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.