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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U.S. Senator Joni Ernst (R-IA) joined us on Wednesday’s Market Day Report to share why Ames is uniquely positioned to support expanded USDA operations.
Iowa land values dropped 3% year-over-year. Sen. Chuck Grassley said this discomforting pattern is a harbinger of crisis for farmers, as seen in the 1980s.
Jed Bower, the incoming president of the National Corn Growers Association, joined us for his sector’s perspective on the ongoing government shutdown.
Treasury Secretary Scott Bessent last week said an announcement would be made on Tuesday. However, that self-imposed deadline has now passed.
Expect firm demand for dependable HRS and SW, steady movement in HRW, more sorting on SRW, and selective bids on durum until full milling results are released.
