USDA's national survey paves way for 2027 agriculture census

Jan 16, 2024

In anticipation of the 2027 Census of Agriculture, the National Agricultural Statistics Service (NASS) within the USDA is commencing the National Agricultural Classification Survey (NACS) from January 24. This survey plays a crucial role in identifying recipients eligible to receive the questionnaire for the highly anticipated 2027 Census of Agriculture, encompassing around 250,000 individuals and entities involved in agricultural activities.

NASS Administrator Hubert Hamer stressed the importance of this survey, stating, "This survey helps illustrate the breadth of American agriculture and enables USDA to get a complete count of all farmers and ranchers. Every response matters. Even if a recipient believes that the survey does not apply to them, we ask that they respond to the few screening questions."

Recipients are encouraged to respond securely online at accounts.usda.gov, using the unique survey code sent with the survey materials. Alternatively, respondents can mail back completed questionnaires using the prepaid envelope provided. NASS emphasizes the need for swift responses from all recipients.

Hamer further explained, "The NACS ensures that everyone who produces and sells, or normally would sell, $1000 or more of agricultural products in a calendar year are represented in these vital data."

The Census of Agriculture, conducted once every five years, remains the most comprehensive source of data concerning American agriculture. This data informs policies, programs, and decisions at national, state, and local levels, offering valuable insights into the evolution of American farming practices. It plays a pivotal role in shaping actions that influence the entire agricultural landscape. USDA plans to release the 2022 Census of Agriculture data in February 2024.

Source : wisconsinagconnection

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Agricultural Market Update: Grain Prices, Crop Conditions, and Weather Impacts

Welcome back to our channel where we provide comprehensive updates on the latest trends and changes in the agricultural sector. This week, we're looking at significant movements in grain prices, crop conditions, and the effects of weather patterns. Let's dive into the details:

Grain Price Decline Grain prices have fallen to their lowest levels since 2020, with December corn down 4.3% and November soybeans losing 3.1%. This decline is partly due to the beneficial moisture brought by Hurricane Beryl to the Midwest, which has improved crop conditions significantly. The USDA reported that corn and soybean crops are in their best condition in four years, contributing to the downward pressure on prices.

Record Short Positions and Market Sentiment Fund traders have increased their net short positions in the corn market to a record level, with a net short of 347,000 contracts of corn. This reflects a bearish sentiment in the market, further influencing grain price dynamics. Similar selling trends were observed in soybeans and SRW wheat, indicating broad market caution.

Weather Impact and Forecast Hurricane Beryl has brought significant rainfall across Arkansas, Missouri, western Tennessee, western Kentucky, and southern Illinois, with more expected over Missouri, Illinois, and Indiana in the coming days. Despite this, the market is currently more focused on the moisture benefits rather than potential heat risks forecasted in the 6-10 and 8-14 day periods.

US Crop Conditions Corn and soybean conditions have shown slight improvements last week, with corn rated 68% good to excellent and soybeans at 68%. These are among the best ratings for this time of year since 2020, suggesting robust crop health that could continue to influence grain prices.

Winter Wheat Harvest and Spring Wheat Conditions The US winter wheat harvest is progressing well, ahead of schedule with significant portions already harvested in Kansas and Texas. Spring wheat conditions are also favorable, with 75% rated good to excellent, although there have been some declines in states like Idaho, South Dakota, and Washington. Brazil's Corn Harvest and US Exports Brazil's second corn crop harvest is advancing rapidly due to favorable hot and dry conditions, with 63% of the crop already harvested. Meanwhile, US corn shipments saw a substantial increase last week, indicating strong export demand, which contrasts with the recent drop in domestic grain prices.

Ongoing Developments Lastly, the USDA reported a flash sale of corn, with significant quantities sold to unknown destinations, scheduled for delivery over the next two marketing years. This could signal ongoing international demand for US corn despite lower prices.

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