“Our farm economy is in a dire situation": Industry leaders urge farm trade prioritization

The Finance Committee held a hearing focused on trade and supply chains.

Ag voices were part of the conversation, including the American Soybean Association. President Caleb Ragland shared concerns about the economic pressure farmers are facing and urged lawmakers to focus on expanding market access in future trade deals.

“Our farm economy is in a dire situation. Commodity prices are down nearly 50% from three years ago, while farmers are still facing elevated prices for land, seeds, fertilizer, and pesticides. As the Administration negotiates with trading partners to reduce barriers and address reciprocal trade issues, we encourage this committee to press the White House on the importance of market access for U.S. agriculture. My written testimony includes specific asks of our industry, including a strong plea to couple this reciprocal tariff strategy with swift negotiations to reduce tariffs and remove market barriers for U.S. ag products.”

In a follow-up, Iowa Senator Chuck Grassley asked which countries could serve as future markets for U.S. soy products beyond China. Ragland pointed to India, noting its large population but acknowledging trade with the country remains complex.

Related Stories
From projected drops in input costs to biofuel expansion and the USDA’s new “One Farmer, One File” initiative, Ag Secretary Brooke Rollins shared key policy priorities at Commodity Classic that put farm issues back in the spotlight.
NCBA Chief Counsel Mary-Thomas Hart discussed the legal process behind delisting the prairie chicken, the challenges ranchers faced under the bird’s previous protections, and the benefits of cooperative habitat management for both livestock and wildlife.
U.S.-Mexico agricultural trade faces uncertainty in 2026 as tariffs and cartel violence threaten farmers and ranchers. Congressman Henry Cuellar and Texas leaders weigh in on impacts and risks.
Through “One Farmer, One File,” USDA’s mission is to create a single, streamlined record that follows the farmer — no matter where they go in the USDA system.
USDA headquarters downsizing reflects cost pressures and may reshape agency operations.
USDA Farmer Bridge Assistance payments could begin this weekend as producers face tight margins, shifting acreage expectations, cattle herd contraction, and growing pressure for a stronger farm safety net.

LATEST STORIES BY THIS AUTHOR:

Jeramy Stephens with National Land Realty explains how the Supreme Court’s tariff ruling and ongoing ‘America First’ trade policy raise new questions about U.S. farmland values and agricultural market stability.
The San Antonio Stock Show and Rodeo concluded last night, marking the end of another successful year showcasing youth exhibitors, livestock producers, and the spirit of agriculture.
Kurt Kovarik of Clean Fuels Alliance America joined us to break down the latest developments in the Renewable Fuel Standard rulemaking process and what it could mean for agriculture, energy markets, and rural economies.
Jennifer Tirey of the Illinois Pork Producers Association joined us to discuss efforts to bring pork back into Chicago Public Schools, the nutritional benefits for students, and what the decision could mean for pork producers across the state.
Farmer and retired colonial Joe Ricker joined us to highlight Ag Safety Awareness Program Week, share his work supporting veterans and farmers, and offer guidance on making safety a year-round priority on the farm.
High fertilizer costs and global risks threaten spring margins for growers.