Industry experts say interest in protein consumption among consumers is likely driving growth in whole milk sales. But the trend may be a blip in the ongoing decline in U.S. milk consumption.
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Falling crop prices, rising input costs and the continuing trade wars mean that 2026 could be a difficult year for the community banks that lend to Minnesota farmers.
Payments are expected to reach farmers by February of next year. Details on how payouts will be calculated are set to be announced by the end of December.
Ed Usset, grain marketing specialist at the Center for Farm Financial Management and U of M Extension professor, joined Cathy Wurzer on Morning Edition Wednesday to share how tariffs have affected farm country.
Most of the package is earmarked for row-crop producers. It aims to help farmers — especially those who grow soybeans — balance out losses from high costs and a trade war with China.
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Treasury Secretary Scott Bessent has proclaimed solidarity with U.S. farmers in recent months as they grappled with the loss of a major soybean buyer due to President Donald Trump's trade war with China.
A White House official says President Donald Trump is planning a $12 billion aid package for U.S. farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of a broader trade war.
In a year when soybean markets have been upended by trade wars, the Minnesota Soybean Research & Promotion Council is running a campaign to add demand and diversify product options for soybeans through a new soy-based firefighting foam called SoyFoam.
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