Ag economic showdown predicted in 2023

Ag

A global economic slowdown will combine with infl ation, higher interest rates, and the strong dollar to erode U.S. food and agriculture exports by 12% through fiscal 2026, projected the USDA last Wednesday. “Macroeconomic conditions are expected to slow U.S. exports earlier than imports, leading to a negative trade balance” that would gradually grow larger, said the USDA’s long...

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