USDA Forecasting and The Big Shrink

Tim and Tyler talk to Matt Woolf about the ag economy in California specialty crops.

Takeaways

• Post-COVID, nut pricing is stabilizing while vegetable pricing normalizes.
• USDA estimates can be inaccurate due to abandoned orchards.
• The Big Shrink report explores the impact of population decline on agriculture.
• Population growth has historically supported agricultural markets.
• Fertility rates are declining due to economic and cultural factors.
• Public policies to reverse population decline have shown little effect.
• Farmers should focus on quality over quantity in exports.
• California agriculture faces significant regulatory challenges.
• Ag tech innovations are rapidly evolving and improving efficiency.
• Farmer sentiment is low due to high input costs and low commodity prices.

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This episode is presented by American AgCredit. Check them out HERE.

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Links

• Terrain - https://www.themodernacre.com/aacwebsite