The U.S. Department of Agriculture (USDA) announced an expanded partnership with the Export-Import Bank of the United States (EXIM) to increase domestic agricultural production and exports, while reducing the agricultural trade deficit. Alongside this partnership, USDA is formally launching the Financial Assurance to Revitalize Markets, or FARM, Initiative, a comprehensive effort to strengthen and modernize its export credit guarantee program in support of U.S. agricultural competitiveness.
The FARM Initiative serves as the umbrella for a series of program improvements and activities designed to enhance access to emerging markets, increase certainty for exporters and lenders, and ensure that U.S. agriculture remains a reliable and resilient partner in global trade. The new USDA-EXIM partnership brings together USDA’s export financing programs and EXIM’s role as the official export credit agency of the United States. By coordinating these tools, both agencies aim to create new opportunities for American farmers and agricultural producers, expand available financing and credit programs, and support increased sales of U.S. agricultural products overseas.
“Since January 20, 2025, President Trump has initiated the most aggressive foreign trade agenda in American history. The President and his entire trade team have traveled the world to successfully negotiate over two dozen trade deals, expanding unprecedented market access for American farmers and ranchers. Over the last four years, our trade agenda favored foreign competitors over America’s farmers, ranchers, and producers. This led to a $50 billion projected agricultural trade deficit, when under President Trump we had a surplus. In the last year we cut this in half with corn exports up 29%, ethanol exports up 11%, and dairy exports up 15%,” said U.S. Secretary of Agriculture Brooke L. Rollins. “This new partnership between USDA and EXIM is exactly the new thinking and the comingling of the brightest minds in government that is needed to fully utilize every single available resource to boost ag exports, improve the ag economy, and return to an era of long-term stability and profitability in rural America.”
Source : usda.gov