President Trump hopes to sign a trade deal to open more agricultural and industrial opportunities with India shortly after the conclusion of the Senate impeachment trial, according to Pro Farmer’s Jim Wiesemeyer.
With the phase one trade deal with China official, farmers are expecting more positive momentum in the markets. However, they shouldn’t expect an extension of the MFP, according to USDA Secretary Sonny Perdue.
The U.S. Census of Agriculture showed that farm sizes are growing, while the overall number of farms diminished by 3.2%. In total, there are 2,042,220 farms in the U.S. This accounts for 900,217,576 acres of land.