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When Congress allowed Affordable Care Act tax credits to lapse, healthcare premiums spiked for millions of Americans — especially self-employed farmers and ranchers. That added cost is multiplying the stress on their already stretched balance sheets.
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Corn and soybean growers have seen several years of low commodity prices and increased costs for supplies like fertilizer and fuel. That has many farmers worried about whether they'll turn a profit this year and drawn some comparisons to a dark time in American agriculture.
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Farmers across the central U.S. have navigated a myriad of challenges this year, including low crop prices and federal funding cuts.
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Farmers who were promised funding through the federal Regional Food Business Centers have been left in limbo after the Trump administration shut down the program. The U.S. Department of Agriculture says it will honor grants the program already approved, but it's unclear when.
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The massive legislation extends tax cuts and increases safety nets for farmers who grow commodities, like corn, wheat and rice. But deep cuts to federal food assistance spending could hurt specialty growers who benefit from programs like Double Up Food Bucks.
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The U.S. Department of Agriculture canceled a couple of programs providing tribal governments, states, schools and food banks money to buy locally produced food. Some farmers involved in the projects are looking to pivot their operations.
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The spring planting season is getting started for many Midwest farmers. Federal data suggests that fewer acres will be planted in soybeans than last year, in part because of the U.S. trade war with China.
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Thousands of Oklahomans got payments from a Biden-era program to help address generations of farm lending discrimination. Now, the Trump Administration wants to end programs that could be labeled as DEI. Some Oklahoma programs have already seen funding freezes.
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The department announced enrollment for the Emergency Commodity Assistance Program opened this week.
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Secretary of Agriculture Brooke Rollins said earlier this month that economic aid payments Congress approved late last year are on the way. But with days left before the deadline, some farmers are anxiously waiting.