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Many MFU Priorities Passed in 2023 Legislative Session

Several priorities of Minnesota Farmers Union (MFU) members were included in bills passed during the final days of the 2023 legislative session, including a public option that will allow farmers to buy into MinnesotaCare starting in 2027, an extension and expansion of the state’s Beginning Farmer Tax Credit and investments to help Minnesota farmers reduce their carbon emissions and increase climate resilience on their farms.

“The 2023 legislative session has been a momentous session,” said MFU President Gary Wertish. “Not only did legislators pass a grain indemnity fund to protect farmers in the event of a grain elevator failure, but they also acted to allow family farmers to better afford health care insurance through the public option buy in for MinnesotaCare. The increase in the ag homestead property tax limit will help farmers who are dealing with rising land values and decreasing commodity prices; and the investments in climate resilience are essential in the wake of the back-to-back weather disasters Minnesota has experienced over the past few years.”

Here’s a look at some of the provisions MFU’s grassroots members prioritized in bills passed in the final days of the session.

The health and human services bill (SF2995) that passed Monday includes a MinnesotaCare buy-in option long sought by members of Minnesota Farmers Union. The public option allows farmers and others to buy into the comprehensive health insurance coverage provided to lower-income Minnesotans through MinnesotaCare. The bill directs the commerce commissioner to submit a federal waiver application and implement a public option by Jan. 1, 2027.

“Passage of this language marks historic progress for the MinnesotaCare buy-in public option,” said Cindy VanDerPol, an MFU member who farms with her family in Chippewa County. “Health insurance is expensive, but essential. Thankfully, we were able to qualify for MinnesotaCare before I was diagnosed with breast cancer. Without the coverage, I don’t know how we would have paid for the medical care I needed. As Minnesota continues to work toward unveiling the public option in 2027, I will continue telling my story because health care is vital to all.”

The bill also includes the establishment of a Prescription Drug Affordability Board and increased oversight of large hospital mergers.

“Our state needs more providers, especially in Greater Minnesota and rural communities,” said Dana Seifert, a MFU member from Scott County who is a physical therapist and board certified pediatric clinical specialist. “Healthcare mergers aren’t sought after by patients whose health and quality of life are impacted by department downsizing and shorter visits with their doctor. Rather, mergers are proposed in the name of improved revenue flows for healthcare systems.”

The tax bill (HF1938) includes an extension and expansion of the Beginning Farmers Tax Credit, an increase in the first-tier ag homestead limit and funding for Soil and Water Conservation Districts.

“The Beginning Farm Tax Credit is critical to aspiring farmers like me,” said Molly Byron, a MFU member from Waseca County who is involved in transitioning her family farm to the sixth generation. “With high land prices, it is nearly impossible to farm without some kind of assistance. Young people can’t compete with established farmers. Expanding the Beginning Farmer Tax Credit will help transition farmland from farmers who wish to retire while giving the incoming generation a chance to take over a family farm.”

The environment, natural resources, climate and energy bill (HF2310) includes money to pilot a green fertilizer production incentive, technical assistance for the Minnesota Board of Water and Soil Resources and resilience planning at the University of Minnesota.

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2025 USDA December Crop Report a “Dud” + Trump $12 Billion U.S. Farm Aid

Video: 2025 USDA December Crop Report a “Dud” + Trump $12 Billion U.S. Farm Aid


The USDA December crop report was friendly corn, neutral soybeans and bearish wheat. The USDA did surprise and increase the 25/26 U.S. corn export forecast to a new record high at 3.2 billion bushels now up 12% vs. last year vs. prior at +9% vs. the export pace to date up 30% the best in 10 years even higher than 20/21! The USDA left the 25/26 U.S. soybean export pace unchanged at 1.635 billion bushels. Higher global wheat supplies will remain a weight and headwind for wheat into year end and start of 2026.
Mexico is now the #1 buyer of U.S. corn, soybeans (usually China), wheat and pork!
USDA also released its long-term early projections but expect more changes by February of 2026.
Trump announces a $12 billion U.S. farmer aid package to be paid out by February 28, 2026. This helps no one but the ag banks, farm equipment companies, seed and fertilizer companies. It does prevent more farmer bushels from being sold near-term but is not bullish grain prices long-term. The Trump administration should focus on increasing U.S. domestic demand and propping up grain futures so farmers can cover their higher costs, up since COVID of 2020.
The China U.S. soybean purchase tracker now stands at 4.521 mmt or 38% of the 12 mmt promised by China at year end or is it end of February or the growing season? Why the discrepancy vs. the fact sheet. The optics are poor for the Trump administration.
After surging to contract highs U.S. natural gas futures plunged over 30+% in just 5-trading days!
Silver traded to new record highs as the debasement and de dollarization trade continued but technicals remain overbought near-term.
Soybean futures remained in correction mode after the funds went record long futures on Nov. 19 +233,000 contracts but the $10.80 support should hold into year end when the fund profit taking/liquidation comes to an end from the year end, end of month and end of quarter selling.
The U.S. Fed cut interest rates for the 3rd time by 25 basis points to a range of 3.50 – 3.75% and they will only cut one more time in 2026 and once in 20267/ but when Powell is gone next April the replacement is willing to cut more aggressively and we could see U.S. interest rates fall to 2.0% very bullish for ag and stocks as it could reignite inflation into 2027.
After 2 months of being drier than normal in Brazil the rains have finally arrived for the 1st half of December, and a record crop is still in the cards but if this pattern continues and verifies it could start to delay the harvest. Argentina after being too wet has turned dry but they are too small, compared top Brazil in the grand picture.
The Canadian dollar surged to $0.73 after better-than-expected employment data with 180,000 new jobs in the past 3-months and 3rd quarter GDP at +2.6% but this could be short-lived.
The latest CFTC report as of 11-19-2025 reported a record long fund position in soybeans at +233,000 contracts when 2026 March soybean futures peaked on 11-19-25 at $11.724/bu.