USDA projects smaller ag trade deficit in FY2026
USDA projects smaller ag trade deficit in FY2026
The Agriculture Department is projecting that the ag trade deficit will shrink in FY2026 even more than previously anticipated.
USDA expects the trade deficit to fall from $43.7 billion in FY2025 to $37 billion in FY2026, according to its quarterly trade forecast published Tuesday. In its previous report issued in August, USDA had projected a trade deficit of $41.5 billion this fiscal year.
The U.S. recorded trade deficits of around $32 billion in FY2024 and $17 billion in FY2023, respectively.
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