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

    Unpacking the Biggest Energy Stories from Davos 2026

    Commodities

    Major energy firm giving away 16 hours of free electricity every Sunday

    Commodities

    Slash your energy bills by ‘never’ leaving 3 common ‘energy-draining’ devices on standby

    Commodities

    UK among 10 countries to build 100GW wind power grid in North Sea | Wind power

    Commodities

    Cyprus extends deadline for €67.5m agricultural investment schemes

    Commodities

    The new treasure hunters: How metal-detecting became a way for women in the UK to bond | Culture

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    LeBron James-Hennessy ad, explained: How Lakers star hinted at retirement with ‘Second Decision’ video

    Cryptocurrency

    This Viral $0.08 PayFi Token Is Marching To 470% Gains Before Q4!

    Property

    Heiwa Real Estate REIT émet de nouvelles parts par attribution à un tiers pour financer des acquisitions d’actifs

    Editors Picks

    Swedish Fintech Klarna Reportedly Targets $14B In Revived US IPO

    August 26, 2025

    Wales & West Utilities complete Newport gas upgrade

    August 19, 2025

    Fraud warning after £1m lost in cryptocurrency scams across Kent

    March 1, 2025

    Plymouth’s Penn Theatre wins dispute with city over property tax exemptions

    August 28, 2024
    What's Hot

    New Cryptocurrency Releases, Listings, & Presales Today – Rubicon, MOOD AI, Encryptum

    May 22, 2025

    How IRAs can diversify your retirement savings

    August 18, 2025

    Stark warning over “uninhabitable” commercial-to-resi conversions

    October 29, 2024
    Our Picks

    Lib Dems call for bank windfall tax to fund green energy home loans

    September 21, 2025

    Marseilia Real Estate Investment : Bénéfice net consolidé de 10,7 millions EGP au premier trimestre

    July 12, 2025

    Danish College Student Discovers Ancient Viking Jewellery With Metal Detector

    August 25, 2024
    Weekly Top

    Jordan launches region’s first Fintech Academy, applied lab to drive digital economy

    January 26, 2026

    Building Trust in Kazakhstan’s Fast-Growing Fintech Ecosystem

    January 26, 2026

    Gold price at record high: Should you be buying or selling?

    January 26, 2026
    Editor's Pick

    Illegal possession of property by a co-owner

    December 8, 2025

    BW Energy découvre un gisement de brut offshore à plus de 4000 m de profondeur

    March 9, 2025

    BTBAM’s Dan Briggs – My 5 Favorite Prog Metal Albums

    September 12, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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