Farm Safety Net Funds Approved and Trump Lifts Brazilian Tariffs
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**U.S. farm safety net programs are projected to deliver more than $13.5 billion in payments for the 2025 crop year, funds farmers won’t receive until next October.
The payments come through the Agriculture Risk Coverage and Price Loss Coverage programs, which were modified under the One Big Beautiful Bill.
FarmDoc Daily reports the changes are expected to increase both the likelihood and potential size of ARC and PLC payments.
**Rising tensions between the U.S. and China are deepening financial and emotional strain across farm country, as growers confront falling crop prices, high operating costs and a wave of bankruptcies, according to the South China Morning Post.
Farmers say promised Chinese soybean purchases fall far short of the volumes once relied upon.
The U.S. now supplies about 25 million tons of China’s annual soybean imports, far below levels before Brazil and Argentina gained market share.
**President Trump lifted the 40% tariffs he imposed in July on Brazilian food imports, reversing a policy that had raised U.S. consumer costs and strained agricultural markets.
The move removes duties on Brazilian beef, coffee, cocoa and fruit and may trigger refunds for tariffs already paid, according to the White House.
The rollback follows similar actions easing food tariffs from other countries as the administration reassesses trade measures that contributed to higher grocery prices.
