The list of challenges continues to grow for farmers, Modern Ag Alliance warns

Farmers and ranchers face a lot of unknowns right now. Executives at Modern Ag Alliance warn the list of challenges is growing.

They point to several issues, like the growing number of farm bankruptcies. The Farm Bureau reports 216 farms filed for Chapter 12 Bankruptcy last year, which is a 55 percent jump from 2023. An even more alarming issue they say surrounds the threat of losing glyphosate. They say it has been under attack for some time now, but remains a critical tool for farmers.

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Herd rebuilding looks slow, keeping cattle prices supported; beef-on-dairy crosses help fill feedlots, while imports temper—but don’t erase—tightness.
China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
Lamb prices have seen a surprising surge driven by a tight supply and increasing demand in non-traditional markets.
Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.