The ag sector is weighing on USDA’s new strategy to put small family farms first. With 86% of farms falling in this category, it has a number of provisions aiming to eliminate barriers and keep operations viable.
Iowa Secretary of Agriculture Mike Naig spoke with RFD-TV’s Suzanne Alexander on what stands out to him and farm transition.
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The lower outlook follows months of drought stress across major winter wheat regions, where some producers have abandoned fields or shifted acres to grazing instead of harvest.
Current estimates indicate the federal government could be forced to return more than $150 billion to importers.
Ethanol plants kept production steady, but softer gasoline demand and lower exports may limit near-term momentum.