Over the next decade, eight major crops in the United States (corn, soybeans, wheat, mountain cotton, sorghum, rice, barley and oats) are expected to remain between 99 million hectares and 100 million. The cultivated area for these crops reached an average of nearly 104 million hectares during the recent peak in 2012-14, and 101 million hectares between 2015 and 2020, according to the USDA.
“As markets develop in other parts of the world, US demand for soybeans is expected to increase over time. Prices for most crops continue to be low compared to the recent past, as the US and world production have previously reacted to high prices. Prices are expected to rise slowly over a 10-year forecast period for most crops, with the exception of soybeans. Soybean prices are expected to drop over the next two years and then rise, ”the USDA said on Friday.
In the livestock sector, government forecasts predict that relatively low feed costs and increased efficiency will continue to provide economic incentives for expansion.
1 farmer in the United States provides an average of 130 people with agricultural products. This industry employs only 2% of the US population.
The report said that global demand for a wide range of diets and protein is projected to drive demand for fodder grains and soybeans. “In addition to this increased demand, there is growing competition with the United States from countries such as Brazil, Argentina and, to some extent, Ukraine. Although global demand for wheat is growing more slowly, it is still increasing significantly, and export growth from the Black Sea region and the EU will restrain US wheat export growth, ”the USDA said.
- Zimbabwe has banned farmers from selling corn to anyone other than the State Grain Market Council, as the government is taking measures to lower prices for the main product after a severe drought hit the country.
- The soybean yield in the climatic conditions of Ukraine reaches 1.8-4 t / ha, and each hectare allocated for soybean cultivation gives a profit of € 1 thousand, according to the owner of Zhiva Niva company from the Zhytomyr Region Alexey Yazykov.
- Chinese state-owned companies bought about 1.5 million tons of US soybeans for shipment in July and August, which was their second major acquisition of supplies in the US this month.
