How do consumers feel about all this tariff talk?
Researchers at the University of Illinois found it is largely a non-partisan issue, with Republicans and Democrats both saying they expect food prices to rise in the coming months.
The Gardner Food and Ag Policy survey found 85 percent of Democrats expect a larger food bill this year, while around 75 percent of Republicans feel the same. 77 percent of all participants said they are somewhat or very worried about the tariff situation.
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Rather than making “cuts” to SNAP, as has been claimed, the One Big Beautiful Bill merely modifies the program’s funding structure.
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.
