The USDA said Monday it was lifting its forecast for the harvest.
The agency’s first harvest will be in February 2019, with the last harvest expected to be in late 2019 or early 2020.
The USDA’s first report for 2019 shows a 10.3% increase in the amount of corn and 6.9% in the value of soybeans, while the last report shows a 3.5% decline.
The Agriculture Department said it was expecting an 11.1% increase.
The corn harvest is expected to exceed $1.5 billion, with a $1 billion gain in soybeans.
The soybean harvest is projected to be $1,068 billion.
“While we have seen a lot of optimism with the U.N. and global economic outlook, it is still too early to say that we can be sure of a full recovery, and we don’t see any indication of a sustainable recovery,” said Greg Johnson, director of the USDA’s Economic and Social Research Institute.
“With the current uncertainty and the potential for severe weather events, we can’t be certain we will have the crops we want.”
The USDA is expecting to harvest around $2.5 trillion in corn and $2 trillion in soybean.
But with a 6.7% decrease in wheat and a 7.5 percent decrease in corn, the USDA says the harvest could be between $2 billion and $3 billion lower than it is today.
The farm bill passed in December includes $2,000 in agricultural subsidies for farmers, a boost to food stamp recipients, and the extension of an ethanol mandate that expires in 2022.
The budget also contains $100 million in emergency spending, including $1 million to help farmers deal with the impacts of the drought, Johnson said.
“We have to be careful not to make any decisions based on a certain amount of confidence, or even a certain number of confidence,” he said.
The Congressional Budget Office estimates that the bill will add $890 billion to the deficit over the next decade.
The Farm Bill bill is a compromise between the Democrats and Republicans in Congress.
Democrats are pushing for a 10-year extension of the ethanol mandate, which is set to expire in 2022, and also include $20 billion to support farmers through a food stamp program.
The bill also includes an emergency relief program for farmers.
But Johnson said the Senate has not yet agreed to the House bill, which contains $1 trillion in new farm spending.
“This is the most important piece of legislation that we have gotten in our lifetimes,” Johnson said of the farm bill.
“But right now it’s too early for us to tell what the final outcome will be.” “
The farm spending is part of the $1tn farm bill the White House announced Monday that includes $1-trillion in farm-related investments, including investments in research and development and other new investments. “
But right now it’s too early for us to tell what the final outcome will be.”
The farm spending is part of the $1tn farm bill the White House announced Monday that includes $1-trillion in farm-related investments, including investments in research and development and other new investments.
Johnson said there is a lot more to be done to increase crop yields and improve production.
“There are a lot less acres than we thought,” he added.
“It’s really hard to make decisions when there’s so much uncertainty.”
The Department of Agriculture is spending $100 billion on food stamp benefits in the first 10 months of 2019, up from $84 billion in 2018.
The government will also spend $10 billion to assist farmers in states that have a drought emergency, Johnson added.