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The agricultural landscape faces significant shifts as USDA undergoes massive reorganization while farmers contend with volatile markets and weather challenges. July's developments set the stage for a critical harvest season amid tariff concerns and policy changes.
• USDA announcing major reorganization, moving 2,000 employees from DC to regional hubs across the country
• Closing the massive South Building and Beltsville Research Station as part of effort to be more "farmer-facing"
• The "Big Beautiful Bill" passed July 4th covering many farm bill provisions, but significant work remains for September
• Cattle markets continuing to set new record prices while grain markets drift lower
• Cost of half a beef increasing by $360 in just six months with ground beef reaching $7-8/pound at farmers markets
• New tariffs being implemented against trading partners: 20% for Indonesia/Vietnam/Philippines, 15% for EU/Japan/South Korea, 35% for Canada, and 50% for Brazil
• Grain basis levels widening significantly as harvest approaches, indicating potential demand challenges
• Spring wheat harvest looking promising while corn and soybean crops show variable conditions
• August bringing important crop assessments including FC Stone forecast and Pro Farmer Crop Tour
If you need marketing help or advice, give us a call at 1-855-737-FARM. For weekly agricultural insights, sign up for our newsletter at rrfn.com or email [email protected].
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Thank you, Tommy G