Later today, Congress will begin marking up bills for the budget reconciliation, and there is a lot at stake for the ag sector as both chambers have been tasked with cutting billions of dollars.
The Senate Budget Committee is looking at cutting around $5 billion over the next decade, with a billion of that coming from agriculture. House leaders say they will reject that plan, insisting their own bill addresses each of President Trump’s agenda items.
A recent budget release from the White House shows the House Ag Committee must cut $230 billion over the next ten years. It also calls for $100 billion in new military spending, with $90 billion for border security.
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Potash has seen the most significant decline, falling 11 percent over the same five-year period.
Secretary Rollins’ plan targets high costs, labor challenges, and export growth, delivering relief at home while building markets abroad.
Speaking about his administration’s tariff strategy, Trump acknowledged that producers could face financial strain in the short term but promised stopgap support.
Rising cow numbers and higher yields are boosting milk supplies, which may keep pressure on prices and farm margins into the fall.
U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
