President Trump Hosts 800 Farmers at White House to Address Rising Costs on National Agriculture Day

1.9 million farms and ranches operate across 880 million acres of U.S. farmland — down 7% in farm count from 2017

Net farm income fell from a record $182 billion in 2022 to a projected $140 billion in 2024 — then USDA forecast a 29% rebound to $181 billion in 2025

Fertilizer prices are down sharply from 2021–22 peaks but remain above pre-2021 levels as of the 2025 planting season

U.S. agricultural exports hit $176 billion in 2024 — the third-largest total on record — but the ag trade balance ran a $37 billion deficit

The U.S. exports 47% of its soybeans and wheat, 55% of its sorghum, and 84% of its cotton — and the top 3 export markets (Mexico, Canada, China) are also the top 3 tariff targets