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
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
Approximately 42,000 birds were affected in the outbreak, officials said.
Beef demand could be influencing other economic sectors, as consumers adjust spending habits to prioritize higher-priced beef products.
AFBF Economist Bearnt Nelson joins us with insights into current turkey flock sizes, HPAI concerns, and production impacts on holiday demand.
Dr. Beetham outlined the background of the EU’s decision to modernize seed regulations and where the process stands today, and its impact on global agriculture and food security.
“It, all of a sudden, says that tracking and fighting hunger is not a priority, apparently, at the federal level.”