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USDA Announces Growing Trade Deficit as Imports of Fruits & Vegetables Continue to Rise

By Emma Sauls

USDA announced last week that agricultural imports are expected to reach a record $212 billion in FY2025. Fueled in part by growing imports of fruits and vegetables, USDA now forecasts an agricultural trade deficit of over $30 billion for the year. The widening trade gap demonstrates a growing reliance on other countries for our fresh produce.

In August, Georgia Senator Jon Ossoff and Representative Sanford Bishop introduced the Protecting our Produce Act, a bicameral bill would establish a five-year pilot program to provide support for certain specialty crop producers — blueberries, squash, bell pepper, cucumber, or asparagus — when a crop’s national average market price (effective price) falls below its five-year average price (reference price), if the difference is caused by imports.

“GFVGA will be in Washington the next two weeks to meet with policy makers and to communicate the need for trade policy that can help level the playing field for Georgia Growers. The growing trade deficit demonstrates the need for a program that supports domestic producers before it’s too late and we become reliant on other countries for our fresh fruits and vegetables” said Chris Butts, GFVGA Executive V.P.

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USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.