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Reducing Heat Impacts and Ag Trade Deficit Higher
The Agribusiness Update
California farmers are working to reduce impacts of summer heat that’s increased their costs and jeopardized production, and the agricultural trade deficit, the value of exports versus imports, increased in the first eight months of the fiscal year.
Complex Competition Issues and Grain Council Report Down
The Agribusiness Update
The USDA announced the next steps in addressing the complex competition issues in ag markets and creating a fairer playing field for poultry growers and farmers, and the International Grains Council released its Market Report that shows a reduction in the forecast for world grains production.
Dairy Cow Testing Numbers and Ag Trade Deficit Forecast Higher
The Agribusiness Update
Federal authorities have conducted tests on beef tissue from 96 cull dairy cows with 95 testing negative, and the U.S. ag trade deficit is projected to increase again to $32 billion, a $1.5 billion increase from February’s projection.
Regenerative Cotton Fund and Ag Trade Deficit Forecast Higher
The Agribusiness Update
A nationwide partnership led by the Soil Health Institute’s Regenerative Cotton Fund is creating opportunities for sustainable cotton farming, and the U.S. ag trade deficit is projected to increase again to $32 billion, a $1.5 billion increase from February’s projection.
USDA Wildfire Funding and Vilsack on Organic Production
The Agribusiness Update
Deputy USDA Secretary Xochitl Torres Small announced $250 million is available to help protect at-risk communities from catastrophic wildfires, and Ag Secretary Tom Vilsack announced new programs and funding to expand organic markets and the transition to organic production.
Reducing Walnut Rancidity So Consumers Can Enjoy Eating the Product
California Tree Nut Report
Organic Impact on Conventional Pesticides and Injunction Over Disaster Relief
The Agribusiness Update
California researchers found organic agriculture can increase pesticide use on nearby conventionally farmed fields, and the USDA’s Forest Service is issuing more than $232 million to the Secure Rural Schools Program.
Farmers Understand Sustainability and Tractor Sales Mixed
The Agribusiness Update
McKinsey and Company research reveals that a vast majority of American farmers have an understanding of sustainable farming and a willingness to adopt the practices, and for the second straight month, unit sales of 100-plus horsepower ag tractors increased in the U.S.
California Snowpack & Reservoirs Improved and Gas Prices Up Again
The Agribusiness Update
California’s snowpack has reached 110% of its seasonal average, up from 28% of average on January 1, and gas prices resumed their climb, rising 6.5 cents compared to a week ago at $3.57 per gallon.
California Snowpack & Reservoirs Improved and Gas Prices Up Again
The Agribusiness Update
California’s snowpack has reached 110% of its seasonal average, up from 28% of average on January 1, and gas prices resumed their climb, rising 6.5 cents compared to a week ago at $3.57 per gallon.
Georgia Forestry Revenue Up and Gas Prices Up Again
The Agribusiness Update
For the 13th consecutive year, a Georgia Institute of Technology study shows an increase in revenue generated by Georgia’s forest industry, and gas prices resumed their climb, rising 6.5 cents compared to a week ago at $3.57 per gallon.
Ag Loan Demand Up and NCBA Applauds Paraguayan Beef Ban
The Agribusiness Update
Agricultural loan demand increased in 2023, and agricultural lending by U.S. farm banks grew 6.7%, and the National Cattlemen’s Beef Association thanked the Senate for passing a resolution to block beef imports from Paraguay.
Ag Loan Demand Up and NCBA Applauds Paraguayan Beef Ban
The Agribusiness Update
Agricultural loan demand increased in 2023, and agricultural lending by U.S. farm banks grew 6.7%, and the National Cattlemen’s Beef Association thanked the Senate for passing a resolution to block beef imports from Paraguay.
California Planting Decisions and U.S. Ag Imports Outpace Exports
The Agribusiness Update
Falling commodity prices, rising production costs and water uncertainty are some of the factors weighing on planting decisions for California farmers this year, and the USDA reports U.S. ag IMPORTS exceeded exports by $16.6 billion in 2023.
American Peanut Council in South Korea and U.S. Ag Imports Outpace Exports
The Agribusiness Update
The American Peanut Council is in South Korea this week as part of the USDA’s agribusiness trade mission, and the USDA reports U.S. ag IMPORTS exceeded exports by $16.6 billion in 2023.
Processing Tomato Acreage Down and Trade Mission to South Korea
The Agribusiness Update
California farmers are scaling down their processing tomato acreage this year with boosted inventory, and representatives from 49 U.S. organizations will join the USDA’s agribusiness trade mission to Seoul, South Korea.
Georgia Farm Bureau Farm Passport and Trade Mission to South Korea
The Agribusiness Update
2024 Georgia Farm Bureau Farm Passport, and representatives from 49 U.S. organizations will join the USDA’s agribusiness trade mission to Seoul, South Korea.
Product of USA Label Final Rule and Drought Impact on U.S. Cattle Herd
The Agribusiness Update
Ag Secretary Tom Vilsack announced the finalization of a rule to align the voluntary “Product of USA” label claim, and new data from USDA Economic Research Service shows changes in drought conditions impact the size of the U.S. beef cattle herd.
