The frustration in the room at Commodity Classic has been palpable following a year in 2025 where strong production was again unable to overcome swelling costs and expenses. Farmers here are now looking harder to Washington for answers as another season of negative margins stares them in the face.
Agricultural Economy
Beef, Most Fertilizers Exempt from New Trump Tariffs
A new 10% tariff on goods from around the world took effect Tuesday — with a list of exemptions including beef. Other exemptions affecting the food and agriculture industries include trade-deal compliant goods from Canada and Mexico and some fertilizers.
USDA Seeks Input on Data Collection as Confidence Falls
USDA is asking farmers and other stakeholders to help examine how USDA can improve its data collection and analysis. The department is issuing a Request for Information (RFI) to examine USDA’s statistical data collection, analysis and research.
Ag Industry Calls for Trade Certainty After SCOTUS Strikes Down Trump Tariffs
U.S. agriculture groups responded to the Supreme Court striking down President Donald Trump’s emergency tariffs by calling for increased certainty in trade policy and carveouts for ag inputs in any new tariffs. But, President Donald Trump already said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law.
Ag Economy to Improve Slightly in 2026, USDA Projects
The Agriculture Department is anticipating a slightly easier 2026 for U.S. ag producers, with prices for major commodities nudging higher and input and labor costs moderating, according to USDA Chief Economist Justin Benavidez.
Number of U.S. Farms Shrank by 15,000 in 2025
The number of U.S. farms shrank by 15,000 in 2025, bringing the total to 1.865 million, USDA said (last week) in its Land in Farms report. This continues a long-lasting trend of declining farm numbers. Analysis from the American Farm Bureau Federation noted that farm bankruptcies were also on the rise.
House Ag Committee Releases New Farm Bill, Markup Set for Feb. 23
The House Agriculture Committee unveiled a draft farm bill Friday that would revamp a key international food aid program, boost risk management options for specialty crop growers and nullify California’s controversial Proposition 12 standards for animal welfare.
Cargill Closing Wisconsin Beef Processing Facility
U.S. agribusiness Cargill will permanently close its beef processing facility in Milwaukee, Wisconsin, and eliminate 221 jobs, according to a filing with the state, the latest U.S. beef plant to be shuttered amid rising costs for meatpackers.
Many Producers ‘Fighting for Survival’ in 2026, Survey Shows
The U.S. ag economy enters 2026 in a clear crop-sector recession, but the deeper crisis is one of confidence. High input costs, weak prices, policy uncertainty and eroding trust in data have pushed many producers from planning for profitability into fighting for survival.
U.S. Farm Bankruptcies Increased 46% in 2025
The U.S. Courts report that 315 farm bankruptcies were filed in calendar year 2025, up 46% from 2024. While still down from recent highs, this is the second year in a row of increased filings.
U.S. to Quadruple Beef Imports from Argentina
President Donald Trump on Friday signed an executive order temporarily expanding the amount of beef the U.S. can import from Argentina, a move the White House says is aimed at lowering prices but that the nation’s largest cattle industry group disputes.
Farm Income to Fall in 2026 Despite Hefty Gov’t Payments
In a sign of growing stress for U.S. farmers, the Agriculture Department forecast on Thursday that U.S. net farm income would fall 0.7% this year, despite near-record government payments that are expected to account for nearly 29% of producers’ bottom line.
Ag Leaders Warn of Risk of ‘Widespread Collapse of American Agriculture’
A bipartisan group of former leaders of America’s major agricultural commodity associations and biofuels organizations, farmer leaders, and former senior USDA officials sent congressional ag leaders a letter on Tuesday warning about the deteriorating state of the farm economy, stating there is a risk of ‘widespread collapse of American agriculture.’
EPA Affirms Farmers’ Right to Repair Equipment
Farmers and repair shops are allowed to temporarily override emission control systems for repair purposes, according to guidance issued by the Environmental Protection Agency Monday.
ADM Settles Accounting Probe, Tyson Settles Price Fixing Claims
Archer-Daniels-Midland Co. agreed to pay $40 million to settle a two-year federal investigation into the crop giant’s accounting practices that eroded faith in the company’s transparency. Separately, Tyson Foods has reached a $48 million settlement with restaurants, delis and other food service operators who alleged in a 2018 class-action lawsuit that the company conspired with other pork processors to raise prices.
Trump Says Congress ‘Close’ to Deal for Year-Round E15
President Donald Trump called on Congress Tuesday to resolve differences over year-round sales of E15 fuel and to finalize an agreement that would be a boon for struggling corn farmers.
China Turning to Brazil Soybeans After Meeting US Purchase Pledge
China, the world’s largest soybean importer, has ramped up orders for Brazilian cargoes of the oilseed after meeting an initial shipment volume from the US as part of a trade truce with Washington.
USDA’s Vaden Accuses Nutrien, Mosaic of Fertilizer Price Collusion
Deputy Agriculture Secretary Stephen Vaden (last week) accused Nutrien and Mosaic of working to ‘collude’ to limit U.S. fertilizer supply and control prices, suggesting that the administration could take future action to inject more competition into markets, if necessary.
Congress Creating Ethanol Task Force After Year-Round E15 Deal Fails
Republican U.S. lawmakers plan to create a task force to study potential year-round sales of higher-ethanol E15 gasoline blends in the U.S., after an attempt to pass such legislation in a funding bill this week fell through.
Proposed Gov’t Funding Bills Don’t Include Farm Aid, E15
A package of funding bills assembled by House and Senate appropriators that needs to pass before the end of January does not contain any more aid for farmers. It’s also without a provision authorizing year-round E15 biofuel sales despite a last-minute push from farm-district Republicans.