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Skill shortage alert in U.S. Agri-Food sector, study shows

By Farms.com

AgCareers.com's recent survey casts a spotlight on the skill gaps that challenge the U.S. agri-food industry's growth. The research underscores an urgent need for skills such as problem-solving, organization, and teamwork, pinpointing these as areas where current and aspiring employees fall short.

This gap is most pronounced among new graduates, with a mere 18% possessing the necessary work-ready skills upon entering the job market, a stark contrast to the 76% readiness rate of experienced professionals. This indicates a crucial area of focus for educational institutions and training programs aiming to prepare individuals for this dynamic sector.

The survey also dives into specific knowledge areas such as sustainability, data science, and food science, with agronomy and precision agriculture emerging as fields requiring immediate attention due to their significant knowledge gaps.

With these insights, AgCareers.com aims to foster a well-equipped workforce that can meet the evolving demands of the agriculture and food industries. The full survey report, available for free download, serves as a vital tool for educators, employers, and policy makers dedicated to closing these gaps and propelling the sector forward.


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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!