The U.S. Ag trade deficit hit a record high in the first half of this year.
Bloomberg said the value of agricultural exports trailed that of imports by $4.1 billion in June, a gap 14% wider than a year earlier. USDA data indicates that pushed the ag sector’s deficit to $28.6 billion for the first six months of this year.
AgWeb says the trade deficit is one of the main reasons President Trump gave for imposing tariffs and working on new trade deals. Former USDA chief economist Joe Glauber told AgWeb that the trade imbalance shouldn’t be this alarming because of what’s under the surface. He said it’s important to keep in mind that America imports a lot of commodities it can’t produce domestically.
The USDA numbers show that Mexico and Canada will remain the top two U.S. ag export markets, followed by the EU, Japan, and China.
By Glenn Vaagen
Read the full article here.
💧 Limited water does not have to mean limited options. Klamath Basin landowners enrolled more than 11,000 acres in water-conservation programs, balancing water use with operational and financial needs. Understanding available programs and how they fit into the broader operation can create a stronger path forward. Root Agricultural Advisory helps agricultural businesses evaluate their options… Understanding Your Water Options
🌱 Knowing your farmlands value, understanding buyer priorities, and identifying potential risks early can give you more control once negotiations begin. Our five-day Step-by-Step Guide to Unlocking Farmland Value helps landowners and advisors prepare before the property reaches the market. Start the guide through here.
Root Agricultural Advisory
2670 S. Eagle Rd. Meridian ID 83642
(208) 753-2333 info@rootagadvisory.com
