The return of President Trump to the White House in 2025 comes with all kinds of speculation regarding his trade policies and import tariffs. The United States agriculture industry is bracing for change. Trump signed the Agriculture Improvement Act of 2018 (aka the Farm Bill) into law, but it technically expired on Sept. 30, 2024. Congress has extended the bill through crop season 2025.
While Trump looks to trim down government regulatory agencies, including the USDA and FDA, his priority is to bolster industries in the United States to reduce reliance on exports. There is a high possibility that Trump will endorse more payments to America’s farmers, which could enable more machinery upgrades and financing for purchases with falling interest rates. His "Drill, baby, drill" stance to bolster domestic oil and gas production could lead to lower fuel costs, improving margins for agriculture companies. Two agriculture-related companies could benefit from a Trump presidency trickling down to galvanize the consumer staples sector.
