Wiesemeyers Perspectives / When Government Aid Falls Short: The True Cost of Farming Today
We tackle the severe cash flow crisis American farmers are experiencing despite billions in government aid. Current assistance programs cover only a fraction of losses, with soybeans facing nearly $2 per bushel shortfalls and aid offsetting just 37%.
• Farmers will need another economic assistance package by year-end through either Congress or USDA
• The Commodity Credit Corporation (CCC) needs replenishment to function as USDA's financial resource
• Three solutions identified: targeted trade deals, expanded food aid, and developing new uses for crops
• Mexico's screwworm outbreak shows 53% increase since July, now threatening to approach US border
• USDA sending teams to verify containment efforts as ranchers warn Texas infestation could cost $1.8B
• Agricultural exports forecast improved but still showing deficit for third straight year
• New tariffs on India (50%) and Brazil (50%) creating trade tensions and higher beef prices
• USDA Secretary Brooke Rollins actively advocating for farmers at cabinet meetings
• Congressional agenda includes appropriations, Farm Bill 2.0, and potential early payments for 2025 crops
• USDA reorganization aims to relocate staff closer to agricultural communities despite DC resistance
Email Jim at wiesemeyer@gmail.com to subscribe to his daily agricultural policy newsletter.
Please like and subscribe @agbullmedia
Watch Us on U-Tube AG Bull Podcast
(105) AG Bull Podcast - YouTube
www.agbull.com
AG BULL Media
E-Mail tg@agbull.com
Thank you, Tommy G
