Latest Export and Import Forecast for the U.S.

Web AdminAgribusiness

U.S. agricultural exports in fiscal year (FY) 2023 are forecast at $181.0 billion, down $3.5 billion from the February forecast, according to the U.S. Department of Agriculture Economic Research Service and Foreign Agricultural Service Situation and Outlook Report. Horticultural exports are unchanged at $39.0 billion, though the forecast for sugar and tropical product exports is revised up $400 million to $6.4 …

USDA Partners to Foster Economic Growth for Small Farming Businesses in Southern States

Web AdminAgribusiness, USDA

The U.S. Department of Agriculture (USDA), is partnering with the Small Business Administration (SBA) and the Federal Depository Insurance Corporation (FDIC), to host a series of regional economic development workshops on the “Path to Prosperity” in Mississippi, Kentucky, and Georgia to provide small businesses, including farmers and ranchers, with the resources and tools they need to grow. “These independent businesses, …

Hurricane Insurance Adds Tropical Storm Option

Web AdminAgribusiness, USDA

After hearing directly from agricultural producers, the U.S. Department of Agriculture (USDA) is expanding its Hurricane Insurance Protection-Wind Index (HIP-WI) Endorsement with a Tropical Storm Option. USDA’s Risk Management Agency (RMA) will offer this option for the 2023 crop year. “During the past few years, many farmers have felt the impacts of tropical activity, and it’s important that we offer …

Farm Income Down Despite Higher Prices at Grocery Store 

Web AdminAgribusiness

Farm sector income is expected to drop in 2023. Net farm income is forecast to decrease by $25.9 billion or 15.9% from 2022 to $136.9 billion in 2023. Net cash farm income is forecast to decrease to $150.6 billion in 2023, a decrease of $39.4 billion or 20.7% from 2022, according to the U.S. Department of Agriculture (USDA) Economic Research Service …

Different Take on Truck Driver Shortage 

Web AdminAgribusiness, Florida Grower

By Clint Thompson Supply chain concerns continue to be an issue for business leaders across the U.S., including specialty crop producers. One industry leader believes a truck driver shortage is not the reason for the problem. Jon Kenneally, chief executive officer for Southern Ag Carriers, discussed the situation during the winter meeting of the Georgia Plant Food Educational Society, Inc. last week …

H-2A Worker Numbers Still Rising

Web AdminAgribusiness, Labor

U.S. agricultural employers who anticipate a shortage of U.S. domestic workers can fill seasonal farm jobs with temporary foreign workers through the H-2A visa program. The Department of Labor certified around 317,000 temporary jobs in fiscal year (FY) 2021 under the H-2A visa program, more than six times the number certified in 2005. Only about 80% of the certified jobs …

BMP Inspections Put on Hold Due to Hurricane Ian

Web AdminAgribusiness, Hurricanes

The Florida Department of Agriculture and Consumer Services (FDACS) suspended Best Management Practice (BMP) site visits to the counties most impacted by Hurricane Ian. The emergency order was declared on Monday and will be in place through Dec. 30, 2022. The counties include Brevard, Broward, Charlotte, Collier, Desoto, Flagler, Glades, Hardee, Hendry, Highlands, Hillsborough, Indian River, Lake, Lee, Manatee, Marion, …

USTR Declines Section 301 Petition, But Recognizes Southeastern Grower Challenges

Web AdminAgribusiness, Trade, USDA

This week the Office of the United States Trade Representative (USTR) announced that it will pursue avenues to assist the Southeast seasonal produce industry in coordination with the United States Department of Agriculture (USDA) after members of Congress requested an examination of certain issues in a Sept. 8, 2022, Section 301 petition. The Florida Fruit and Vegetable Association (FFVA) released …