AFBF: Farm Economy Shows Signs Of Improvement

2021 is starting off with some bright spots for farm country, which has led to some early year optimism for the Ag economy. American Farm Bureau Federation Chief Economist John Newton said trade with China is certainly a highlight. “Recently released data from the U.S. Census Bureau show that preliminary exports to China during November […]

USDA: No Stone Left Unturned When It Comes To Trade Markets

While much of the attention of the farm community, and the world really, was on coronavirus, trade took place over the past year. And specifically Ag trade. Much of that focus over the past 12 months was on new trade agreements between the U.S. and major export customers such as Mexico, Canada, Japan and China. […]

Wheat Export Pace Remains Strong

Seven months into the 2020-2021 marketing year, USDA forecasts total wheat exports will reach 26.8 million metric tons which, if realized, would be 2% higher than the previous year. USWheat.org says that number would also be 7% higher than the five-year average. As of December 24, U.S wheat commercial sales were 9% ahead of last […]

New COVID Regulations In China Has Slowed Meat Imports

Increased coronavirus testing of imported meat and poultry is having a big impact on product bound for China. Since summer 2020, following outbreaks at wholesale food markets, China has been swab testing imported meat, often focusing on packaging. At first the tests only occurred at the ports, and on a sample basis. But as the […]

While Short Of Expectations, USDA Encouraged About Phase One

“I believe it will be a real bonanza for America’s farmers, ranchers, and producers,” Ag Secretary Sonny Perdue said back in January 2020, at the signing of the Phase One trade agreement with China. Under that agreement, China agreed to purchase roughly $34 billion dollars worth of American  Ag products during the first year of […]

AgFunder: 2020 Investors Sought Ecommerce, Tech

The COVID-19 pandemic caused a variety of challenges for the food supply chain in 2020, but also many opportunities. AgFunder, a venture capital firm investing in agriculture, analyzed the 2020 startup and tech funding trends. Last year, COVID-19 increased the online grocery category as consumers were forced in many cases to turn to online shopping […]

China will Miss Phase One Buying Deadline

China is a long way from meeting the commitments in its trade deal with the U.S. According to calculations made by Bloomberg, in the first 11 months of the year, China imported just over half the goods it promised to buy from the United States in the Phase One Trade Agreement; the 2020 target was […]

Over 25 Years, Ag Export Destinations Shift

The face of Ag trade in the U.S., and where American goods land have changed considerably over a quarter of a century. The United States is the world’s second-largest agricultural trader, trailing only the European Union. American ag exports grew significantly over the last 25 years, from $46.1 billion in 1994 to $126.7 billion in […]

Poultry Industry Facing a Tough Year in 2021

Like many sectors of agriculture in 2020, COVID-19 caused a big disruption to the poultry industry. Unfortunately, RaboResearch said the global poultry industry will face even more challenges in 2021, especially in the first half of the year. That according to new data in the RaboResearch 2021 Poultry Quarterly. COVID-19 will place continuing pressure on […]