Agri-Pulse DriveTime

Iowa Senator Charles Grassley doesn't expect Congress to dictate how USDA offers financial assistance to farmers this year. Grassley told reporters he hopes China keeps their word on soybean purchases. Commodity prices fall after record yields are forecast for this year. 

A new analysis from the Institute for Feed Education and Research shows a greater reliance on Chinese feed supplements. The U.S. and Mexican governments announced the opening of a new sterile fly dispersal facility. An Indiana dairy farmer is the new chair of the National Milk Producers Federation. 

The House of Representatives could vote to approve legislation that would end the government shutdown. Even if the language is approved there is no specific timetable when SNAP funds will be restored.  Last week China signed trade deals with Brazil for 20 billion tons of ag products worth over $10-billion dollars. 

As Washington wrangles with ending the longest government shutdown in the nation's history, the nation's food banks and charitable organizations are struggling to assist families in need. USDA has no reports to suggest China is buying U.S. commodities. A wealth of data is due Friday at noon eastern. 

Compromise legislation to reopen the government is still under negotiations on Capitol Hill. The proposed language includes provisions to extend farm and food programs. The Trump administration was back at the Supreme Court attempting to keep food aid funds frozen while the government is shut down. 

Senate GOP leadership rejected a Democratic proposal to open the government. The EPA frustrated the renewable fuel industry with a SRE announcement today. Minnesota Senator Amy Klobuchar shares thoughts on the SCOTUS tariff hearing this week. 

The nation's wheat growers wrapped up meetings this week in Texas. New NAWG CEO Sam Kieffer and President Pat Clements discuss key issues from the joint meeting. Trump administration officials defend U.S. tariffs following oral arguments yesterday before the SCOTUS. 

Randy Russell with the Russell Group believes the political winds of compromise will come soon to Capitol Hill.  Brian Kuehl with Farmers For Free Trade says Congress should become more involved in U.S. trade policy. 

Negotiations are said to be underway between Democrat and Republican leaders in Washington to end the government shutdown. Iowa Senator Charles Grassley admits to finger pointing and Brazil's president says he will speak to President Trump soon if trade negotiations to end tariffs don't start soon. 

The Trump administration will comply with court rulings and partially fund SNAP benefits for November. Crop production estimates are increasing for Brazilian farmers next year and traders say the harvest is nearing completion in the U.S.

Two federal judges ruled the Trump Administration must use contingency funds to continue SNAP benefits for millions of Americans. The Fed lowered interest rates again this week, but additional cuts this year may not be guaranteed. Halloween candy sales will exceed $3-billion dollars this year. 

Food banks across the nation are bracing for what could be an exponential increase in food demand if Washington doesn't fund the Supplemental Nutrition Assistance Program by tomorrow night. Soybean farmers say they are encouraged by Trump's trade deal with China. 

Various news agencies report China purchased U.S. soybeans in advance of trade discussions between President's Trump and Xi. Analysts say the farm economy is teetering on the edge of history. Farm health insurance premiums could be moving much higher. 

Iowa Senator Charles Grassley says Senate Democrats have an easy fix to a lack of funds for the SNAP program.  Grassley is hopeful President Trump can secure a trade deal with China, but says Trump could do more at home to help the plight of U.S. crop farmers. 

Anticipation of a trade deal with China helped crop prices move higher today. Live and feeder cattle futures were significantly lower on talk of lower beef prices for consumers. A number of hearings are scheduled this week in the Senate to consider Trump nominees as well review price increases for seed and fertilizer. 

The U.S. will begin a Section 301 trade investigation into China's purchases under the Phase One trade deal during President Trump's first term. Trump cancels all negotiations with Canada following an advertisement by the Ontario government. The Consumer Price Index was higher during September. 

 Agriculture Secretary Brooke Rollins today said Argentina's beef import quota would be increased by at least fourfold. Iowa Senator Charles Grassley said fellow legislators and industry representatives have not been able to sway President Trump's plan. 

