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Part 1 of 2 USDA’s Chief Economist and the rest of his dominion need their butts kicked. When DOGE gets around to evaluating the USDA and how it delivers for US farmers, as a farmer, I believe we would be better off without WASDE reports than the misinformation that USDA has been consistently delivering. The 2024 Ag Recession was a disaster of their making. I suppose that I should explain why…here it goes:   The process by which USDA creates and updates its balance sheet for crops throughout the growing season has historically been advantageous for end-users and subsequently penalizes producers. USDA consistently initially overstates production and carryovers through the processes that they use. I have alluded to this in this report in recent years but in 2024 they outdid themselves. USDA puts their finger on the scale of price discovery in favor of lower prices. This time it felt like something consistent with the administrations’ desire for lower food costs. The $10 bln that farmers are being paid in financial aid is to compensate for market losses that USDA created. From their initial assumptions through the growing season, they provided bad information to which the market responded negatively like…

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