Richard Fordyce is also waiting for his time before lawmakers. He has been picked for Undersecretary for Farm Production and Conservation. It would be his second go-around with USDA, an opportunity he says he is excited about.
“You know, it’s been four years since I’ve been at USDA as the administrator, so you know, I think it’s going to take some time to get in and see how things are different today, and so I don’t really have any planned things on a bucket list other than to do our very best to represent American agriculture, and specifically, farmers and ranchers across the country.”
Farming is in Fordyce’s blood, saying it makes him uniquely qualified for the role.
“I’m a farmer from Northwest Missouri. You know, that’s all I’ve ever wanted to be when I was growing up and wanted to be like my dad and, you know when I went to work last time at USDA. I mean, what a thrill. You know, what a thrill to be a part of some of the programs that we did then. We implemented the 2018 Farm Bill, which, man, that was an insight into an activity that I would have never guessed I would have had the opportunity to do.”
Fordyce will have to be confirmed by the Senate before taking office. So far, his hearing has not been scheduled.
USDA’s Quarterly Grain Stocks report shows increased supplies across all major commodities, with corn, soybeans, and wheat stocks all rising compared to a year ago. Lewis Williamson with HTS Commodities discusses producer and market sentiment ahead of the key report.
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Tony St. James and StoneX’s Arlan Suderman provide real-time insight on the USDA’s annual Prospective Plantings report, which shows a shifting acreage across commodities, with farmers planning to cut back on corn and wheat while increasing soybean and cotton acres.
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SBA Administrator Kelly Loeffler breaks down the Grocery Guarantee Program, its goals for expanding farmer access to capital, and its potential impact on food production and prices.
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Lower shipping costs alone will not restore export competitiveness.
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The USDA’s upcoming reports will drop on Tuesday afternoon, giving the trade real results on acreage shifts, drought concerns, and ongoing trade tensions, adding uncertainty for U.S. farmers.
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At the White House’s “Celebration of Agriculture,” the Trump Administration announced a slate of policies to support farmers and ranchers, including biofuel mandates, SBA loan programs, and new labeling policies to boost domestic markets for ag products.
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