Farmer sentiment has climbed to a four-year high, largely driven by a more optimistic view of ag export prospects.
That is according to the May Ag Economy Barometer, which rose ten points higher than the previous month.
Dr. Jim Mintert with Purdue University spoke with RFD-TV’s Suzanne Alexander about contributing factors, free trade benefits, and Trump’s immigration policy.
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Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
Year-round sales of E-15 are another major topic on Capitol Hill, which, according to Rep. Adrian Smith (R-NE), is one issue up for debate this session with significant bipartisan support.
Lawmakers have until September 30 to shore up federal spending for next year, or risk a government shutdown. The Farm Bill is also set to expire the same day.
American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.