NASHVILLE, TENN. (RFD-TV) — Input costs are top of mind for farmers, as they contribute to higher prices and smaller profits. The U.S. Senate Judiciary Committee is currently hosting a Tuesday hearing to examine input costs as part of a full committee hearing on competition issues in the seed and fertilizer industries.
“Now, nobody here wants to punish innovation,” said Sen. Chuck Grassley (R-IA). “We want better yields, healthier soils, quality products, and we’ve been vastly improving in that area for the last 40 years. But we also want competition that’s fair, transparent, and local competition that a farmer can actually express when he or she sits down to make a purchase.”
This is a developing story. We will continue to keep you updated on the hearing on the Market Day Report and Rural Evening News.
Related Stories
Clear right-to-repair guidance reduces downtime, repair costs, and operational risk.
Texas Lawmakers Issue Disaster Declaration as New World Screwworm Threat Moves Closer to U.S. Border
Texas Agriculture Commissioner Sid Miller discusses the state’s latest efforts to prevent the New World screwworm from reaching Texas.
Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
The biggest development of 2025 in agricultural law and taxation was the signing into law on July 4 of the Trump Administration’s landmark legislation, the “One Big Beautiful Bill” Act (OBBBA)
House Agriculture Committee Chairman “GT” Thompson is pushing a “Farm Bill 2.0.”
Falling livestock prices, combined with higher input costs, continue to squeeze farm profitability heading into 2026.