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Shining Light on Farm & Food Policy for 20 Years.
Monday, December 23, 2024
USDA’s latest forecast for farm earnings estimates that net farm income will be down 6.3% this year to $140.7 billion, when adjusted for inflation. USDA estimates net cash farm income will be 3.5% lower this year at $158.8 billion.
The Agriculture Department projects that the U.S. agricultural trade deficit will widen this fiscal year to $45.5 billion, an increase on the previous estimate as imports grow faster than expected.
Food insecurity in Cuba is growing even as its crop production has steadily declined, due in part to hurricanes, flooding and drought, making the country more reliant on imports, according to a study by USDA’s Economic Research Service.
The 2018 farm bill, which was extended last year until Sept. 30, 2024, has now expired once again. What does that mean for major farm and nutrition programs?
Rural residents regardless of political party are more concerned about inflation than people who live in metro areas, according to a quarterly survey that has been tracking voter attitudes toward the cost of food.
One in five Americans shopped online for groceries at least once a month in 2022, but teens and young adults were much more likely to do so than seniors, USDA economists say.
The Agriculture Department has sharply raised its forecast for farm earnings this year, projecting that net farm income will fall by close to 7% from 2023, a far smaller decline than USDA economists had estimated in February.
The number of hungry people worldwide is expected to drop significantly this year partly because of the decline in prices for grains and vegetable oils.
The average dairy herd has grown by about 150% over the past two decades, according to a study by USDA’s Economic Research Service that also confirms the growing significance of Texas and Idaho in dairy production.
