Subsidy Spotlight: India

Earlier this week, President Donald Trump and his trade team announced a modernized trade pact with Mexico and Canada, and most of agriculture cheered.  But it was a comment about another country during the White House press conference that really caught our attention. India is “the tariff king,” the President said.  “India charges tariffs of 100 percent … that’s not free trade.”

Surveys Show Rural America Continues to Struggle

America’s struggling farm economy is heading for even bigger declines, according to recent surveys, and the nation’s top bankers say manufacturers should expect a major drop in sales of new equipment. Inflation-adjusted net farm income, which is a broad measure of profits, is expected to be down by $11.4 billion, or nearly 15 percent, this year compared to 2017, according to USDA’s August Farm Income Forecast.