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U.S. Wine Sales Slow and Net Cash Farm Income Down
The Agribusiness Update
U.S. and foreign winemakers are struggling to sell their product, and leaders are increasingly focused on anti-alcohol messaging, and USDA’s Economic Research Service forecasts U.S. net cash farm income will decrease 25.8% in 2024.
USDA Funding for Florida and Net Cash Farm Income Down
The Agribusiness Update
The USDA is allocating more than $5 million to Florida as part of a nationwide effort to strengthen the country’s infrastructure for pest detection as well as the nursery system, and USDA’s Economic Research Service forecasts U.S. net cash farm income will decrease 25.8% in 2024.
Georgia 4-H'ers at National Summit and New ASF Cases in China
The Agribusiness Update
Seven Georgia 4-H'ers participate in the National 4-H Summit, and New African Swine Fever cases in China.
China & More Trade Talks and USDA's Unfulfilled Pork Purchase
The Agribusiness Update
China isn't the only trade deal the U.S. is working on, and USDA has yet to make good on promise to buy $1.2-billion worth of food from American pork, beef, and produce farmers.