
SummaryIn this episode, analyst Brian Grete discusses the critical importance of USDA surveys for farmers and the agricultural market. He highlights the declining response rates from farmers, which have dropped from around 80-85% in the 90s to just 40% in recent years. Grete argues that accurate data collection through these surveys is essential for producing reliable estimates on crop production, acreage, and yields, which ultimately affect market prices. He emphasizes that farmers should participate in these surveys to ensure that the data reflects the true state of agriculture, thereby reducing market surprises and complaints about USDA reports.
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