Items Tagged with 'tariffs'

Twelve House members today are introducing a $14 billion disaster aid bill to compensate producers for weather-related losses in 2022 and 2023.

Republican vice presidential candidate JD Vance is downplaying the potential impact on agriculture of former President Donald Trump’s proposal to impose across-the-board tariffs on U.S. imports. At the same time, he says Trump’s tariff policy is critical to protecting U.S. industry, and he denies that tariffs would increase consumer prices.

The farm economy is in much better shape than feared at the beginning of the year, according to USDA’s revised farm income forecast. USDA now estimates that net farm income will decline by 7% and remain above the 20-year historical average. Back in February, USDA had projected net farm income would plummet by nearly 26%. 

Former President Donald Trump, outlining his economic agenda Thursday, said he would use a second term to ensure Americans have "safe, healthy, high quality foods"' through the use of "new and modern agricultural techniques."