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The Trump administration announced a temporary reduction in tariffs on several categories of agricultural and industrial equipment, lowering the rate from 25% to 15% through the end of 2027.
June 3, 2026
Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
Corn, soybeans and wheat each hit a fresh for-the-move low overnight.
ADP jobs data today a precursor to Friday’s key employment report
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