Global economic agricultural projections face uncertainty with a changing presidential administration approaching, according to Food Business News’ Commodity Outlook 2033. Recent projections from the USDA indicate non-animal commodity prices will decline in 2025, total U.S. area planted to major field crops will decrease, and farm incomes will decline. While USDA shows 2024-2025 export expectations rising, these projections are unpredictable, due to anticipated tariffs from the upcoming Trump presidency.
Proposed tariffs, specifically regarding China, would increase costs and induce possible countertariffs, affecting agricultural trade between two of the largest exporting countries. If passed, The Trump Reciprocal Trade Act would place U.S. producers ahead of all foreign supplies.
While domestic wheat, soybeans and corn are declining in planted acres, rising yields will offset this, through advancements in technology and farming methods. Overall U.S. product