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Midsize Farm Production Has Shifted Towards Cash Grains And Oilseeds, Hogs, And Poultry

Midsize farms, those with gross cash farm income between $350,000 and $1 million, concentrate their production on grains and oilseeds. In 2014, over 40 percent of midsize farm production occurred on farms that specialized in these crops—8 percentage points higher than in 1992.

Midsize farms that specialized in hogs and poultry also accounted for a higher share of production in 2014 than in 1992. However, midsize farms specializing in dairy, high-value crops, and other crops (such as tobacco and peanuts) represented a smaller share in 2014.

Midsize dairy farms, for example, declined in number over this period—and total dairy production became more concentrated on large farms. Midsize farm contribution to total U.S. production has also declined from 26.7 percent to 20.9 percent during this period.

Midsize farm production has shifted towards cash grains and oilseeds, hogs, and poultry

Source:usda.gov


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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.