methodology for tariffs that rocked the globe, the United States Trade Representative detailed a formula that divides a country’s trade su
U.S. Ag Exports Expected To Pass Forecast
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...
USDA: June Trade Numbers Record Setting, But U.S. Continues Defic
The latest complete Ag trade numbers, which come from June, show the United States had a good export sales month. USDA Economist Bart Kenner said export dollar value was very solid.
"Agricultural exports for June '22, were $16.2 billion which was a 24% increase over June '21."
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Trade Update Shows Rising U.S. Export
On the trade front, the USDA is out with the latest numbers for the first eleven months of calendar year 2021.
"Agricultural exports through November of 2021 were $160.6 billion; a 20% increase from 2020," noted USDA economist, Bart Kenner, adding for the first eleven months of last year, wheat exports were running 16% ahead of the same time frame in 2020, and even more impressive:
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FY21 A Good One For Ag Exports
The USDA now has all of the trade numbers from Fiscal Year 2021. As the books closed at the end of September, numbers showed the U.S. exported just over $172 billion worth of Ag products. That's $32.5 billion more than in 2020.
"A good increase and far and away a record," noted USDA economist and trade tracker, Bart Kenner
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Ag Trade Deficit Climbing, Says USDA
You may have heard that the United States racked up a record trade deficit in June. The U.S. purchased $75.7 billion more than was sold. It was the same general pattern when you look at food and agricultural products.
"Another record month for agricultural imports," noted USDA Economist, Bart Kenner
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Senate Ag Committee Plans Moffitt Nomination Hearing
On Thursday, the Senate Agriculture Consider will consider the nomination of Jennifer Moffitt to a Department of Agriculture post. President Joe Biden nominated Moffit as undersecretary for Marketing and Regulatory Programs at USDA. Committee Chair Debbie Stabenow and Ranking Member John Boozman announced the hearing, set for Thursday morning
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China’s Protein Demand Could Benefit U.S. Producers
A significant international development that could have a big impact on American farmers is China's strong demand for protein.
Fred Gale, with USDA's ERS, said importing meat to China has kind of taken everyone by surprise.
"Back in 2010 we projected that China would be importing roughly one million tons of meat by now. An
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