Corn Exports Hold Strong Despite Tariffs

Despite tariffs having a less significant impact on exports, corn producers struggle with tariff-related increases on inputs, which complicates their bottom line.

NASHVILLE, Tenn. (RFD-TV) — Corn exports have not been as heavily impacted by trade tariffs as other commodity crops. However, according to Troy Schneider, a board member of the National Corn Growers Association (NGCA), corn growers still face similar challenges as they navigate the impact of tariffs.

“The tariffs have not affected our exports like they have other commodities,” Schneider said. “We’re seeing record exports of our corn going across the border into Mexico, into other countries, and that’s something we’re excited about.”

The NGCA leader says growers are struggling to keep up with rising input costs, such as those linked to tariffs on steel and fertilizer, impacting their bottom line.

“However, when you have those record high prices—you know, steel, you look at steel—okay, if I wanted to put a new irrigation well in right now, re-drill it, the casing alone would have…I wouldn’t want to guess what the percent-increase would be from five, six years ago, before COVID,” Schneider said. “And so, it’s just those input prices; yes, we are paying it. We’re paying it both ways, in every way.”

NGCA has recently formed a task force to address the growing needs of farmers in its sector, citing the exponential increase in input costs and the need to address these issues as the catalyst for the task force’s formation.

The USDA is set to issue a second ECAP payment and inform farmers that any application approved after September 25 will receive the payment in a single lump sum.

Related Stories
The Meat Institute says meat sales reached a record $112 billion last year as protein demand remained strong nationwide.
National Potato Council CEO Kam Quarles says potato wart could have devastating consequences for U.S. growers and export markets.
Congressman Mark Messmer discusses the Farm Bill, rural investment priorities, Prop 12, and support for farmers facing economic pressure.
Dr. Joana Colussi says differences in input costs, trade conditions, and second-crop risks continue shaping profitability in both countries.
Trade officials discussed export growth, biofuel opportunities and market access during the National Restaurant Association Show.
Current estimates are already hovering around 80 weeks.

LATEST STORIES BY THIS AUTHOR:

The Interior Department is proposing to repeal the Bureau of Land Management’s Public Lands Rule. This move would make huge strides to empower local decision-making and restore balance between conservation and protecting rural livelihoods tied to these public lands.
Mother-daughter RanchHER duo, Lyn and Sherrie Ray, joined us on Wednesday’s Market Day Report for a sneak peek at tonight’s brand new episode of FarmHER + RanchHER.
With new renewable volume obligations announced this year, the Iowa Soybean Association says they’ll be vital to a farmer’s bottom line.
The 2022 Census of Agriculture revealed a more than 30% decrease in U.S. dairy farms since 2017. The shrinking industry is now uniting to advocate for itself while also adopting technology to reduce operational strain.
The September WASDE report comes out on Friday at Noon ET. As always, we’ll bring you those numbers right here on Market Day Report along with our expert
Heritage Cup Begins Sunday, September 14th at 10 AM ET