2021 Farm Economy Optimistic
WASHINGTON, D.C. – The new year is bringing some optimism for the farm economy, thanks to multiple factors. American Farm Bureau Federation (AFBF) Chief Economist John Newton said one of those factors is trade with China, which could reach near record levels.
“Recently released data from the U.S. Census Bureau show that preliminary exports to China during November [are] nearly $5 billion,” Newton said. “So, when you add that to the existing total, we’ve now sold about $22.5 billion to China. That’s significant progress, and a step in the right direction. We’re unlikely to hit the Phase One targets, but we could be close to record exports to China this year.”
Farmers are encouraged to register for the American Farm Bureau Virtual Annual Convention, planned for January 10-13, 2021. Niki Jones, IDEAg Group Marketing Manager, says the virtual convention will include many of the same aspects as a traditional in-person event.
“The Farm Bureau Virtual Convention theme this year is Stronger Together, which underscores the importance of unity and finding creative ways to engage and support our friends and neighbors in the industry. You can expect some fabulous keynote speakers, education sessions, we have some of the old favorites, YF&R and the Ag Innovation Challenge, the Foundation Night In.”
Jones says the convention includes a robust lineup of keynote speakers.