New ‘America First’ Trade Promotion Program Funds Ag Export Expansion, Including $14 Million for U.S. Soy

U.S. Soybean Export Council CEO Jim Sutter joins us to discuss the impact of new trade development funding for U.S. soy.

Soybean plants growing in a field backlit by the sun

bobex73 - stock.adobe.com

WASHINGTON, D.C. (RFD NEWS) — The U.S. Department of Agriculture’s Foreign Agricultural Service has announced additional support for American farmers and producers through the America First Trade Promotion Program, aimed at expanding export markets for U.S. food and agricultural products.

The agency says the funding will help strengthen U.S. agriculture’s presence in existing markets while opening new opportunities for producers around the world.

“USDA’s market development programs have a proven record of delivering for our farmers, ranchers, and producers,” said Under Secretary for Trade and Foreign Agricultural Affairs Luke Lindberg. “Partnering with industry opens new doors for trade, strengthening our position in the global marketplace and advancing the administration’s priority of keeping American agriculture competitive, resilient, and ready to meet growing global demand.”

According to the USDA, the program is a precursor to additional funding tied to the Working Families Tax Cuts, which will provide $285 million annually beginning in fiscal year 2027 to support market development efforts like the Market Access Program and the Foreign Market Development Program.

Officials say the America First Trade Promotion Program will provide funding to 55 nonprofit organizations and cooperatives, helping exporters build relationships and capitalize on new trade opportunities. The funding is designed to complement existing USDA export promotion programs and provide continuity for stakeholders as additional long-term funding becomes available.

The U.S. soy industry is welcoming $14 million awarded through the America First Trade Promotion Program, which leaders will use to equip international buyers with tools to promote U.S.-grown soy in their markets.

U.S. Soybean Export Council (USSEC) CEO Jim Sutter joined us on Monday’s Market Day Report to provide an update on the investment and its implications for producers, highlighting program priorities and explaining how farmers and organizations work together to secure support.

In his interview with RFD News, Sutter discussed the impact of the funding on U.S. soy and outlined key program priorities tied to the investment. He also explained how soybean farmers and organizations collaborate to prioritize needs and submit requests when applying for funding.

Related Stories
ASFMRA’s Brandon Durant discusses rising Southeast land values, development pressures, weather challenges, and how succession planning keeps family farms operating for future generations.
University of Tennessee Associate Professor Dr. Sreedhar Upendram discusses how 4-H, Tractor Supply, and Starlink will improve connectivity and digital education for rural youth.
Mexico is a crucial market for Washington apples, and a recent anti-dumping case adds another trade hurdle as USMCA talks continue.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

Global food insecurity is projected to decline over the next decade as incomes rise and food price inflation eases, though regional challenges will persist.
Syngenta herbicide expert Jeremy Sharp urges farmers to weigh weed control and yield potential before choosing lower-cost products.
USDA Under Secretary Dudley Hoskins highlights basic biosecurity steps as wild bird migration renews concerns about avian influenza in poultry and cattle.
With diesel averaging $6.29 per gallon and propane at $1, some farmers are considering propane-powered irrigation engines and generators to offset costs.
Tight global sulfur supplies and high production costs are pressuring phosphate markets.
The National Corn Growers Association is urging action on E15 and the Farm Bill as larger corn supplies weigh on prices and harvest trails the five-year average.
USDA is awarding $86.6 million to 609 specialty crop projects across 56 states and territories to support research, marketing, food safety, and pest management.
Consumer prices rose 3.7% over the past year, while gasoline prices jumped 34.2%, according to the Bureau of Labor Statistics’ September Consumer Price Index.
Higher corn and soybean prices helped improve farm loan repayment conditions during the third quarter.
U.S. farm debt has topped $605 billion, but vendor financing and other nontraditional lending may mean USDA estimates do not capture the full amount owed.
As fall weaning begins, Jake Charleston explains how Livestock Risk Protection can establish a price floor for calves while allowing producers to benefit if markets rise.
Join the conversation on Wednesday, October 21, at 7:30 pm ET / 6:30 pm CT on RFD-TV to learn about potential sources of aid for older Americans.