A group of House lawmakers is asking President Trump to keep farmers in mind when furthering his trade policy, and it comes as another major trade deadline appears on the horizon.
The President is still planning to initiate reciprocal tariffs starting April 2nd, a little over one week away. However, some House Republicans, like Texas Representative Jodey Arrington, are asking for grace, requesting Trump to keep farmers in mind as he furthers his trade agenda.
They write trade barriers opposed by other countries hurt farmers, warning some countries will likely target the U.S. beef industry. Arrington says the U.S. has taken little action over the last few years.
The letter also highlights the growing ag trade deficit, which hit $32 billion last year, the highest on record. USDA’s most recent Farm Income Forecast shows profits are set to increase for the first time this year since 2022, but that is largely because of the assistance package that is currently being distributed.
RFD-TV farm legal and taxation expert, Roger McOwen, joins us with his perspective on what farmers can expect from the delayed aid package.
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Iowa land values dropped 3% year-over-year. Sen. Chuck Grassley said this discomforting pattern is a harbinger of crisis for farmers, as seen in the 1980s.
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Jed Bower, the incoming president of the National Corn Growers Association, joined us for his sector’s perspective on the ongoing government shutdown.
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Treasury Secretary Scott Bessent last week said an announcement would be made on Tuesday. However, that self-imposed deadline has now passed.
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Dr. Todd Davis, Chief Economist with the Indiana Farm Bureau, shares a snapshot of his state’s harvest conditions and insights from producers.
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