Crop, Livestock and Farm Policy Outlook from AFBF18

Market Intel / January 9, 2018

Credit: Steven Polunsky / CC BY 2.0 

Market Outlook at Convention

Each year American Farm Bureau Federation brings in expert crop and livestock market specialist to provide their outlook for the upcoming year. In case you missed it, today's Market Intel provides the slides that were presented to the membership in attendance in Nashville. 

In 2018, Dr. Keith Coble, the Giles Distinguished Professor and Department Head, Agricultural Economics Department, Mississippi State University and James Robb, Director and Senior Agricultural Economist, Livestock Marketing Information Center provided members their outlook for the 2018 agricultural economy. 

Crop Outlook and Farm Policy

Dr. Keith Coble reviewed the supply and demand fundamentals for major field crops including corn, soybeans, wheat, cotton and rice for both U.S. and foreign markets. Following the crop outlook, Dr. Coble discussed several key topics for the 2018 farm bill debate that may impact commodity and crop insurance programs.  

Dr. Coble’s slides are found below.

Livestock Outlook

Mr. Robb provided an overview of cattle and hog markets in the United States along with a brief look at competitive meats. Mr. Robb has over 25 years’ experience forecasting prices and production for livestock markets and his unique perspective on the next one to three years in these ever-changing markets is of timely interest in this challenging farm economy.

Mr. Robb’s slides are found below. 

Contact:
John Newton, Ph.D.
Director, Market Intelligence
(202) 406-3729
jnewton@fb.org
 
Katelyn McCullock
Economist
(202) 406-3623
katelynm@fb.org
 

Share This Article

Credit: iStockPhoto 

Whether farmers are raising cattle in Oklahoma, milking cows in Vermont, growing fruits and vegetables in Florida, or growing corn, soybeans and wheat in America's heartland, their agricultural income depends on trade. USDA estimates that 25 percent of all U.S. agricultural production is exported, and for some commodities that percentage is even higher. Many of these trade benefits come on the back of the North American Free Trade Agreement, which has helped to increase U.S. agricultural exports by more than 200 percent since 1993. Today’s article builds on recent Farm Bureau analyses of NAFTA by reviewing the share of agricultural exports to NAFTA partners by state and by commodity.

Full Article
Credit: David Stanley/CC BY 2.0 

When it comes to the NAFTA discussion, one topic that has been brewing the longest, without permanent resolution, is trade in softwood lumber between the U.S. and Canada. How the governments of certain Canadian provinces price softwood logs to their logging industry has been a source of controversy for more than three decades. Actions by the U.S. and Canadian governments can be measured in rounds, and in October 2015, we entered round five. Last week, while we were enjoying the week between major holidays, the Department of Commerce kicked round five into hyper-drive by announcing new countervailing (CVD) and anti-dumping duties on certain Canadian softwood products. On January 3, we found out how significant those duties are.

Full Article