How ‘America First’ Trade Policy and SCOTUS Tariff Decision Could Impact Farmland Values

Jeramy Stephens with National Land Realty explains how the Supreme Court’s tariff ruling and ongoing ‘America First’ trade policy raise new questions about U.S. farmland values and agricultural market stability.

LITTLE ROCK, ARK. (RFD NEWS) — The Trump Administration’s 2026 trade agenda will continue its “America First” approach. White House officials say that, despite a recent ruling from the U.S. Supreme Court, tariffs will stay in place, selective trade deals will move forward, and critical industries, including minerals used in fertilizer production, will be supported.

The agenda highlights recent agreements with the European Union and Indonesia. Officials also plan agricultural trade missions to connect U.S. producers with overseas buyers. A new “plurilateral” agreement on critical minerals, including phosphate and potash, is in the works to strengthen domestic supply chains.

And USDA says the agricultural trade deficit is expected to fall to $29 billion this fiscal year, down from about $50 billion last year. Undersecretary Luke Lindberg calls it a 43-percent drop and says export gains in dairy, ethanol, and corn have driven the improvement.

The USDA says efforts to expand export markets will continue as the team aims to return to a trade surplus.

From geopolitical tensions to the Supreme Court’s recent tariff ruling, uncertainty continues to ripple across agricultural markets. Those unknowns don’t just impact commodity prices — they can also influence the land market, where confidence and long-term outlook play a critical role.

Jeramy Stephens with National Land Realty joined us on Wednesday’s Market Day Report to discuss what the latest developments could mean for agricultural landowners.

In his interview with RFD NEWS, Stephens discussed the Supreme Court ruling and what it could mean for those who own farmland, emphasizing the need for careful consideration in the current market. He also offered guidance to property owners navigating ongoing market uncertainty and highlighted factors to watch for those considering selling farmland in 2026.

Stephens noted that demand for premium farmland remains strong, making it important for owners to stay informed on market conditions and opportunities.

Related Stories
White House hosts “Celebration of Agriculture” as Trump administration signals new farmer support, including potential tax breaks and upcoming renewable fuel policy updates.
Oklahoma Cattlemen’s Michael Kelsey joined us to discuss wildfire impacts across the Southern Plains, the importance of community support, and the path forward for affected producers.
AFBF Economist Danny Munch breaks down a new Farm Bureau analysis showing that producers now earn less than 6 cents of every food dollar, as farm input costs continue to squeeze margins.
As ag lawmakers in the Senate await the House vote on the Farm Bill, they are eager to discuss the challenges farmers face before it is their turn to take up the critical legislation.
Houston competitor Ainslea Hayes shares what it takes to compete in the ring and carry on a family legacy
Elena Chavez with Halter provided insight into the company’s virtual fencing technology, its adoption in the U.S., and the impact of recent funding on ranching operations.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

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.
Firefighters are making good progress on two major wildfires burning across parts of Nebraska.
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.
This week on Champions of Rural America, Congressman Nick Begich discusses the lease sale, its economic impact, and what it could mean for future energy production in Alaska.
SoilView’s Chris Nelson explains why soil testing is essential, how it enhances nutrient management, and why growers should focus on data-driven strategies to guide planting and fertilization this year.
Corn Refiners Association VP Kristy Goodfellow offered insight into the Feeding the Economy Report’s key findings, showing the breadth of agriculture’s economic impact and the challenges ahead.