Disaster aid is vital for many farms and ranches across the United States, but some are concerned with the timing of those payments, saying many farmers are left carrying a heavy burden.
Last December, Congress approved billions of dollars in disaster aid for farmers, but those checks did not start clearing until recently, with some producers having to wait until next month before that relief arrives. Economists at Texas A&M say crop protection tools are also failing, despite a big financial boost in the “Big, Beautiful Bill.”
Some producers are left with losses exceeding $100/acre, with ARC and PLC only covering 37 percent of that. They are calling for stronger trade deals and more ethanol markets to help keep farms afloat.
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As the White House works to close the trade gap, patience is wearing thin for some lawmakers. Senator Chuck Grassley (R-IA) says farmers are getting backed into a corner.
The Consumer Price Index rose 0.4 percent in August, led by higher shelter, food, and gasoline prices. Year over year, inflation is up 2.9 percent.
