Record ag trade deficit on course to be halved in five years

The U.S. agricultural trade deficit, forecast at a record $30.5 billion this fiscal year, will narrow in the near term as exchange rates improve and trading partners gain economic strength, said the Agriculture Department in its 10-year agricultural baseline. The deficit will would shrink to $14.7 billion in 2028 and hold steady after that. “Ongoing… » Read More

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