Ag lawmakers are responding to the tariff rollout and the subsequent retaliatory tariffs.
Iowa Senator Chuck Grassley says while there may be some uneasiness oout there, this is what the voters wanted.
“I think we have to realize that he’s just doing what the voters voted him to do and we’ll just have to see how it works out.”
Canada is a major supplier of potash to the United States. Senator Grassley says there has been no request to the White House yet for a potential waiver. They have also hit back with their own tariffs, 25 percent on around $30 billion of U.S. goods, which will continue until the U.S. drops its tariffs against Canada.
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As the Trump Administration seeks out new global trade partnerships, Congress is considering more support for farmers, which comes as the Federal Reserve warns that farmers need a safety net.
Ag Secretary Brooke Rollins will travel to Europe and Asia to seek new trade partnerships for U.S. crops after China reduced imports due to tariffs.
The $221 million will help farmers and ranchers cover losses from Hurricane Helene that USDA programs didn’t cover. They’ll focus on infrastructure, markets, timber, and future economic losses.
Tom Peterson with the New Mexico Cattle Growers Association says taxpayers are “unfortunate casualties” of this overlay now that the Mexican wolf population is stable under ESA guidelines.
Co-Bank Lead Dairy Economist, Corey Geiger, joined us on Friday’s Market Day Report for a further look at the drop in replacement heifers and the trend’s longterm impact on dairy producers and cattle prices.
