Illinois Grain and Feed Association

Farm Policy News

Update

December 6, 2017

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USDA Updates U.S. Ag Export Forecast Amid NAFTA Worries

December 05, 2017

In fiscal year 2017, U.S. agricultural exports totaled $140.5 billion, representing the third-highest level on record.  In its quarterly export forecast in August, USDA indicated that fiscal year 2018 agricultural exports were projected at $139.0 billion.  However, in its latest quarterly forecast, released late last month, USDA increased the fiscal year 2018 export projection by $1.0 billion.  Today’s update examines the latest export forecast in more detail, and looks briefly at recent NAFTA news items pertaining to agriculture, including a report from the Nebraska Farm Bureau.

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