American Soybean Association

Rule Changes

Urged administration to ensure farmers are held harmless for deferred taxes

Truckers and farmers can burn tax-exempt 'red dye' diesel on public highways through the end of the year under an executive order President Trump signed October 5 at a rally in Grand Island, Nebraska. The order defers the federal excise tax on that fuel for the period, with no interest or penalties.

Updated 2 days ago

Money Moves

Key commodity group for the most affected export crop

Since 2018, U.S. farmers have been caught in Trump-era tariff battles—first the U.S.–China trade war, now tariffs on China, Canada, Mexico, and others. To counter lost exports and depressed prices, the Trump administrations funded large farm aid through the Agriculture Department's Commodity Credit Corporation: $12 billion in 2018, $16 billion in 2019.

Updated May 10