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A North Dakota State University analysis found that tariffs on farm inputs collected $958 million through October, mostly on farm machinery, chemicals and fertilizer. The analysis concludes that farmers and input suppliers bore far higher costs than that revenue.
Higher input costs from tariffs squeeze farm margins and could reduce planting or fertilizer use, which affects longer-term feed supply costs.
farmprogress.comJoshua BaethgeJan 22, 2026After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
