# Trump’s tariffs generate $958M but cost farmers far more

> 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.

- Date: 2026-01-22 · published 2026-01-22T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/21036-trump-s-tariffs-generate-958m-but-cost-farmers-far-more
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher input costs from tariffs squeeze farm margins and could reduce planting or fertilizer use, which affects longer-term feed supply costs.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-06-07 | [Will more Trump tariffs hurt or help U.S. farmers?](https://feedsoft.ai/events/29760-will-more-trump-tariffs-hurt-or-help-u-s-farmers.md) | +5.6% | -4.9% |
| CORN | 2025-04-10 | [Trump, tariffs and farmers : NPR](https://feedsoft.ai/events/25114-trump-tariffs-and-farmers-npr.md) | +3.1% | -3.3% |
| CORN | 2019-08-12 | [How Trump’s tariffs finance farmer bailouts](https://feedsoft.ai/events/57601-how-trump-s-tariffs-finance-farmer-bailouts.md) | -6.0% | -8.6% |
| CORN | 2019-03-06 | [Mexican farmers urge 'mirror' tariffs on Trump's rural base](https://feedsoft.ai/events/60064-mexican-farmers-urge-mirror-tariffs-on-trump-s-rural-base.md) | -1.7% | -1.5% |
| CORN | 2019-02-22 | [USDA has paid out $7.7 billion to help farmers hit by Trump's tariffs](https://feedsoft.ai/events/60597-usda-has-paid-out-7-7-billion-to-help-farmers-hit-by-trump-s-tariffs.md) | -1.3% | +2.0% |
| SOY | 2024-06-07 | [Will more Trump tariffs hurt or help U.S. farmers?](https://feedsoft.ai/events/29760-will-more-trump-tariffs-hurt-or-help-u-s-farmers.md) | -0.9% | -2.1% |
| SOY | 2025-04-10 | [Trump, tariffs and farmers : NPR](https://feedsoft.ai/events/25114-trump-tariffs-and-farmers-npr.md) | +2.6% | +2.4% |
| SOY | 2019-08-12 | [How Trump’s tariffs finance farmer bailouts](https://feedsoft.ai/events/57601-how-trump-s-tariffs-finance-farmer-bailouts.md) | -0.7% | -3.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-policy/trump-s-tariffs-deliver-mixed-results-as-farmers-face-rising-costs

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.