More Peanuts - Corn in 2025 and Economic Concerns Growing
From the Ag Information Network, this is your Agribusiness Update.
**Georgia farmers are expected to plant more peanuts and corn in 2025, while cotton acres are forecast to decline, according to the USDA’s National Ag Statistic Service.
Peanut growers are expected to plant 950,000 acres, up 12% from 2024.
Corn is expected to see 420,000 acres this year, up 12% from last year.
Cotton growers report they’ll plant 1 million acres, down 9% from the 1.1 million acres planted the past two years.
www.morningagclips.com/ga-peanut-corn-acres-expected-to-increase-while-cotton-drops/
**A new CoBank report says rapidly worsening expectations about everything from inflation to personal income to business conditions and labor supplies are elevating economic concerns.
Questions of whether declining expectations will translate into slower spending and tightening profit margins should come into view by late June.
Uncertainty over trade and biofuel policy pulled commodity prices down last quarter despite a weaker dollar.
Trade concerns weighed heaviest on wheat as world buyers have multiple suppliers.
**The U.S. Department of Commerce intends to withdraw from the 2019 Agreement Suspending the Antidumping Investigation on Fresh Tomatoes from Mexico.
The Commerce Department says the agreement failed to protect U.S. tomato growers from unfairly priced Mexican imports.
This action will allow U.S. growers to compete fairly in the marketplace.
