AG TRADE DEFICIT EXPECTED TO DROP

AG TRADE DEFICIT EXPECTED TO DROP

USDA is now predicting the agricultural trade deficit will drop to $29 billion in fiscal year 2026. That number is down from about $50 billion a year ago. Luke Lindberg, the USDA Undersecretary for Trade and Foreign Agricultural Affairs, said the trade team isn’t done and has set a goal to get back to a trade surplus. “Going from $50 billion forecasted to $29 billion is tremendous progress in one year,” he told Farm Journal. He also says “That’s…

USDA Announces Progress Toward Correcting Trade Deficit - Trade Southeast AgNET

DepositPhotos image The U.S. Department of Agriculture has announced progress toward correcting the trade deficit to a trade surplus for agriculture and we had the opportunity to sit down with Under Secretary for Trade and Foreign Agricultural Affairs Luke Lindberg to get more details.  Under Secretary Lindberg said, “We are excited to be announcing progress, right? So our goal is to get back to an agricultural trade surplus, which America has h…

Ag Trade Deficit to Drop $21 Billion

USDA is now predicting the agricultural trade deficit will drop by $29 billion in fiscal year 2026, down from about $50 billion a year ago. Luke Lindberg, the USDA Undersecretary for Trade and Foreign Agricultural Affairs, said the trade team isn’t done and has set a goal to get back to a trade surplus. “Going from $50 billion forecasted to $29 billion is tremendous progress in one year,” he told Farm Journal. “That’s down 43 percent compared to…