# What could eat into farm profitability in '23? | Profitability | farmweeknow.com

> American Farm Bureau economists discussed top risks to farm profitability in 2023 at their convention in Puerto Rico. Topics included China lowering some ag import tariffs, countries banning fertilizer exports, and a dispute with Mexico over its proposed ban on US genetically modified corn.

- Date: 2023-01-17 · published 2023-01-17T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/37771-what-could-eat-into-farm-profitability-in-23-profitability-farmweeknow-com
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Fertilizer export bans and a possible Mexican ban on US GM corn could tighten input supplies and reduce US corn export demand. Both are risks to corn prices and feed costs.

## Read by commodity

- CORN: bearish ▼
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-01-25 | [Trade duties disrupt fertilizer flow; ag groups respond \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/43457-trade-duties-disrupt-fertilizer-flow-ag-groups-respond-profitability.md) | +2.6% | +7.9% |
| CORN | 2017-05-03 | [U.S. farm groups seek trade stability amid turbulence over NAFTA \| 2017-05-03 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/70980-u-s-farm-groups-seek-trade-stability-amid-turbulence-over-nafta-2017-05-03-agri.md) | +0.5% | +1.2% |
| CORN | 2017-07-24 | [Weekly Grain Movement - July 24, 2017 \| Farm Progress](https://feedsoft.ai/events/69858-weekly-grain-movement-july-24-2017-farm-progress.md) | -0.9% | -5.6% |
| CORN | 2024-06-13 | [Falling demand for wheat and corn in China could crash global markets](https://feedsoft.ai/events/14743-falling-demand-for-wheat-and-corn-in-china-could-crash-global-markets.md) | -2.1% | -8.8% |
| CORN | 2020-06-17 | [Farm Bailout Payments Could Ignite New Front in Trade War \| Environmental Working Group](https://feedsoft.ai/events/52601-farm-bailout-payments-could-ignite-new-front-in-trade-war-environmental-working.md) | -0.6% | -1.6% |
| UREA | 2021-08-15 | [Fertilizer demand remains strong \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/45869-fertilizer-demand-remains-strong-profitability-farmweeknow-com.md) | -0.4% | +19.8% |
| UREA | 2025-01-13 | [Tight global supply keeping fertilizer prices elevated \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/26832-tight-global-supply-keeping-fertilizer-prices-elevated-profitability.md) | +0.4% | +13.8% |
| UREA | 2022-01-25 | [Trade duties disrupt fertilizer flow; ag groups respond \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/43457-trade-duties-disrupt-fertilizer-flow-ag-groups-respond-profitability.md) | +1.6% | -9.7% |

## Sources

- farmweeknow.com: https://www.farmweeknow.com/profitability/what-could-eat-into-farm-profitability-in-23/article_bb2fbf14-9111-11ed-8d89-8790e766aa19.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.