USDA will open Farm Service Agency county offices tomorrow to assist farmers with loans and aid programs. Japanese officials are preparing a purchase package to present to President Trump next week. Agri-Pulse reports more states are considering SNAP purchase restrictions. 

The American Petroleum Institute withdraws support for legislation to allow higher sales of ethanol blended gasoline. Private crop analysts report an advanced harvest pace in the U.S. with advanced planting progress in Brazil. The Trump administration reports new efforts to assist the beef industry and lower consumer beef prices. 

House Agriculture Committee Ranking Member Angie Craig stands opposed to President Trump's support of Argentina including importing their beef. A number of farm groups including the National Cattlemen's Beef Association spoke against Trump's plan today. 

Industry analysts say biofuels could provide an increase in demand for row crops like corn and soybeans. Kirk Kovarik with Clean Fuels Alliance America says the government shutdown is delaying EPA decisions on industry opportunities and an economic boost for farmers, rural communities and the environment. 

Rob Larew, President of the National Farmers Union and Jed Bower, President of the National Corn Growers Association discuss the economic challenges facing the nation's farming community and appeal to both the legislature and the administration to get back to work and take action. 

A GOP plan to reopen the government failed again today in the Upper Chamber. The American Soybean Association called on the Trump administration to resolve trade differences with China. A Brazilian crop agency is forecasting another season of record production for both corn and soybeans. 

President Trump today threatened to pull financial support for Argentina's economy and continued tariff and trade threats with China. The National Farmers Union today appealed to the White House and Congress to approve assistance for farmers. JBS USA plans a new processing plant in Iowa. 

President Trump is threatening to restrict technology exports and impose new 100% tariffs on Chinese imports following China's move to further restrict rare earth minerals. The American Farm Bureau sent letters to the Oval Office and Congress today appealing for help from the current farm economic crisis. 

Agriculture Secretary Brooke Rollins says the government will have to reopen before an aide package for U.S. farmers can be implemented. Treasury Secretary Scott Bessent says says the U.S. finalized a currency swap worth $20 billion dollars today with Argentina's central bank. China took action to further restrict the export of rare earth minerals. 

Iowa Senator Charles Grassley and Nebraska Senator Deb Fisher have both spoken out about the need for Congress to act to support farmers on multiple fronts. Advancing E-15 legislation, addressing high input costs and opening global markets for fair trade are on their list to bring balance to crop farmers. 

Today President Trump seemed willing to embrace free North American Trade between the U.S., Canada and Mexico whether in multilateral or bilateral deals. The government shutdown is impacting both conservation and nutrition programs under the USDA. 

Agri-Pulse reports today that over two hundred ag groups wrote President Trump requesting financial assistance. With no reports from the USDA traders are left with private forecasts for harvest progress and overall production. Brazilian farmers are off to a quick start planting soybeans. 

North Dakota Senator John Hoeven says the government shut-down could impact the Trump administration's announcement of an assistance package for crop farmers. Hoeven is featured on this week's Agri-Pulse Newsmakers and says there are multiple reasons for Washington to support farmers. 

Following a meeting in the Oval Office yesterday with President Trump and Ag Secretary Brooke Rollins, Treasury Secretary Scott Bessent today said an announcement is pending next week for an assistance package for crop farmers. The National Association of Wheat Growers has a new CEO and California now approves E-15 blended gasoline. 

Legislation failed again today to end the government shutdown. President Trump says he'll use tariff revenue to support farmers. Congressional leaders are working to amend policy to see funds are available for farm income support. 

The USDA's Grain Stocks report showed a greater September 1 stocks estimate of corn and wheat than traders expected.  Market watchers are looking ahead to the October WASDE report for updated production forecasts. That report and other government data hangs in the balance of a government shutdown. Deputy Ag Secretary Stephen Vaden says U.S. commodity price woes reach far beyond a single country. 

