USDA’s Chief Economist said the U.S. is well positioned in the global trade market moving forward, benefiting farmers.
Seth Meyer tells Brownfield he expects fiscal year 2022 to be a record year for U.S. export value, even if volumes decline.
“Some things, like soybeans, we might expect a little more to go out, corn a little less to go out,” he said. “But the solidity of an expectation will push us even a little bit higher in terms of overall export value for our agricultural commodities.”
Meyer said crop and livestock producers are in a solid demand period with China at the forefront.
