Tariffs are already having an impact on some businesses, and it comes with planting season right around the corner.
Owners at Bay Shore Sales in Michigan tell AgriPulse that they have been waiting on a liquid storage tank from Canada for some time now. The delivery got delayed Tuesday night, and by Wednesday, they learned it was not coming. He says he is already starting negotiating prices with customers, and will not break agreements already in place.
He says they will likely have to source products that are not subject to tariffs.
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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.
American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.
