The Trump administration is examining whether a diesel export ban is a feasible way to address record-high prices for the critical fuel, Treasury Secretary Scott Bessent said Tuesday. Many of the calls for a diesel export ban are coming from lawmakers in states with agriculture-rich economies, like Iowa Republicans Sen. Chuck Grassley and Rep. Ashley Hinson.
Agricultural Economy
Trump Says US Working to Buy Cheaper Potash from Belarus
President Donald Trump on Monday announced that he is working on a “massive deal” to purchase potash, a key fertilizer, from Belarus. “The pricing would be for substantially less than we are currently paying to Canada, very good news for our Farmers and Ranchers,” Trump said on his social media site, Truth Social.
China Hasn’t Met Pledge to Increase US Ag Purchases, Except for Soybeans
China is over halfway to meeting its pledge to buy 25 million tons of US soybeans this year, but progress on a separate commitment to spend at least $17 billion more on American crops has largely stalled. In the first seven months of 2026, China bought only $3.9 billion of U.S. agricultural products, excluding soybeans, according to the most recent Agriculture Department data, only slightly more than during the same period last year.
USDA to Reopen New Mexico Border Port to Cattle
U.S. Agriculture Secretary Brooke Rollins said on Wednesday that the Department of Agriculture is preparing to reopen the Santa Teresa, New Mexico, port of entry at the U.S.-Mexico border. The agency said that operations will start slowly with an initial limit of 750 head of cattle per day.
Farm Bill Likely to Advance as McConnell Returns to Senate Ag Committee
The Farm Bill will once again be in front of the Senate Agriculture Committee for a vote on Wednesday, with the return of Senator Mitch McConnell from a several month absence giving Republicans enough votes to advance the legislation out of committee if they remain unified.
USDA Seeks Info from Farmers About Fertilizer ‘Cartel’ Practices
U.S. Department of Agriculture Deputy Secretary Stephen Vaden was in Iowa Friday, asking farmers from across the country to share their experiences dealing with consolidation and pricing issues in the fertilizer industry. Separately, the Senate Agriculture Committee will return to action on Wednesday for another vote on its currently stalled Farm Bill 2.0.
Farmers Adopting AI Faster than any other Tech
Artificial intelligence use is surging on farms as growers look for some high-tech help in planning and managing operations after years of scaling back on spending, according to McKinsey & Co. Some 17% of the world’s farmers now use generative AI in farm-related tasks, making it one of the fastest-growing technologies in agriculture.
Record Diesel Prices Threaten Farm Margins as Harvest Begins
Skyrocketing diesel costs are threatening to squeeze farm profits, just as U.S. crop growers were starting to catch a break. The average price of U.S. diesel reached a new all-time high of $5.94 a gallon on Wednesday, up four cents from the prior record set Monday over the travel-heavy Labor Day weekend, according to automobile club AAA. Prices are up 61% from a year ago.
Farmers, Ag State Lawmakers Brace for Escalating Canada Trade War
American farmers are bracing for the impact of new tariffs exchanged between the U.S. and Canada on both their supply costs and their sales. Additionally, farm state Republicans say they want deescalation in Trump’s trade war with Canada, wary of another blow to growers who have suffered financially this year.
Trump Says Brazil, Argentina Will Supply Tariff-Free Beef Imports
President Donald Trump said Friday that tariff-free imported beef will be coming from Brazil and Argentina, among other places, as his administration works to alleviate stubbornly high prices.
USDA’s 2026 Farm Income Outlook Improves, but Expenses Sharply Higher
The U.S. Department of Agriculture has raised its forecast for U.S. farm income in 2026, but the improved headline number masks a more difficult financial picture for farmers as production expenses climb, debt increases and government payments account for a growing share of sector income.
DOJ Expands Beef Price Investigation to Major Retailers
The U.S. Department of Justice on Tuesday said it is expanding its investigation of record high beef prices to eight major grocery chains — Kroger, Walmart, Publix, Albertsons, Aldi, Ahold Delhaize, Costco and Amazon.
Trump Seeks to Ease Meat Processing Regulations, Targets Big 4 Meatpackers
President Donald Trump is moving to give ranchers a new way around the powerful meatpacking companies that stand between their cattle and the grocery-store shelf, following backlash in farm country over his decision to allow more foreign beef imports.
First US Phosphate Fertilizer Plant in 40 Years Planned in Louisiana
Farm cooperative CHS Inc. and fertilizer producer OCP North America are proposing a $450 million phosphate fertilizer plant in Louisiana, bolstering domestic supplies as global conflicts have increasingly thwarted the flow of foreign crop nutrients.
Cattle Groups Protest as Trump Signs Beef Import Plan
In an unprecedented display of industry-wide unity, four of the nation’s largest livestock organizations have jointly petitioned President Donald J. Trump to immediately reverse his administration’s proposed 90-day beef import initiative.
Cattle Producers, Lawmakers Condemn Trump’s New Beef Import Plan
President Donald Trump said on Friday he will temporarily ease beef tariffs to help lower prices, although U.S. cattle producers warned the move would hurt efforts to rebuild herds and economists said it would have little effect on prices.
Diesel Prices Soar Ahead of U.S. Harvest Season
Diesel prices are soaring just as the energy-thirsty peak of harvest season looms for many of the country’s largest crops. Mid-August diesel prices are at their highest levels in the last decade, per AAA data.
Corn Futures Above $5 for First Time in 18 Months
Corn futures topped the $5-a-bushel mark for the first time in 18 months as weaker-than-expected US crop tour results add to global supply concerns for the staple grain.
Morocco Phosphate Fertilizer Returns to U.S. Market
A vessel carrying approximately 54,000 metric tons of Triple Super Phosphate has arrived at the Port of New Orleans, marking the return of Moroccan phosphate fertilizer to the U.S. market following temporary relief from countervailing duties, OCP North America announced.
Inflation-Adjusted Midwest Farmland Values Fall Most Since 2016
When adjusted for inflation, values in the Federal Reserve’s Seventh District fell 3.7% year over year in the second quarter of 2026 — the steepest real decline in a decade — even as demand from data centers and solar farms helped prop up prices.