USDA Emergency Assistance on Hold and Tyson - Cargill Settlement
From the Ag Information Network, I’m Bob Larson and this is your Agribusiness Update.
**Democrats are responding to Ag Secretary Brooke Rollins’ announcement that emergency assistance for farmers won’t happen until the government shutdown ends.
The Democratic National Committee said U.S. ag exports are expected to decline in 2025 and 26, due to President Trump’s “reckless trade war.”
Communications Director Rosemary Boeglin says, Trump’s rumored bailout of farmers won’t solve the problems because farmers want to be able to sell their crops, something Trump’s tariffs have made impossible.
**A bipartisan group of 47 legislators petitioned the EPA to finalize its proposal for the Renewable Fuel Standard Program, which includes measures to discourage the use of imports into the U.S. biofuels market.
In a letter to EPA Administrator, Lee Zeldin, they ask him to advocate for the proposal.
The legislators say it’s a common-sense approach that puts America’s farmers first, strengthens domestic biofuel markets, and delivers economic benefits to rural communities.
**Tyson Foods and Cargill will pay a combined $87.5 million in a settlement reached with the Consumer Indirect Purchaser plaintiffs in a beef price-fixing lawsuit from 2019.
The Minnesota U.S. District Court was notified last week that Tyson will pay $55 million and Cargill $32.5 million.
Both of the companies agreed to cooperate in the case against the two remaining defendants, JBS and National Beef Packing.
