USDA Faces Declining Farmer Participation in Surveys, Impacting Data Accuracy
American farmers are increasingly opting out of participating in surveys conducted by the U.S. Department of Agriculture (USDA), leading to a significant drop in response rates. In March, only 36% of the 73,800 farm operations surveyed responded to the USDA's annual prospective planting report, a sharp decline from 60% in 2018. This trend is attributed to farmers' growing distrust in the USDA's data, which they feel often works against them, especially in light of abundant harvests that have kept crop prices low. The lack of participation has resulted in unexpected market volatility, as seen in January when the USDA's unexpected increase in the U.S. corn crop estimate led to a significant drop in futures prices. The USDA is attempting to address this issue through initiatives like the 'One Farmer, One File' program, which aims to streamline data collection and improve survey participation.