Tariffs will be top of mind as Ag Secretary Brooke Rollins gets to work at the helm of the USDA. They are a big part of President Trump’s agenda, but some worry the ag industry could see some impacts. One International Policy analyst thinks Trump is putting tariffs on the wrong items.
“If you’re going to do tariffs, don’t do it on things that your firms are buying in order to produce stuff. Do it on the end products, do it on foreign cars coming in that are competing with cars made in America,” said Tim Sargent.
However, one ag economist says tariffs do have a purpose.
“The reason that we use tariffs might be to raise funds. It might be to protect American jobs, to grow American industries, and we can look at that from the slant that, okay, maybe perhaps that’ll work,” said Craig Lemoine.
Yesterday, the President ordered government agencies to study reciprocal tariffs and non-tariff barriers to trade. Their reports are due on April 1st.
Urea and phosphate see the biggest price relief from tariff exemptions, but nitrogen markets remain tight, and spring demand will still dictate pricing momentum.
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New SDRP funding and expanded loss programs give producers additional tools to rebuild cash flow and stabilize operations after two years of severe weather losses.
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The new WOTUS proposal narrows federal jurisdiction, restores key agricultural exclusions, and gives farmers clearer permitting rules after years of regulatory uncertainty.
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Tariff relief may soften grocery prices, but it also intensifies competition for U.S. fruit, vegetable, and beef producers as cheaper imports regain market share.
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The ACRE Act modestly reduces farmland borrowing costs now, with more savings possible once federal guidance clarifies which loans qualify.
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ARC-CO delivers the bulk of 2024 support, offering key margin relief as producers manage tight operating conditions.
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