The ag sector is already weighing in on President Trump’s new tariff plan as many speculate over potential ripple effects for U.S. farmers.
National Farmers Union President Rob Larew joined RFD-TV’s Tammi Arender to discuss what he is hearing from the ag community, how the 34 percent tariff on Chinese foods will impact trade tensions for U.S. farmers, and their letter to President Trump, which calls for trade de-escalation with the EU.
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American Soybean Association President Caleb Ragland shares the soybean sector outlook following the announcement of farm aid to offset losses for U.S. row crop growers.
Sen. Deb Fischer, of Nebraska, mentioned that Congress pushing through year-round E15 sales will do more to help commodity growers than more farm aid, which is currently a reality.
Sen. Moran joins us to discuss the farm aid package and the financial reality faced by row crop farmers in his home state of Kansas.
Grain farms still have strong balance sheets, but another stretch of low profits will force hard cost cuts, especially on high-rent, highly leveraged operations.
