House Ag Committee Chair GT Thompson says that the upcoming bridge payments may not be enough to make farmers whole. He warns that producers will likely need a lot more than the $12 billion headed their way.
In an interview with AgriPulse, Thompson says that Congress will need to provide $10 billion more. This would be in addition to the $12 billion in bridge payments due in February, funded through tariffs, to address losses for row crop farmers.
Thompson says that other sectors need help too like dairy, timber, and specialty crops.
Related Stories
RaboResearch says China’s pivot from mass production to innovation-driven growth could reshape global pesticide supply chains — and influence prices and product access for U.S. farmers in the coming years.
Farmers for Free Trade Executive Director Brian Kuehl shares more about the tour to gather farmers’ insights on the economic challenges they face in the ag economy.
Expect modest relief on several produce lines, mixed protein trends into holiday buying, and softer veg-oil costs — a good week to sharpen forward buys selectively.
USDA will meet part of November SNAP benefits under court direction, citing insufficient funds for full payments.
According to the new report, seven out of ten rural bankers support President Trump’s recent trade steps with China, expressing cautious optimism about future export potential.