by Chris Bennett (AgWeb) ... On Sept. 2, 2025, a telltale farm meeting went nuclear. Field representatives from the offices of Sen. Tom Cotton, Sen. John Boozman and Rep. Rick Crawford, along with a rep sent by Gov. Sarah Sanders, initially intended to speak with a handful of growers in Brookland, Ark.
Instead, 400-plus farmers packed the house to overflow on a Tuesday — despite the pressing demands of rice and corn harvest and a mere three days’ notice — and unleashed a chain of grievances.
Where does blame lie? Where to begin digging for a long-term solution?
Amid the fallout of the Sept. 2 meeting, three farmers sound off on markets, monopolies, moratoriums and mismanagement in U.S. agriculture. They spare no sacred cows.
Adam Chappell: “This is the Worst Economy of My Lifetime ...”
Denial ain’t just a river in Egypt, says Adam Chappell. “Year after year of sweeping all this s*** under the rug and pretending it’s not happening has got us to this point. Years of barely squeaking by, surviving with a bailout and then doing it all again. That is the definition of insanity.”
Growing 2,400 acres of soybeans, rice, and corn in east Arkansas’ Woodruff County, Chappell, 46, accuses USDA of head-in-the-sand policy: “I’m sick of USDA graphs saying agriculture income is set to rise. They’re baking cattle and coming payments into their recipe and pretending things are good. Bulls***.”
...
The entire agriculture industry — a bedrock of U.S. security — rests squarely on the shoulders of the American farmer. Ironically, that same farmer is the only player in the ag chain who cannot pass costs down the ladder.
Blame partially belongs on “Big Ag,” Chappell contends.
“Seed, chemicals or fertilizer, it’s all in the hands of a few companies that are the only game in town. You want to fix farming? Start a federal investigation on those big companies. Booming quarterly earnings and big stock dividends make no sense when farmers can’t pinch a penny.”
...
Behind closed doors, away from microphones and cameras, Chappell says federal politicians acknowledge “monopoly influence.”
...
Kenneth Graves: “At Every Level of Agriculture, There Must Be a Reckoning.”
The Sept. 2 farm meeting, held a stone’s throw outside Jonesboro at Woods Chapel Baptist, was monumental, says retired Dewitt grower Kenneth Graves, 71. “I’d say 400 people or so showed up, maybe more. We’re talking about people standing outside the building in the middle of harvest. That tells you all you need to know.”
...
Graves, chairman of the Arkansas Rice Growers Association, understands severe hardship. He farmed through the anemic ag crisis of the 1980s. However, the current unrest is a “coming disaster” unlike anything he’s witnessed across a 50-year career: “I’ve never seen this kinda look in farmers’ eyes. It’s fear. And it’s based in undeniable facts.”
In August 2025, Graves sent an open letter to media and politicians, pleading for attention to eye-popping numbers
...
Banks are forecasting farm bankruptcies at 25% to 40%, and the dirty secret is out. Everyone knows it; everyone feels it.”
How does the industry even begin to crawl out of the hole? Start with markets, Graves urges.
...
Graves advocates for immediate political intervention. “I’m urging legislators at all levels to act now,” he says. “We’re talking about our food and agriculture security, and when that tanks, the economic effect will spill over every rural region in the country.
...
“It’s past time to act. Our politicians either recognize this now or let us be some other country’s economic hostage later.”
Bailey Buffalo: “Farmers, Not the Giant Agriculture Manufacturers, Are the Ones Hurting.”
Adios to fifth- and sixth-generation farmers?
Yes, says Bailey Buffalo, 40, owner of Buffalo Grain Systems in Jonesboro, and president of Farm Protection Alliance.
“Horror stories. The pain is unreal. Worst farming situation I’ve seen in my life,” Buffalo says. “Look at Extension [University of Arkansas] numbers — corn growers losing $240 per acre; soybeans losing $144 per acre; and rice losing $380 per acre. The cotton growers may be worst of all.”
...
Storms can be weathered during agricultural tumult, Buffalo maintains — except when a thumb rests on the scale. Consolidation, he says, has turned a market rut into a debacle.
“Basic macroeconomics (CR4) tells us that if the top four competitors in any sector control more than 40% of the market, abuses become likely and that sector is approaching a monopolistic risk. That’s where I believe we’re at in farming,” he explains. “We can’t climb out of this mess partly because we’re at the mercy of agriculture monopolies.
