Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, May 4
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»Ohio farmers export half their soybeans. Tariffs and USAID cuts could hurt business.
    Commodities

    Ohio farmers export half their soybeans. Tariffs and USAID cuts could hurt business.

    March 6, 20252 Mins Read


    Ohio farmers could feel the impact of proposed USAID cuts.

    Over 1 million tons of U.S. farm products are purchased annually through USAID programs to provide food aid internationally.

    “Talking about U.S. grown wheat, soybeans, rice, other major commodities for those assistance programs,” according to Ty Higgins, Ohio Farm Bureau spokesman.

    Those producers often depend on USAID food programs as part of their revenue. Higgins said cutting USAID programs combined with other existing stressors in agriculture can have an impact on Ohio farmers’ supply and demand.

    “50% of soybeans grown in Ohio are exported,” he said. “So when you don’t have those avenues of customers around the globe, and you have to keep those commodities in-house and you don’t have enough uses for them, that supply and demand table gets out of whack and the price of corn and soybeans go down.”

    Higgins said while he understands the need for reducing wasteful spending, he still has some concerns for farmers involved in USAID programs.

    “Several important international food programs are at risk when you talk about USAID,” he said. “From a selfish standpoint, these are commodities that farmers sell, farmers make income, and then the government buys those commodities and helps those less fortunate around the globe.”

    Farmers could also be impacted by tariffs with other countries including Canada and Mexico.

    “We’re talking a lot about trade right now and it has the attention of agriculture when we talk about our three largest trading partners and tariffs and retaliations,” Higgins said. “But this is just another avenue that farmers use to sell commodities through USAID. And so when you’re cutting off yet another way to sell products, it could certainly impact the bottom line of farmers here in Ohio and really across the country.”

    With the ongoing resilient nature of farmers in Ohio, Higgins said he expects producers in the state to continue to push forward and work with what they have.

    “They might see some things that impact them directly on the farm, but they’re going to continue to plan for the spring planting season with excitement,” he said. “We didn’t have the best of harvest seasons last year, but farmers are going to to reload and do it again this year because that’s what they know to do and what they love to do.”

    Keep up with all WYSO’s local coverage and sign up for our morning newsletter.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleDaupler Raises $15 Million Series B to Help Utilities Automate Real-time Incident Response Management
    Next Article Le Bitcoin va-t-il exploser demain ?

    Related Posts

    Commodities

    The best commodity funds to buy

    May 1, 2026
    Commodities

    Pyxis Group Appoints Kunal Ramtri and Tun Win as Managing Directors to Lead Global Commodities Trading and Risk Practice and Accelerate AI-Driven Growth

    April 30, 2026
    Commodities

    ICICI Prudential Commodities Fund Regular Growth | Mutual Fund Performance

    April 29, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    US election nerves are fueling bets on Asian sovereign bonds

    October 30, 2024
    Investing

    UBS upgrades St. James’s Place to “buy” as AI sell-off opens value By Investing.com

    February 20, 2026
    Stock Market

    Stock Market Today: Dow Adds 538 Points on Trump’s First Day

    January 21, 2025
    What's Hot

    Tech stocks send S&P/TSX composite higher

    September 29, 2025

    Buying a home in the countryside? Don’t bury your head in the sand about UK planning reforms

    April 2, 2025

    Rivian Stock Just Surged 25% in 1 Day. Here’s Why Shares Are Still a Buy.

    November 10, 2025
    Most Popular

    Bitcoin, Ethereum, Binance and Ripple : Major news of the week not to be missed

    October 21, 2024

    Grand Designs ‘saddest ever property’ finally sells – but owner won’t get a penny

    August 23, 2025

    Chinese Property Tycoon Wang Jianlin Gets Luxury Ban After Wanda, Units Fails to Repay USD26 Million

    September 30, 2025
    Editor's Picks

    USA Rare Earth (USAR) Stock Is Heating Up: What Investors Need To Know – USA Rare Earth (NASDAQ:USAR)

    December 4, 2025

    A Strategic Roadmap for Utilities

    April 8, 2025

    Bitcoin: chute du cours après les annonces douanières de Trump

    April 7, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.