Farm Bankruptcy Higher and USDA Combats Foodborne Illness
From the Ag Information Network, this is your Agribusiness Update.
**More U.S. farms filed for bankruptcy in the first three months of 2025 than during the entire 2024 calendar year.
New research from University of Arkansas Extension Economist Ryan Loy shows that the 259 filings in the first three months of 2025 are the most since 2021.
Loy says we’ve already beaten last year in the first three months of this year.
Contributing factors include commodity prices back to 2018-19 levels.
**Ag Secretary Brooke Rollins announced plans to boost USDA’s efforts combatting foodborne illness.
The National Chicken Council’s Dr. Ashley Peterson says chicken producers appreciate USDA’s common sense, science-based approach to food safety.
NCC also applauded USDA’s withdrawal of the proposed Salmonella regulations introduced by the Biden administration.
Peterson says it would have had no meaningful impact on public health, led to extraordinary food waste, and increased costs for consumers and producers.
**The USDA’s Economic Research Service says U.S. corn exports have continued at a rapid pace and support a 100 million bushel month-to-month increase for the 2024-25 marketing year, raising the forecast to a record-high 2.75 billion bushels.
If realized, corn exports will exceed the 2023-24 estimate by almost 22%.
Elevated corn exports are supported by sizable growth in shipments to South Korea, Mexico, and Spain, and a significant surge in demand from China.