...
Despite Buffalo’s alarm, the input market contains exceptions, he notes: “I can name small seed suppliers and fertilizer suppliers who are providing very high-quality products at fractions of what those much larger corporations are charging. The farmers just have to put the extra work into finding them and into getting their orders in early as possible. They are proving that it’s possible for small operations to sneak into corners of the market.”
Yet, exceptions do not move the overall dial.
...
Bailout cash is a “gross Band-Aid,” according to Buffalo.
“The subsidies send farmers back to the pit, over and over. The money trickles to lenders, loans, suppliers, banks or somewhere else in chain. Bailouts are the same as kicking the can down the road,” he adds.
...
In his opinion, the following four changes are in order:
1. Start with monopolies. “State constitutions have anti-trust legislation. Create smoke at the state level and force USDA and the feds to follow.”
2. Put an indefinite moratorium on all mergers and acquisitions in the food and ag sectors. “End consolidation and demand long-lasting change.”
3. Get a handle on D.C. lobbyists. According to a 2024 report, Cultivating Control: Lobbying by the agribusiness sector has steadily increased: In just the last five years, the agribusiness sector’s annual lobbying expenditures have risen 22%, from $145 million in 2019 to $177 million in 2023. And each year, agribusiness spends more on federal lobbying than the oil and gas industry and the defense sector.
A five-year “cooling off” lobbying period should be set in stone for any government official exiting office, Buffalo says: “Defense, SEC going to Wall Street, any of them, including agriculture. You should never, never be allowed to retire from an ag committee in Congress and then run over to a board at Tyson, Cargill, ADM, John Deere or any other company.”
4. The grain industry must diversify. “I think diversification must be part of any solution. I’m talking about an effort to grow all our food in this country. Our grain goes to feed and ethanol, but we need a structure to grow our own edible food as well, and protect our national security like never before.”
...
“Right now, if I was to walk into Congress and ask all the senators and reps, ‘Who thinks the agriculture industry is hurting to the point of collapse?’ all the hands would go up. Instead, the question should be, ‘Who thinks farmers are hurting to the point of collapse?’”
“There’s a giant difference between the two questions, and that difference is indicative of the separation between local Ag and Big Ag,” Buffalo concludes. “Farmers, not the giant agriculture manufacturers, are the ones hurting to the point of going belly up. There’s no solving any of this until that difference is recognized.” READ MORE
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Excerpt from Politico: Farmers across the country are looking at record yields during their fall harvest. They may have nowhere to sell them.
As a result of President Donald Trump’s trade war with China, crop farmers have lost a significant export market, driving down the price of top U.S. crops like soybeans and corn, even as Trump’s tariffs drive up the cost of farm equipment and fertilizer.
Now, as they approach the end of growing season, those farmers, farm groups and Republican lawmakers from agriculture-heavy states are warning of a looming crisis: crops piling up with nowhere to put them and farmers ending the year deep in the red.
They’re still not ready to blame Trump and his trade policies, however, a sign of just how much grace the agriculture community continues to grant Trump, even as his ambitious efforts to restructure the global trade economy clash directly with their economic interests.
...
That faith in the Trump administration’s long-term policy objectives hinges, in large part, on the administration’s promises to ink new trade agreements with other countries that could pave the way for more sales of U.S. agricultural goods abroad.
...
“China is the linchpin in all of this,” Alford (Rep. Mark Alford (R-Mo.)) said. “And I’m trusting that President Trump is going to strike a deal that is going to equalize our trade with China and also restore some of the imports they’ve had for our grains, our beans and our meat.”
Other farm state Republicans are toeing a similar line.
...
In Trump’s first term, the White House paid out $28 billion in financial relief for farmers hurt by his trade policies. Officials at the Agriculture Department have privately started to prepare for a similar bailout fund for this term but are unlikely to roll out any tariff relief payments this fall, according to three people with direct knowledge who were granted anonymity to discuss the private plans. READ MORE
Excerpt from Agri-Pulse/Successful Farming: New polling shows that the majority of U.S. corn producers see an economic crisis on the horizon — or at least the possibility of one.
In a survey published Wednesday commissioned by the National Corn Growers Association, the Farm Journal polled more than 1,000 farmers on whether they think the U.S. is on the brink of a farm crisis.
