U.S. Department of Agriculture
July WASDE report cuts corn supplies more than expected, tightening global stocks and raising stakes for rest of growing season.
The goal is to increase domestic fertilizer supply and strengthen the supply chain.
In late June, the agency revised its technical guidelines for biofuel feedstocks related to the 45z tax credit.
USDA says Trump’s executive order suspending phosphate duties could cut fertilizer prices by about 22%, saving U.S. farmers an estimated $1.82 billion annually across 97 million planted acres.
Corn acres hold at 95.3 million — exceeding trade guesses — while USDA reports surprising June 1 corn stocks at 5.29 billion bushels. Get the full breakdown of USDA’s June Acreage and Stocks reports and expert analysis here.
The Executive Order signed by President Trump Monday comes after years of farmer lobbying against phosphate duties, with Texas A&M estimating $6.9B in added costs since 2021 tied to sharply higher DAP fertilizer prices.
The new order aims to scale regenerative practices and speed up EPA pesticide approvals, but ag retailers worry the MAHA influence could bring unnecessary redundancy to chemical regulations.
In the ongoing restructuring, Deputy Secretary Vaden explains how the agency will retain institutional knowledge while relocating operations to rural America.