Revisiting Maryland and Eastern Shore Agriculture in July 2019
Introduction:
The turbulence being felt in 2019 across the country has affected Maryland and the Eastern Shore. The combination of more and more frequent weather extremes (particularly rain), farm season delays, shrinking export markets, the challenge deciding what to rotate, plant or raise, i.e., determining what will turn a profit, not a loss, is no longer relatively routine.
Unlike other US trade in goods and services, agriculture has consistently run at a surplus. In FY19, US farm exports are projected to total $141.5 billion, creating a surplus of $14.5 billion, the lowest since FY07. The net reduction in US farm exports this fiscal year is projected to be about $3.1 billion.
The decline in exports to China clearly has had a near-term negative impact, but a major longer-term concern is the possible permanent shifts in import patterns by China; Brazil and Russia could pick up part or all of the former US share.
Maryland and the Eastern Shore:
Agriculture is extremely important to the economies of Maryland and to our own Eastern Shore. There are approximately 6000 farmers; farms occupy the largest slice of Maryland’s land—about 32% of the total—and some 350,000 people work on or around them.
In FY18, the Maryland Department of Agriculture reported this sector is the largest commercial industry in the state. Livestock products earn the biggest share of all Maryland’s agricultural revenues. In rank order, the following are the other major profit points: broilers, greenhouse and nursery products, dairy products, corn for grain, and soybeans.
Therefore, recent weather and market issues in the Midwest and California have also become significant planning factors for Maryland and Eastern and Western Shore farmers.
Soybeans from Salvation to Something Less:
Wicomico County farmers knew that the 2019 extra wet spring followed by the early summer extra dry conditions signaled delayed planting schedules and raised questions of crop rotation. Not helping them is the slide of prices for soybeans, down over $2.00 since early 2019. Soybeans is the largest crop by acreage planted in Maryland and substantial in the 9 Eastern Shore counties. The counter tariffs imposed by China have hit soybeans hard, given it was the major US importer (in 2018, 60% of the total grown).
The US Department of Agriculture announced more bad news recently when it lowered the FY19 forecast of US soybean exports by 75 million bushels.
Common Sense for the Eastern Shore




