Tomorrow is the tentative start date for 25% tariffs on both Canada and Mexico, both major U.S. ag trade partners.
The move has been met with mixed reviews, as all of agriculture speculates over the potential impact for farmers on both sides of the border.
StoneX Chief Commodities Economist, Arlan Suderman spoke with RFD-TV’s own Suzanne Alexander on what he is hearing from clients, the impact on the ag industry, and what producers need to keep in mind.
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Rather than making “cuts” to SNAP, as has been claimed, the One Big Beautiful Bill merely modifies the program’s funding structure.
Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
Year-round sales of E-15 are another major topic on Capitol Hill, which, according to Rep. Adrian Smith (R-NE), is one issue up for debate this session with significant bipartisan support.
Lawmakers have until September 30 to shore up federal spending for next year, or risk a government shutdown. The Farm Bill is also set to expire the same day.