Georgia Gains for Corn-Peanuts-Soy and Ag Trade Deficit Record High
From the Ag Information Network, this is your Agribusiness Update.
**Georgia farmers are forecast for a massive gain in corn production and more modest increases in peanuts and soybeans.
According to the USDA’s National Ag Statistics Service, Georgia corn growers are forecast to produce 86.8 million bushels in 2025, an increase of 74.1% over 2024.
The state’s peanut crop is expected to grow by 429 million pounds, an increase of 13.4%.
Georgia soybeans are forecast at 8.36 million bushels, up 9%.
www.gfb.org/news/ag-news/post/georgia-corn-soybean-peanut-crops-forecast-for-gains-in-2025
**The U.S. ag trade deficit hit a record high in the first half of this year.
Bloomberg says the value of agricultural exports trailed that of imports by $4.1 billion in June, 14% wider than a year earlier, pushing the ag sector’s deficit to a staggering $28.6 billion.
AgWeb says the ag trade deficit is one of the main reasons President Trump gave for imposing tariffs and working on new trade deals.
**U.S. retail sales of potatoes remained strong from July of last year thru June, with total volume increasing 2.3%, reflecting sustained consumer demand for this versatile, nutrient-dense vegetable.
According to www.morningagclips.com, volume sales were 13% higher than the same period in 2018 and 19, indicating greater demand than before the pandemic.
Dollar sales remained stable, dipping just 0.5% to $19.86 billion.
Sales volume increases were driven by fresh (2.6%), and frozen (3.7%).
www.morningagclips.com/potato-retail-sales-volume-grows-2-3-july-2024-june-2025/
