Trade deficit projected to grow as USDA lowers ag trade forecast for FY 2023
University of Missouri ag economist Scott Brown says in its latest Trade Outlook, the USDA projects a significant decline in export values while raising the value of imports. “We’re going to import $198 billion and exports of $181 billion,” he says. “We went from Fiscal Year 2022 being net positive to $2.4 billion to now being net-negative $17 billion, importing more in value than we’re exporting. All of that is […]

