Ag lawmakers are asking questions this week over President Trump’s spending freeze and what it means for farmers. Some groups say they are now out millions of dollars.
Senate Ag Committee Ranking Member Amy Klobuchar and other democrats have written USDA, asking for details about how the freeze impacts farmers and ranchers. DTN reports the Iowa Soybean Association has sent letters to lawmakers, warning $11 million is at stake for their growers.
The spending freeze is currently held up in the courts. The Trump Administration says the pause is only temporary as the Administration works to get rid of wasteful spending.
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Elizabeth Strom with the American Society of Farm Managers & Rural Appraisers (ASFMRA) joined us to share the latest on harvest progress and market activity in her area.
NCBA CEO Colin Woodall says more conversations need to occur with stakeholders present surrounding President Trump’s proposal to lower consumer beef prices with Argentinian imports.
API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
Lawmakers are pressing for answers on how Washington’s “managed trade” approach — keeping leverage through long-term tariffs — will affect farmers, global markets, and future export opportunities.
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
