August Outlook for U.S. Agricultural Trade — U.S. Agricultural Exports in Fiscal Year 2025 Forecast at $169.5 Billion; Imports at $212.0 Billion Learn more: https://lnkd.in/gMxgdr7H
USDA Economic Research Service
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The economics of food, farming, natural resources, & rural America -- from USDA's Economic Research Service (ERS)
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The mission of USDA's Economic Research Service is to anticipate trends and emerging issues in agriculture, food, the environment, and rural America and to conduct high-quality, objective economic research to inform and enhance public and private decision making. ERS shapes its research program and products to serve those who routinely make or influence public policy and program decisions. Key clientele include White House and USDA policy officials; the U.S. Congress; program administrators/managers; other Federal agencies; State and local government officials; and organizations, including farm and industry groups. ERS research provides context for and informs the decisions that affect the agricultural sector, which in turn benefits everyone with efficient stewardship of our agricultural resources and the economic prosperity of the sector. As a federal statistical agency covered by the Office of Management and Budget's (OMB) Statistical Policy Directives, ERS is responsible for ensuring the quality, objectivity, and transparency of the statistical information it provides. Our policies and procedures for publishing research and data are designed to ensure that we provide high quality and objective analysis.
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https://www.ers.usda.gov/
External link for USDA Economic Research Service
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Aktualisierungen
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Between 1948 and 2021, total U.S. farm output grew by 1.46 percent per year. With total inputs declining slightly by -0.03 percent annually, total factor productivity grew at 1.49 percent per year, singlehandedly driving farm output growth over the seven-decade period. Learn more: https://lnkd.in/gBk4yD-n.
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Join us for a webinar Wednesday, September 4 at 1:00 PM ET! ERS Economist Matthew Rabbitt will provide an overview of USDA’s annual report on the prevalence and severity of food insecurity in U.S. households in 2023. Register at: https://lnkd.in/g4xcDGUK
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2022 Census of Agriculture: Quarter of all farm operations participated in USDA’s direct payment programs in 2022. Learn more in today's Chart of Note: https://lnkd.in/dreaimc8.
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Beef Cow-Calf Production Continues To Be a Lifestyle Choice for Some Farmers Learn more in this month's Amber Waves: https://lnkd.in/gY8gdnjf
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Cover crop harvesting by cow-calf producers varies by region. Learn more in today's Chart of Note: https://lnkd.in/gmEaKUBw.
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Join us for a webinar on Thursday, September 5 at 1:00 PM ET! ERS Economist Carrie Litkowski presents updated farm sector income and wealth forecasts for calendar year 2024. Register at: https://lnkd.in/gKqfDfkP.
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ICYMI: Hawaii, Nevada, and Washington, DC, had highest shares of food-away-from-home sales. Learn more: https://lnkd.in/dXafk-7p.
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August Food Price Outlook – In 2024, food-at-home prices are predicted to increase 1.2 percent, and food-away-from-home prices are predicted to increase 4.1 percent percent. Learn more: https://lnkd.in/eWhT3hxS
August 2024 Food Price Outlook - Summary Findings
ers.usda.gov
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ERS study finds that of acres rejected from the 2016 Conservation Reserve Program (CRP) General Signup (from 2017-2019): 37.7% were in crops 20.7% in grassland 15.7% in CRP through Continuous Signup 14.7% in mixed forage 10.6% fallowed or idled 0.6% in timber Learn more: https://lnkd.in/gixHHr-p