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Statement by Katharine Ferguson, USDA Chief of Staff, on the Emergency Relief for Farmers of Color Act

“We are pleased to see the introduction of the Emergency Relief for Farmers of Color Act yesterday in the Senate, a bill that will bring much-needed economic assistance during the pandemic and begin to advance equity for farmers of color. The bill is the culmination of hard work and collaboration among members of the Senate and House and new leadership at USDA who share a common purpose to end inequity in our food and agricultural systems. It’s a bill crafted to address the immediate need for debt relief among those who have been marginalized and are hurting while also advancing long-term issues such as Heirs’ Property, tackling the root causes of discrimination via an Equity Commission, and investing in building back a new generation of farmers of color. We are grateful for the leadership shown by Senators Booker, Warnock, Luján and Chairwoman Stabenow, as well as House Committee Chairmen Scott and Bishop who we expect to release a similar proposal today. We look forward to continuing to work with Congress to strengthen the American Rescue Plan so that it brings relief to those most in need.”

Source : usda.gov

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Hedge Fund Buying in Soybeans Continues + U.S. Supreme Court Strikes down Trump’s Tariffs!

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Better technicals, hedge fund buying on hope of more Chinese and soy oil demand optimism from new U.S. biofuel policies in 2026 is a BIG WIN! Could the U.S. supreme courts ruling that struck down Trump's tariffs derail the Chinese buying of U.S. soybeans? USDA Ag Outlook Forum projections this week were friendly corn, neutral soybeans and bearish wheat BUT……. Wildfires in the U.S. Plains another warning sign of a possible drought in 2026 + March First Day Notice blues and more.