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USDA'S CHIEF ECONOMIST FORECASTS ANOTHER GOOD YEAR FOR THE AG ECONOMY
Feb. 24, 2023
Agri-Pulse reports:
USDA is warning that there is still a high level of uncertainty for the U.S. farm economy due to inflation in the U.S and globally, the continuing war in Ukraine, and other challenges. Even so, the department is projecting the U.S. will be producing and exporting a lot more grain and oilseeds for the 2023-2024 marketing year.
USDA Chief Economist Seth Meyer, who delivered his annual forecast at the Outlook Forum, says the U.S. farm economy should remain relatively strong in 2023.
"I think that 2023 is shaping up to be a good year, and that's following 2022, which was a great year. ... It's lower than last year but still going to be above the long-term trend,” Meyer says in an interview for Agri-Pulse Newsmakers.
To read the entire report click here.
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