Your Pro Farmer newsletter (Nov. 23, 2024) is now available

President-elect Donald Trump’s proposed policies aim to boost American manufacturing, create jobs and reduce trade deficits by imposing significant levies on foreign goods. While tariffs can raise government revenue and protect certain industries, they often come with higher costs for consumers and risks of retaliation from trading partners. We look closer at key members of Trump’s leadership team and potential impacts from tariffs on News page 4. Efforts to strip China of its Permanent Normal Trade Relations trade status are also intensifying, signaling a turning point in U.S./China relations. On the ag policy front, disaster aid will be coming in December, as part of a broader aid package. Senate Ag Chair Debbie Stabenow finally released her farm bill proposal, but it has no chance of passing. It’s likely there will be a one-year extension of the 2018 Farm Bill. Brazil’s soybean crop is trending up after recent rains. The U.S. wheat crop has also been boosted by rains, though there are crop concerns in other countries. There are also geopolitical concerns as warfare between Russia and Ukraine intensified. We cover all of these items and much more in this week’s newsletter, which you can download here.