Federal agriculture officials are projecting a substantial improvement in the nation’s farm trade balance over the next two fiscal years, with new data released Friday showing optimistic forecasts.
The U.S. Department of Agriculture now expects America’s agricultural trade deficit to drop significantly from $43.7 billion in the 2025 fiscal year down to $29 billion by fiscal year 2026. This represents a reduction of more than $14 billion in the trade gap.
The improved outlook is attributed to expectations of reduced agricultural imports coming into the United States during this period.
