US Pork Exports Higher and More Earnings Not Enough for Farmers
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Fermented food waste could be used to deliver beneficial bacteria to food plants.
Research from the University of California, Riverside, found that beneficial microbes on crops “increased dramatically” when the food waste was added to plant-growing systems in a greenhouse.
Researchers say the fermented food waste appears to help plants resist pathogens and could reduce carbon emissions from farming.
**U.S. pork exports reached nearly 3 million metric tons in 2020, topping the 2019 record by 11%.
USDA data compiled by the U.S. Meat Export Federation, shows pork export VALUE also climbed 11% to a record $7.71 billion.
Exports set new annual records in China/Hong Kong, Central America, Vietnam and Chile, and achieved strong fourth quarter growth in Japan and Mexico.
U.S. beef exports finished 2020 lower, falling 5% in both volume and value, but ended the year with very strong momentum.
**The USDA expects farmers to earn a lot more money from their crops and livestock in 2021, but not enough to offset higher production costs and a steep drop-off in taxpayer aid.
www.agrimarketing.com reports, USDA's forecast for $111.4 billion in net farm income this year would represent a nearly $10 billion decline from 2020, when the farm sector was flooded with coronavirus relief payments.
Cash receipts are expected to rise by $11.8 billion for crops and $8.6 billion for livestock.
www.agrimarketing.com/s/134832
