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Your Update from Ron Hays of RON
Friday, May 28, 2021

Happy Memorial Day 2021!
No Email Monday- See You Tuesday June First
USDA Forecasts Record Farm Exports in FY 2021
The U.S. Department of Agriculture’s quarterly agricultural trade forecast, released today, projects fiscal year 2021 U.S. farm exports at $164 billion – the highest total on record. This represents an increase of $28 billion, or 21 percent, from last fiscal year’s total, and a $7-billion increase from USDA’s previous FY 2021 forecast published in February. The annual export record of $152.3 billion was set in FY 2014.

“U.S. agricultural trade has proven extraordinarily resilient in the face of a global pandemic and economic contraction. This strength is reflected in today’s USDA export forecast,” said Agriculture Secretary Tom Vilsack. “As we conclude World Trade Month, it’s clear that trade remains a critical engine powering the agricultural economy and the U.S. economy as a whole. Today’s estimate shows that our agricultural trading partners are responding to a return to certainty and reliability from the United States. Yesterday’s action regarding the United States-Mexico-Canada Agreement also made it clear that our trading partners must play by the rules. Ensuring that all U.S. producers and exporters have access to global markets is a key to building back better and ensuring the continued strength and resiliency of rural America.”

Key drivers of the surge in exports include a record outlook for China, record export volumes and values for a number of key products, sharply higher commodity prices, and reduced foreign competition.

USDA projects that total exports of bulk commodities and meat will reach record levels for both volume and value in FY 2021.

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At the 2021 Oklahoma Grain and Feed Association annual meeting on May 4th, we recorded the lunch time conversation between OGFA CEO and President Jeff Hickman and Oklahoma State University President Designate Dr. Kayse Shrum, who will officially become the 19th President of OSU on July first. Learn more about who Dr. Shrum is- personally and professionally- and what her early priorities will be when she takes the reins as President on July first.

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Reach Out To Us:
Tim West
President/General Manager
Radio Oklahoma Ag Network

2401 Exchange Avenue,
Suite F
Oklahoma City, OK 73108

405.317.6361
Ron Hays
Director of Farm Programming
Radio Oklahoma Ag Network

405.473.6144