Overview

• The administration is finalizing a farmer relief plan in the $10–$14 billion range, considering both tariff revenue transfers and the USDA’s ECAP as funding sources.
• Treasury Secretary Scott Bessent said a support announcement for farmers is expected Tuesday.
• Chinese buyers have made no purchases of U.S. autumn-harvest soy this year after a roughly 20% tariff, prompting growers to store crops and delay cash flow.
• China has turned to South America, buying at least 10 Argentine soy shipments following U.S. and Argentine financial measures, with Brazil also supplying more.
• Farm finances are under strain, with USDA projecting $467.4 billion in 2025 production expenses and federal data showing farm bankruptcies at their highest since 2021 in the first half of the year.