President Donald Trump said his administration had struck an agreement to bring down the price of beef for consumers during an event in the Oval Office on Thursday. Trump didn’t provide details on what the federal effort entailed, but conceded that beef was one area where his efforts to fight inflation hadn’t paid enough dividends.
Agricultural Economy
Immigration Crackdown Hurting Ag, Labor Dept. Concedes
The Trump administration said that its immigration crackdown is hurting farmers and risking higher food prices for Americans by cutting off agriculture’s labor supply. The Labor Department made this case in paperwork documenting a new rule that took effect Oct. 2 that effectively lowers pay for seasonal migrants working in agriculture under the H-2A visa program.
Farmer Sentiment Holds Steady as Tariff Support Drops
US farmers are concerned about current economic conditions but are optimistic about the long-term outlook of the agricultural economy, according to survey results released on Oct. 7 by Purdue University and the CME Group.
Farmer Aid Reportedly Delayed by Gov’t Shutdown
The Trump administration has pushed back its plans to roll out economic aid for farmers this week due to the government shutdown, according to four people familiar with the talks. Still, some of the people familiar expect that Trump could go rogue and announce next steps on bailouts this week.
Farmer Aid of as much as $15 Billion Expected this Week
The Trump administration is expected to announce a plan as soon as Tuesday (today) to bail out U.S. farmers stung by trade disputes and big harvests, with the initial outlay potentially totaling up to $15 billion, according to sources familiar with the matter.
Low Mississippi River Levels to Again Disrupt Harvest Shipping
Water levels in parts of the Ohio and Mississippi rivers are likely to reach critically low stages soon, forcing shippers to light-load harvest-season grain barges for the fourth year in a row.
Trump Considering at least $10 Billion for Farmer Aid, Announcement Next Week
President Trump is considering providing $10 billion or more in aid to U.S. farmers as the agriculture sector warns of economic fallout from his far-reaching tariffs, according to people familiar with the discussions. Treasury Secretary Scott Bessent said Thursday U.S. farmers could see an announcement on a ‘substantial support’ package as soon as next Tuesday.
DOJ, USDA to Examine Rising Farm Input Costs
The U.S. Department of Justice antitrust division will work with the Department of Agriculture to look closely at the rising cost of agricultural inputs like fertilizer and seeds under a memorandum of understanding signed on Thursday, said Agriculture Secretary Brooke Rollins.
Tariff Revenue to Fund Farmer Bailout, Trump Says
President Donald Trump said Thursday that he will use tariff revenue to offer cash bailouts for farmers who are struggling with trade uncertainty and other economic headwinds.
Soybean Producers Frustrated Over US Support for Argentina
Treasury Secretary Scott Bessent said Wednesday that the U.S. will offer financial support to Argentina to prop up its ailing economy, prompting frustration from soybean producers, for whom Argentina is a key competitor.
China’s Soybean Buyers Turn to Argentina, Continue Shunning US
Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires on Monday scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices.
Tariffs Could Fund Farm Economic Aid, Ag Sec Rollins Says
The Trump administration is drawing up plans to use tariff revenue to fund a program to support US farmers as they head into harvest facing falling export sales and rising input costs, agriculture secretary Brooke Rollins said.
USDA Considering Economic Aid, Secretary Rollins Says
The U.S. Department of Agriculture is working with Congress to evaluate whether economic aid might be needed for the nation’s farmers this autumn amid trade disputes and record-high yields, Agriculture Secretary Brooke Rollins said on Monday.
USDA Again Increases Corn Planted Acreage, Production
The USDA this past Friday raised its 2025 U.S. corn production estimate to a record 16.814 billion bushels. It projected a record average yield of 186.7 bushels per acre, down from 188.8 bushels per acre in August. Both figures were above analysts’ expectations.
Ag Trade Deficit Hit Another Record High in July
The US agricultural trade deficit widened further in July, with agricultural exports lagging imports by $4.97 billion in July, a gap 9% wider than a year earlier and the largest on record for the month. That pushed the sector’s deficit to an unprecedented $33.6 billion for the first seven months of the year.
House, Senate Ag Chairmen Considering Market Aid for Farmers
House Ag Committee Chair Glenn ‘GT’ Thompson told Agri-Pulse Newsmakers he still wants to take committee action on ‘farm bill 2.0’ in September and is eyeing including farm aid payments funded through tariff revenue, while Senate Ag Committee Chair John Boozman said “everything is on the table” to help farmers.
California Senate Passes Bill to Allow E15 Fuel Sales
California lawmakers on Wednesday voted to allow the sale of a higher-ethanol gasoline blend that could help bring down fuel prices in the largest U.S. auto market. California had been the only U.S. state that did not allow sales of E15, a blend containing 15% ethanol.
USDA Lowers Farm Income Forecast, Remains Well Above 2024
The USDA is lowering its forecast for farm earnings in 2025 as declines in the crop sector more than offset soaring incomes for cattle producers. Even with the lower numbers, both the estimates for net farm income and net cash income this year are above the 20-year average, largely due to an influx of government payments to row crop producers.
US Farmer Sentiment Hits 12 Month Low in August
United States farmer sentiment hit a 12 month low in August as producers expressed less optimism about the future and reported weak financial expectations for their farms in the coming year. It was the third month in a row that the barometer has declined.
USDA Projects Ag Trade Deficit Will Fall to $41.5 Billion in 2026
USDA’s quarterly trade outlook lowered the projected trade deficit for fiscal 2025 to $47 billion from the $49.5 billion estimated in June. The deficit is projected to drop to $41.5 billion for fiscal 2026, which starts Oct. 1, because U.S. ag imports are expected to fall even more than exports.