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American ag exports could take a hit for fiscal year 2023, and Trump-era tariffs on Chinese imports to remain in place ... for now.
According to a new report from the USDA’s economic research and foreign agricultural services divisions, farm exports are expected to total $193.5 billion, down $2.5 billion from the final revised forecast for 2023.
Farmer Sentiment Improves, but Farmers Concerned About Inflation
The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose 14 points in August to a reading of 117. The rise in the overall measure of agricultural producer sentiment was driven by increases in both the Index of Current Conditions, which rose 9 points to 118, and the Index of Future Expectations, which climbed 16 points to 116. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted Aug. 15-19, after The U.S. Department of Agriculture released both the August Crop Produc...
The Ag Economy Barometer farmer sentiment index rose 14 points in August to a reading 117 due to improved current and future expectation indexes.