Policy makers, economists, the farm and food industry, consumer advocates, and others rely on USDA’s food price outlook and farm sector income and finances data in their decision making and planning. At this year’s Forum, two sessions focus on these closely watched USDA forecasts and present the latest analysis and projections.
A session on the Farm Income Outlook for 2015 focuses on general measures of the financial well-being of the farm economy. The analyses and data released by the Economic Research Service (ERS) and used by USDA and others in both the public and private sector provide insights about the financial health of the U.S. agricultural economy. Financial performance measures assess the farm sector’s receipts and expenses; net income; variations in farm income by farm size and other categorizations; and changes in the sector’s wealth holdings. ERS estimates and forecasts of farm income and wealth are based on information collected across USDA and other parts of government, as well as responses to USDA’s annual Agricultural Resource Management Survey (ARMS) and other sector-level information. Read more »
In 1915, the first USDA Market News report was sent by telegraph, letting buyers and sellers across the country know the price of strawberries in Hammond, Louisiana. A century later, the impact of USDA Market News reports is clear. Through USDA Market News, AMS provides timely, reliable, unbiased data that serves as the information lifeline for America’s agricultural economy. Each year, AMS issues more than 250,000 reports that get more than 53 million views. (Click to enlarge)
Have you ever wondered how American farmers and businesses track the price of their commodities? Today, farmers, ranchers, and the entire agricultural supply chain turn to USDA Market News – administered by my agency, the Agricultural Marketing Service (AMS) – for timely, reliable, unbiased data that serves as the information lifeline for America’s agricultural economy.
But 100 years ago, everyone was in the dark about how much things cost. That’s why, in 1915, the first USDA Market News report was sent by telegraph, letting buyers and sellers across the country know the price of strawberries in Hammond, Louisiana. Read more »
Innovation, biotechnology and big data are changing the way we produce, distribute and even consume food. From using innovative approaches to improve food safety to sharing market data to assist producers in reaching larger markets, big data and new technologies continue to change the face of agriculture. USDA strives to meet these evolving challenges and will be discussing these issues through the lens of agriculture at the 2015 Agricultural Outlook Forum on Feb. 19-20 in Arlington, Virginia.
Big data isn’t just massive amounts of numbers and codes for scientists, researchers and marketers. That information, when interpreted and applied, can help people understand – and change – the world around them. We are discussing how data helps producers of agricultural commodities in adapting their strategies to meet changing consumer demands, marketing practices and technologies. Read more »
USDA is committed to addressing the challenges of international trade, and providing solutions. As we look forward to USDA’s annual Agricultural Outlook Forum, Feb. 19-20, 2015, in Arlington, Virginia, speakers and attendees will have the opportunity to discuss relevant issues on a wide range of international as well as domestic topics.
We live in a world where domestic agriculture and international trade are inseparable. We can’t talk about one without discussing the other. In 2014, American ag exports soared to a record $152.5 billion, and accounted for 20% of U.S. agriculture income.
Trade and foreign market access affect not only rural economies, but the overall economic health of nations – including ours. In that spirit, I’m happy to welcome Phil Hogan, the European Commissioner of Agriculture and Rural Development, to the 2015 Agricultural Outlook Forum. He will join our own Secretary Tom Vilsack during the plenary session for a discussion that promises to be insightful. Read more »
Deputy Secretary Krysta Harden, seated left, hosted a panel on the role of women in agriculture at the 2014 Agricultural Outlook Forum. Photo by Bob Nichols
In February, it was my privilege to moderate a panel that featured four exceptional women at the Agricultural Outlook Forum. The break out session was titled “A Roadmap for Women in Agriculture,” a lively and thought-provoking exchange on the future of women in agriculture.
Autumn Veazey, Debbie Hamrick, Kate Danner and Leslie Wheelock, all shared their passion for agriculture and gave great advice on how to earn a seat at the table. Read more »
Mark Jennings plants sunflowers in wheat stubble.
Attending a no-till conference forever changed the way North Dakota farmer Mark Jennings farmed. He started using basic conservation practices for conserving moisture.
For the past decade he’s been sowing cover crops and reaping rich returns.
Working closely with the USDA’s Natural Resources Conservation Service, Jennings has become a devoted no-till farmer. Read more »