The political divide between Congressional Democrats and the White House remains as neither side appears to have offered to compromise over a Continuing Resolution to keep the government running. Traders expect the USDA's Quarterly Grain Stocks report tomorrow to show ample supplies of corn, wheat and soybeans.

NCGA President Kenneth Hartman says the association is pleased with the announcement that the USDA and DOJ will be looking closer into increased input costs crop farmers are facing. Soybean growers are assisting The Anderson's expansion at the Port of Houston. 

The Annual Agriculture Outlook Forum presented by the Agricultural Business Council of Kansas City and Agri-Pulse featured some of the nation's top agriculture leaders including U.S. Senator Roger Marshall and USDA Secretary Brooke Rollins. 

A recent survey by the National Corn Growers Association suggests high prices may see corn farmers cutting back on fertilizer use in the coming season. American Soybean Association President Caleb Ragland is frustrated the U.S. is offering financial assistance to Argentina at the same time the country is cutting commodity export taxes and displacing traditional U.S. sales to China. 

Iowa Senator Charles Grassley today addressed the budget impasse approaching the end of the fiscal year, the disparity in farm income between crop and livestock farmers and the continued lack of soybean export sales to China. 

The USDA reports New World Screwworm has been detected in an 8-month old cow just 70 miles south of the U.S. border.  The USDA continues a ban on Mexican cattle imports and vows to work to protect the domestic beef herd. The USDA's latest forecast suggests record returns for livestock producers and a continued decline in crop farm receipts. 

China's absence from the purchase of new crop soybeans and other commodities has been well documented. Terrain's Dr. John Newton says there's still time to reverse the trend. Newton is featured on this week's Agri-Pulse Newsmakers. 

Without a political solution analysts suggest it could be months before China returns to the U.S. for major commodity supplies. Witnesses today called on House members to shift control of the Food for Peace Program to the USDA. 

Questions remain on whether recommendations on food ingredients and vaccines are based on scientific fact or leadership opinion. John Bode with the Corn Refiners Association says their industry will suffer consequences and consumers pay more for food. 

For a fourth time President Trump has extended the deadline to find a deal on new ownership for the video social media site TikTok. President Trump and Xi still plan to discuss a framework agreement on Friday. ASA President Caleb Ragland says farmers need open markets now. 

The U.S. and China have reached a framework deal on ownership of social media platform TikTok. There were no reports of any agreement on soybeans or other ag commodities. McDonalds has announced a $200 million dollar investment in regenerative agriculture for U.S. cattle ranchers. 

U.S. and Chinese officials will meet in Madrid this weekend. Congress faces an end of fiscal year deadline for a new budget. Democratic leaders may hold out for concessions from the majority. USDA's WASDE forecast higher corn and soybean production but markets moved higher in Chicago. 

Calls from farmers and the agriculture industry for financial assistance and a new farm bill are growing louder from across the country. Nearly 300 members of the National Farmers Union are in Washington meeting with legislators. Rob Larew says farm program supports need to be evaluated. 

The Agri-Pulse annual CEO Compensation Report based on IRS data is out suggesting top ag leader compensation was up on average over $30,000 from last year's levels.  The Interior Department and other government agencies lost a significant share of their workforce to deferred resignation programs.  

The MAHA Commission report and casts a different view of production agriculture than the first report.  Members of the National Pork Producers Association are in Washington and lobbying for new farm policy. Today is Hunger Awareness Day. 

U.S. corn and soybean crops continue to advance although condition declined again over the last week.  This season's crop forecast will be updated Friday by the USDA.  The outlook for record crops suggests prices will fall and government subsidies will be higher. 

Today's DriveTime features highlights from Lydia Johnson's interview with House Agriculture Committee Chairman Glenn "GT" Thompson. On this week's Agri-Pulse Newsmakers Thompson discusses the farm economy, financial assistance for farmers and work on Farm Bill 2.0.