Almost half the farmers surveyed in late August and early September said the U.S. is on the brink of a crisis. A further third said the farm economy might be heading that way, while just 15% said they don’t think a crisis is coming. The farmers included in the survey have corn as their primary crop.
Accordingly, 76% of respondents said they were “very” or “moderately” concerned about the state of the farm economy. This concern has grown for most farmers in the last year, respondents say, with 65% reporting heightened concern.
...
Almost 60% of respondents said that concerns over the farm economy would likely cause them to postpone equipment purchases in the coming year. Some 38% said they would pare back fertilizer application.
...
Only 20% of respondents said they would not make any operational adjustments in 2026, and 12% said they would retire or leave farming altogether.
...
The poll landed the same day as a new Rabobank report projecting higher operating costs and tighter margins.
...
The corn growers are calling on Congress to take steps to avert an economic crisis and support faltering growers, beginning with authorizing year-round sale of fuel with 15% ethanol blends – or E15. READ MORE
Excerpt from AgWeb: The economic conditions for many sectors in agriculture have been deteriorating for some time. John Newton, executive leader at Terrain, says this is the third or fourth year for many row crop producers to be facing profitability at break-even or below break-even margins.
(National Corn Growers Association 2025 Survey)
He points to three trade-related examples driving challenges in ag sector profitability:
- China is out of the soybean market
- Canada hasn’t bought any U.S. wine
- The tree nut industry is facing pressures
“The whole farm economy is facing challenges maybe outside of the livestock markets,” he says. “We need an above-all approach to improve the farm economy.”
Newton says cash receipts for crop farms (adjusted for inflation) have declined by $71 billion in the last three years, which is the largest amount of all time.
(National Corn Growers Association 2025 Survey)
What Can Change The Trajectory?
The news of the federal reserve lowering interest rates one-quarter of a percent is a welcome update.
...
As NCGA reports corn margins are at a loss of $161 per acre for new crop in 2025, many farmers will be looking to take short-term debt and roll into long debt to help navigate the tough economic environment.
...
As a longer-term domestic demand builder, Newton eyes year-round E15 as a potential boost to the corn farmer’s bottom line. NCGA reports for each 1% increase in the blend rate, the range of corn used is 200 to 400 million bu. of corn.
“While it may not do anything to eat into the 2 billion bu. we’ll have in ending stocks for the new crop, in five to six years, you’ll have the infrastructure for the corn we’ll continue to supply,” Newton says.
As for recent actions by Congress, and USDA Secretary Brooke Rollins saying financial aid may come as early as this fall to farmers, Newton says those are signs of how lawmakers and the administration are evaluating what they can do and what tools are in the toolbox.
However, he’s quick to point to the limitations they have. READ MORE
Excerpt from American Carbon Alliance/Des Moines Register: It’s time to grow the demand side of the equation, and that means investing in low-carbon fuels, expanding SAF, supporting carbon capture and sequestration innovation.
A USDA report has once again sent shockwaves through the corn market. Their prediction, a record-setting 188.8 bushels per acre, puts even more pressure on farmers already facing financial hardship and declining incomes. After all the hard work, all the input costs, and all the uncertainty, farmers are now staring down yet another hit to their bottom line.
This kind of volatility isn’t new, and the American Carbon Alliance has been shouting from the rooftops for a few years. But this trend is absolutely unacceptable. Year after year, American farmers do their part. They grow more with less, adopt new practices, and feed and fuel the world. But without strong, reliable demand, they’re left chasing markets that won’t sustain them.
We cannot afford to keep going through this cycle. If we continue doing the same thing over and over again, America will lose family farms, and rural economies will suffer. What we need are new markets and ideas that reward innovation and provide lasting stability. That’s why expanding the use of low-carbon fuels, like ethanol and sustainable aviation fuel (SAF), is more important than ever.
We all know that higher blends of low-carbon ethanol in our cars are a win for everyone, the consumer, the farmer, and our energy security. As with anything, you don’t put all your eggs in one basket. That’s why sustainable aviation fuel and other utilization of low carbon ethanol produced right here on our nation’s farms present such a critical opportunity.
This market is just getting started, and it needs policy certainty from Washington to ensure the United States owns this space, not China, Brazil, or some other global competitor. We can do both: higher ethanol blends in our cars and sustainable aviation fuels in our planes. The result? The U.S. and the American farmer in control of our energy future.
