Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    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

    Related Posts

    11 Best Debut Albums by Progressive Death Metal Bands (Ranked)

    Commodities

    A catalyst for innovation and agricultural transformation

    Commodities

    Martin Lewis issues welcome boost over energy bills and says ‘from April’

    Commodities

    Agricultural Value Chains and Export Competitiveness: Transforming Ghana Beyond Cocoa

    Commodities

    British Gas ‘4-minute rule’ could save ‘up to £70 a year’ on energy bills

    Commodities

    Ja’s energy outlook 2026 – Jamaica Observer

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    Zilch buys Lithuanian lender Fjord Bank to secure European banking licence

    Commodities

    Carburant vert pour l’aviation : le projet à 2,2 milliards d’euros de Verso Energy franchit une première étape à Étagnac

    Stock Market

    Utility will pay $20 million to avoid prosecution in Ohio bribery scheme – News-Herald

    Editors Picks

    Utah Republicans push back against government regulation of crypto

    October 13, 2024

    Digital Fort Knox: Trump establishes US bitcoin reserve with seized crypto assets, sparking market jitters

    March 6, 2025

    Alliant Energy Corporation Declares Quarterly Common Stock Dividend

    April 2, 2025

    Investing in bonds explained – Which?

    May 12, 2025
    What's Hot

    Canada pension CIO hunting for more private investments at home – BNN Bloomberg

    April 22, 2025

    Energous Corp Entered Into At-The-Market Offering Agreement, To Offer Up To $80 Million Of Common Stock – SEC Filing (en anglais seulement) -Le 13 février 2025 à 23:14

    February 13, 2025

    StoneX bets on India with new metals desk

    November 27, 2025
    Our Picks

    UK households can save up to £105 on energy bills with simple light bulb swap

    December 26, 2025

    VanEck Ventures Launches $30 Million Fund For Fintech And AI Startups

    October 10, 2024

    White House To Host 2025 Digital Assets Summit With Key Crypto Leaders Including Michael Saylor and Brad Garlinghouse

    March 5, 2025
    Weekly Top

    A catalyst for innovation and agricultural transformation

    January 12, 2026

    Martin Lewis issues welcome boost over energy bills and says ‘from April’

    January 12, 2026

    Agricultural Value Chains and Export Competitiveness: Transforming Ghana Beyond Cocoa

    January 12, 2026
    Editor's Pick

    Action Tao Commodities Limited Options @ A$0.20 Exp 31AUG2021 | Cours Tao Commodities Limited Options @ A$0.20 Exp 31AUG2021 | Tao Commodities Limited Options @ A$0.20 Exp 31AUG2021 | IG Suisse

    June 13, 2025

    Stock Market LIVE Updates: Sensex, Nifty trade flat; HCL Tech, BEL, Adani Ports top gainers

    September 29, 2025

    IAC inks co-op MOUs with domestic investment companies

    August 18, 2024
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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