Ag Industry Support Not Expected to Continue Indefinitely
There is no expectation that the significant federal support the agricultural industry has received over the past four years will continue in 2022.
There is no expectation that the significant federal support the agricultural industry has received over the past four years will continue in 2022.
A persistent pandemic, monetary tightening in the U.S., and slowing growth in China will present the most significant headwinds for the global economy in 2022.
Last week, the Sixth Circuit Court of Appeals was selected to hear all complaints filed regarding the Biden Administration’s COVID-19 vaccination mandate.
Though it appears truckers will be exempt from the government’s new vaccine mandate, the American Truckers Association isn’t taking any chances.
As many industries in the United States continue to navigate the choppy waters of supply-chain disruptions, there are two more waves of potential concern on the horizon.
From farm to supermarket, labor availability remains the biggest concern and continues to be a significant impediment to quick supply-side responses.
As the general economy struggled during the COVID-19 pandemic, one sector of the agricultural economy flourished: chicken.
Despite COVID-19 challenges, Canada remained a leading destination for U.S. agricultural exports in 2020, with high-value food and beverage exports reaching $17 billion.
The United States is a major exporter of agricultural products, with about 20 percent of its farm output sold abroad, however, an economic crisis in foreign markets is threatening to reduce U.S. export sales.
Volatile seems to be one of the best words to describe 2020, especially in agriculture.
USDA is implementing updates to the Coronavirus Food Assistance Program for farmers and ranchers who faced market disruptions in 2020 due to COVID-19.
Despite challenges presented by the COVID-19 economic lockdown, exports of U.S. dairy products expanded 9 percent year-over-year in 2020, reaching a total of $6.5 billion.
In 2020, the value of U.S. beef & beef product exports contracted 5.5 percent year-over-year, largely due to supply chain constraints and food service struggles in the wake of the COVID-19 pandemic.
While global economic growth is expected following the COVID-induced recession of 2020, the speed of recovery is uncertain due to differences in how individual countries will manage economic response and recovery.
Total U.S. agricultural exports in 2020 were nearly $146 billion, up almost 7 percent from 2019, and the second highest level on record after Calendar Year 2014.
USDA unveiled their new Pandemic Assistance for Producers program this week, establishing new programs and efforts to bring financial assistance to farmers, ranchers, and producers who felt the impact of COVID-19 market disruptions.
As the industry emerges from a full year under the COVID-19 cloud, a majority of equipment manufacturers report a positive outlook for 2021.
Could 2021 be the year of the restaurant? After a year of forced closures due to the coronavirus pandemic, many states have either relaxed or simply opened up the restaurant industry for dining again.
As the Mexican government tightens regulations on their domestic commercial farming operations, it’s beginning to hit the cotton industry south of the border.
As the U.S. economy begins to thaw from a frigid year-long global shutdown due to COVID-19, one sign of optimism is pointing to another sign of frustration.
Though 2020 will be remembered as the year of the deadly COVID-19 pandemic, one statistic that won’t be a part of that conversation is grain-dust deaths.
How has the ongoing COVID-19 pandemic affected the dairy industry? According to the National Milk Producers Federation, retail dairy purchases that jumped at the beginning of the pandemic, have remained elevated since then.
While many economists are unsure of when the economy will recover from the COVID-19 pandemic, the latest information from the Bureau of Economic Analysis gives hope that the answer is, soon.
COVID-19 and fluctuating fed cattle and feed prices resulted in another challenging year for cattle finishers. But current breakeven and fed cattle price projections suggest that net returns may close in on breakeven prices by July.
Americans and agricultural producers may be receiving a Christmas gift from the Federal government this week, based on the agreement by the legislative and executive branches to a COVID relief deal.
The U.S. animal protein sector is expected to face a 12 percent increase in feed costs in 2021, which will mark the highest year-over-year inflation since 2011.
Indonesia’s cotton consumption for 2019/20 has declined to a 10-year low of 2.4 million bales due to weaker domestic and overseas demand related to COVID-19.
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll and was part of the CARES program passed by Congress in response to the coronavirus economic shutdown.
World merchandise trade appears to have rebounded strongly after plummeting in the midst of the COVID-19 pandemic, but whether growth can be sustained going forward is unclear, according to the World Trade Organization’s latest Goods Trade Barometer.
The November Short-Term Energy Outlook from the U.S. Energy Information Administration remains uncertain because responses to COVID-19 continue to evolve.
Lenders continue to be most concerned about the liquidity, income, and leverage of producers. Uncertainty regarding tariffs and trade, the weather, and the impacts of the COVID-19 pandemic and resulting economic downturn is close behind.
As COVID-19 disruptions continue across the country, one major trade show event is choosing to delay rather than cancel in 2021.
The economy may be improving after one of the quickest recessions in American history. The downturn was a direct result of the global COVID-19 economic shutdown.
The coronavirus pandemic has now impacted all four quarters of 2020, and seemingly every aspect of life and business.
World trade shows signs of bouncing back from a deep, COVID-19 induced slump, but World Trade Organization economists caution that any recovery could be disrupted by the ongoing pandemic effects.
Though the World Trade Organization is facing some difficult days as the United States pushes for major reforms, leaders say a recent meeting of the Committee on Agriculture produced “meaningful” dialogue.
The financial impacts of the global coronavirus shutdown hit many sectors hard, and for some industries, they still struggle to get back on their feet – much less return to profitability.
If lawmakers weren’t aware of the importance of broadband high-speed internet service to rural areas before COVID-19, they are well aware today.
The critical role American farmers and ranchers serve in protecting the nation’s food supply is undeniable but the outlook for 2021 depends on several influential factors.
The Tenth Federal Reserve District based in Kansas City is reporting economic activity continued to strengthen in July and August. Overall, the economy expanded moderately, but activity in many sectors still remained below pre-pandemic levels.
Economic activity increased across most of the country over the past few weeks, but gains were generally modest and activity remained well below levels prior to the COVID-19 pandemic.
As Congress gets back to work this week, following their regular August recess, eyes are focused on whether the two chambers and two parties can come together for a second-round off Coronavirus assistance.
The European Union has eliminated import duties on certain U. S. products just four months after re-introducing those duties.
It appears that almost every sector of the American economy took a financial hit during the near-nationwide shutdown due to COVID-19.
More relief may be coming for farmers and ranchers affected by COVID-19 shutdown and loss of marketing opportunities
Small business spending fell sharply for the second straight quarter due to a significant drop in revenues caused by pandemic lockdowns as spending shifted to debit cards.
The COVID-19 global shutdown has weighed heavily on the cotton and textile industries. As economies begin to reopen there has been some improvement in economic activity, yet consumer spending on apparel has led to a drop in year-over-year demand.
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of banks reported weaker demand for commercial and industrial loans.
Two-thirds of producers responding to the August Purdue University/CME Group Ag Economy Barometer survey said they believe Congress should provide additional economic assistance to farmers in 2020 to help offset the impact of COVID-19 on agriculture.
The USDA is providing policyholders additional time to pay premium and administrative fees and to waive accrual of interest.