US Agriculture Secretary Brook Rollins said Wednesday in the Fox business that the Biden administration left a $49 billion deficit in the export market, bringing the cost of agricultural inputs up 30%.
Between exterior On “Kudlow,” Rollins said there is a $49 billion deficit in agricultural products, which deviate from the balanced trade figures seen four years ago under President Donald Trump. Rollins said the current surge in farm costs was due to a failed Biden administration policy.
“Reducing the cost of inputs has risen by 30% under Joe Biden. After hearing the export market, we lost the entire export market. Rollins said:
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Rollins then compared it to the deficit under President Trump’s first term.
“When I left Trump’s rally four years ago, it was a 0% deficit. So all of this is important. It takes a little time. We can’t do anything overnight. But I think the vision of the president he laid out last night, our people here again, for the first time, have noticed what we’re doing, we’re at the crisis.
Rollins also discussed the unrealistic expectations placed in the current administration to reverse economic trends within the first 30 days.
“You can’t change the entire economy in 30 days. You can’t lower the cost of goods in 30 days. And you know, it’s not just what we inherited, you’re looking at the cost of input,” Rollins said when pointed out that people on the left are denounced by Trump for the current state of the economy. “And I know Larry, you’re a super champion of energy and you know how we can reduce the cost of the goods by getting drills, baby drills, more energy independence and getting it back. But this is all a problem.”
As of 2025, the following are the US farm costs: surface There are a variety of challenges and trends as farmers tackle high input costs amid fluctuations in commodity prices. To manage costs, many people are focusing on purchasing equipment and reducing fertilizer use given the need for tighter margins and cost-effectiveness.
Fertilizer prices are now after peaking for the past few years I’m hoping for Stabilizes as long as global supply issues and geopolitical tensions do not arise. The costs of chemicals used in agriculture are also predicted to be stable. Energy costs are expected to fluctuate, particularly with rising natural gas prices, but diesel and gasoline could drop slightly. (Related: Exclusive: GOP officials announce plans to rescue US farmers who have gone bankrupt from China’s economic attacks)
In response to changing economic circumstances, Virginia Republican Rep. John McGuire introduced the first legislation to propose reducing transportation costs for the state’s agriculture and logging sectors by allowing heavy loads on interstate highways. The bill, called the Agriculture and Forestry Transport Efficiency Act, aims to limit state roads and increase efficiency and safety as it seeks to increase the weight limit for trucks that transport raw agricultural and forestry products on Virginia’s interstate roads to 90,000 pounds.
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