Farm Economy
Time is running out for USDA to issue economic relief payments to farmers in the 90-day window set by Congress. According to some sources, producers are banking on the payments, even making business decisions based on projected payment calculations.
Three key provisions in the 2017 Tax Cuts and Jobs Act are set to expire in December. Planning now can help farmers prepare financially if the provisions aren’t extended, says CPA Paul Neiffer.
Secretary of Agriculture Brooke Rollins kicked off the 2025 Top Producer Summit on Tuesday morning, detailing her plan to advocate for trade. ‘We want to find market access for all our products,’ Rollins said.
Rollins’ confirmation was expected, as the Senate maintains its quick pace of confirming President Trump’s key cabinet positions.
From tariffs and trade to the possible impact of President Donald Trump’s plan to cut regulations and taxes, ag economists surveyed in the latest Ag Economists’ Monthly Monitor weigh in on the main factors driving the ag economy in 2025.
A staggering 345% increase in government payments — from $9.3 billion in 2024 to $42.4 billion in 2025 — is the key factor behind the income boost.
Despite economic concerns, row-crop and livestock producers offered a mostly positive outlook on the future of agriculture.
During her confirmation hearing, she emphasized her dedication to agriculture and addressed her stance on ethanol, the Renewable Fuel Standard, tariff impact aid for farmers and Prop 12.
Weighing on Scott Irwin’s mind is whether U.S. grain growers need to get some downside price protection for 2025 crops.
Find out why University of Illinois professor Gary Schnitkey says maximizing profits may not mean maximizing yield.