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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, December 18, 2024
The cost of groceries was flat in August as lower prices for vegetables, grains and baked goods helped offset price increases for beef, poultry, eggs and dairy products.
U.S. agricultural trade deficit will increase to $42.5 billion for fiscal 2025 as the fall in prices for corn, soybeans and other commodities lowers their value, USDA says.
The latest data from USDA’s Economic Research Service’s “Fruit and Tree Nut Outlook” provides a snapshot of production and prices, with tree nuts producing record-high supplies in 2020/21 and a spike in orange juice sales as COVID-19 hit the U.S.
Editor's note: This is the third in our seven-part in-depth editorial series where we look ahead at “Farm & Food 2040.” Part three looks at how the failure to pass meaningful immigration reform is fueling adoption of the newest technologies in automation—primarily robotics—to stem the need for immigrant farmworkers. And we also feature new research identifying the "Farmer of the Future."