SAF is already being produced here in the U.S., and it’s one of the most promising ways to grow long-term demand for corn. By pairing ethanol with carbon capture technologies, we can produce a drop-in jet fuel that meets strict sustainability standards and creates real opportunity for rural America. This opens new markets for farmers’ crops, expands production opportunities for ethanol facilities, and lifts rural economies.
And we need to acknowledge what’s changed. The old way of hoping Mother Nature balances supply and demand doesn’t hold sway anymore. Today’s corn hybrids withstand drought, disease, and pests better every year. And the old model of simply exporting more raw commodities is no longer a guarantee. Countries like Brazil and Argentina are catching up in scale, acreage, and output. That’s why a new path forward, one that builds domestic demand, is essential.
Congress has taken steps in the right direction with the 45Z tax credit. But now’s the time to protect that policy, build the infrastructure, and give producers the confidence that these markets are here to stay. No more whiplash. No more wondering what the next report will bring. It’s time to grow the demand side of the equation, and that means investing in low-carbon fuels, expanding SAF, supporting carbon capture and sequestration innovation, and making sure the future of agriculture isn’t left up to chance. READ MORE
Excerpt from Prairie Farmer: So, what do you do? Increase demand, for one.
On the corn side, Congress needs to pass the Nationwide Consumer and Fuel Retailer Choice Act of 2025, which would remove an outdated provision in the Clean Air Act that restricts summertime fuel sales with 15% ethanol blends, or E15. That would help.
Lesly Weber McNitt, NCGA vice president of public policy, is tired of messing around.
“Farmers are tired of excuses, tired of procedural hurdles, and they’re tired of political finger-pointing,” she says. “If legislators want to help farmers in a real, durable way, they’ll find out how to get the E15 bill done, and they’ll figure out how to implement some of these solutions.” READ MORE
Excerpt from AgWeb: According the latest Ag Economist’s Monthly Monitor, all respondents say the U.S. ag economy is in worse shape than one year ago (27% much worse off, 73% somewhat worse off). As this year (2025) marks the third year or economic hardships for many row crop producers, economists believe we might have found the bottom of this ag cycle.
“We’ve got to bridge the gap to next year, where things look better from the policy perspective,” says Grant Gardner, University of Kentucky ag economist. “From that point on, it’s about what farmers can weather, and if we can get a bump to push beans to $11 cash price and see cash $5 corn. That’s what’s needed with input prices today,”
...
Ag economists point to one action that would inject positivity in the outlook for row crop profitability — a trade deal with China. Based on the September survey, 77% say current U.S.-China trade policies hurt farmers, but uncertainty still looms as 54% think China will buy U.S. soybeans in 2025.
“It’s fair to say a trade deal with China is the silver bullet,” says Michael Langmeier at Purdue University. “Trade uncertainty hurts farmers short-term and long-term. We’ve already hurt our export prospects for ’25. We are so far behind. Long term I worry about losing market share for China.”
...
Langemeier says Brazil has been expanding soybean production since 2018 and could become China’s sole supplier of soybean imports.
Gardner echoes the importance of China for soybeans.
...
He says while none of these examples individually equal China’s tons, they help consume the abundant supply of U.S. crops: increased support for domestic biofuels use, more research and development around products using soybean by-products and lowering restrictions and red tape on other international countries.
“The best hope we have — a trade deal with China,” Gardner says.
While Brown agrees there’s no 1-for-1 substitute for China when it comes to trade, he’s optimistic for expanding efforts to additional export countries and building domestic demand.
...
From the September (2025) monthly monitor, 62% of economists say direct government payments would provide meaningful relief, though many believe challenges are too severe for short-term fixes.
...
“When you look at the ARC and PLC programs, the One Big Beautiful Bill upped some of the payments. But payments won’t come until October 2026. Farmers need the payments now. There’s an urgency. Net income in 2024, 2025 and 2026 is ugly. This isn’t like 2014 to 2019, when only one year was bad — 2015. This is just as bad, but we’ve got three years in a row,” Langemeier says.
Brown and Gardner agree there’s a lot at stake with the current conditions and farmers could go out of business.
“My sense is there are farms that will go out of business regardless of if there are payments or not,” Brown says.
Gardner says the current financial support being discussed for farmers won’t equal profitability for farmers, but rather just survivability.
“If you look at where the payments were recently, it may cover some loss, and it may cover enough loss to keep a farmer producing into the next calendar year, but it won’t make them whole. There’s still going to be a loss,” Gardner says. READ MORE
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