Source: SOUTHERN FARM NETWORK, 2/24/20

The USDA’s top economist predicted agricultural trade will return to normal this year. USDA Chief Economist Robert Johansson said farm exports to China will rise from $10 billion last year to $14 billion in 2020. That “slight” $4 billion jump doesn’t quite add up to the $40 billion in U.S. ag products that China committed to import from the U.S. under the Phase One trade deal. Johansson says the forecast “reflects public information that’s available right now on phase one.”

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