Trade is top of mind for agriculture amid this week’s tariff developments. While the situation remains fluid, many are keeping a close eye on potential implications for the supply chain.
American Farm Bureau Economist Betty Resnick spoke with RFD-TV’s own Tammi Arender on the ripple effects with our top trading partners, the outlook with China, and the most impacted crops.
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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.