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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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.
Fewer placements and historically low marketings point to tighter cattle supplies ahead, with Nebraska and Kansas gaining ground as Texas feedlots face supply pressure and the threat of New World Screwworm.
A new study by the National Grains and Feeds Association found that their industry generates $401.7 billion in economic output and supports over 1.16 million jobs nationwide.
