Robb Johansson

"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 the agreement. Bu ...

With the end of 2020, farmers net income is expected to be up almost $120 billion dollars. A year over year increase of $36 billion. But, the news isn't all good. "I think it's clear that 2021 is going to see a much lower farm income than 2020," said USDA Chief Economist, Robb Johannson ...

USDA released an updated trade forecast last week, and the projection is agricultural exports this fiscal year for most products down from their last forecast three months ago, but they are still higher than last year. "U.S. exports of agricultural products are estimated for fiscal 2020 at $136 ...

As we told you earlier this week, the USDA is expecting Ag exports to rebound this year.   “U.S. Ag exports are forecast at $139.5 billion, that's up 4 billion from last year,” said USDA Chief Economist Rob Johansson.  “China we're forecasting right now at $14; up billion up from $10 billion last year. However, that forecast wa...

The USDA’s top economist predicted agricultural trade will return to normal this year.  USDA Chief Economist Robb Johansson said farm exports to China will rise from $10 billion last year to $14 billion in 2020.  That “slight” $4 billion jump doesn’t quite add up to the $40 billion in U.S. Ag products that China committ...

Lost in all the excitement about the U.S. and China signing a Phase One trade agreement as well as the upcoming senate vote on USMCA is another trade agreement that President Trump calls, "A game changer for American farmers and ranchers...

Farmers this year and for several years could face continued low commodity prices and rising debt loads.  USDA chief economist Rob Johannson at the recent Ag Outlook Forum said low commodity prices will weigh on farm income for the foreseeable future.  An...

The USDA projects a $1.9 billion drop in exports this year, led by a decline in trade with China.  While talks remain ongoing between China and the United States, USDA during its 95th annual Agricultural Outlook Forum Thursday predicted 2019 fiscal year exports at $141.5 billion...

The USDA has finally released it's first look at the winter wheat plantings.  Those figures were delayed because of the government shutdown.   "We do see winter wheat planted acres coming in at 31.3 million acres, down 4% year-over-year,” according to USDA Chief Economist Robb Johannson.  “That was mos...

We're getting ready for the USDA's 2019 Agricultural Outlook Forum, coming up next month.   "Growing locally, selling globally. And growing locally is a play on words meant to encompass any number of things, including rural development as well as production, and then selling it abroad." ...