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Shining Light on Farm & Food Policy for 20 Years.
Sunday, March 30, 2025
Global demand requires that the world add more than 20 million acres to crop production over the next five years, agricultural economist Dan Basse told attendees of the American Seed Trade Association’s annual field crop convention in Orlando Wednesday.
U.S. soybean meal exports are set to reach 13.2 million tons in marketing year 2022/23, valued at almost $7 billion, but government analysts anticipate the next marketing year could produce an even higher total.
Higher margins in its ag services and oilseeds business helped push ADM to an operating profit of about $6.5 billion for its fiscal year 2022, an increase of 41% over 2021.