Ag economic showdown predicted in 2023

Ag

A global economic slowdown will combine with infl ation, higher interest rates, and the strong dollar to erode U.S. food and agriculture exports by 12% through fiscal 2026, projected the USDA last Wednesday.

“Macroeconomic conditions are expected to slow U.S. exports earlier than imports, leading to a negative trade balance” that would gradually grow larger, said the USDA’s long-term baseline.

Expor…