Some money previously frozen when President Trump took office will soon be released. USDA says it centers around conservation.
The money was tied up while officials reviewed spending from the Inflation Reduction Act. In a release, the Department says Secretary Rollins will release around $20 million already promised to farmers and ranchers. It centers around several conservation programs, like the Conservation Stewardship Program.
Rollins says they will honor those commitments to ensure American producers have the tools they need to remain competitive.
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Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
USDA’s report shows wheat strength overall, with winter wheat yields setting records, while spring wheat and rye saw declines. Oats and barley remain constrained by record-low acreage despite stable or rising yields.
Bigger-than-expected corn and wheat stocks are bearish for prices, while soybean figures were neutral. Farmers may face additional price pressure as harvest accelerates.
Taiwan’s pledge to expand imports strengthens export prospects for U.S. row crops, livestock products, and specialty commodities, while the USDA’s broader trade push seeks to diversify farm markets globally.
The shutdown is yet another hurdle for producers navigating a challenging year marked by high input costs, volatile markets, and uncertain trade conditions.
Under this agreement, SCDA will administer a program covering infrastructure and timber losses, as well as future economic and market losses.
