Tariff Revenue from Ag Input Imports was Nearly $1 Billion in 2025

Tariffs imposed by the Trump administration collected an estimated $958 million in revenue from selected agricultural inputs from February to October of 2025, according to North Dakota State University’s monthly Agricultural Trade Monitor. Of that, about $530 million came from farm machinery, $273 million came from agricultural chemicals, $110 million came from fertilizers and $44 million came from seeds.

China’s US Soy Purchases Approach 10 Million Tons

China’s state stockpiler Sinograin bought 10 U.S. soybean cargoes this week, three traders told Reuters on Tuesday. China’s total purchases from the latest U.S. crop were now estimated at 8.5 million to nearly 10 million tons, according to traders and analysts, representing up to 80% of the 12 million metric tons that U.S. Treasury Secretary Scott Bessent said China pledged to buy by the end of February.

FCC Foreign Drone Ban Could Impact US Farmers

The Federal Communications Commission last week blacklisted all new foreign-made drones and components over concerns the equipment poses ‘an unacceptable risk’ to national security. The timing of the ban hits as many farmers are financially struggling in part due to high production costs, making precise application of crop protection products and fertilizers especially important.

USDA Projects $37 Billion Ag Trade Deficit in FY26

The USDA is projecting that the ag trade deficit will shrink in FY2026 even more than previously anticipated. USDA expects the trade deficit to fall from $43.7 billion in FY2025 to $37 billion in FY2026, according to its quarterly trade forecast published Tuesday. In its previous report issued in August, USDA had projected a trade deficit of $41.5 billion this fiscal year.

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