Source: Chuck Abbott, SUCCESSFUL FARMING, 8/10/20


With the end of the fiscal year in sight, the United States is running an agricultural trade deficit of $3 billion, unusual for a sector that ordinarily runs a surplus, often in the tens of billions of dollars. The shift is apparently due to the coronavirus pandemic. Through June, with three months left in fiscal 2020, agricultural exports totaled $102.2 billion while imports tallied $105.2 billion, according to USDA data. 

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