American Farmer: "We Need a Farm Bill"

Watch on YouTube ↗  |  March 28, 2026 at 14:25  |  6:15  |  Bloomberg Markets

Summary

  • Farmer John Bartman details a severe and rapid cost spike for liquid urea fertilizer: from $11,000 last year to $21,000 currently, representing a critical input cost surge.
  • Highlights a structural increase in global fertilizer demand driven by Trump-era trade policies that spurred Brazil to massively expand soybean and corn acreage, consuming fertilizer year-round.
  • Expresses deep frustration and bearishness due to policy uncertainty, labeling the current situation a "man made crisis caused by Donald Trump" and doubting promised Chinese purchase volumes.
  • Argues the core problem is lack of demand and stability for US agricultural products, citing loss of competitiveness from trade agreements like the South American free trade deal with Europe.
  • States that according to the American Farm Bureau, every single commodity grown is currently unprofitable, creating a dire economic environment for farmers.
  • Notes that farm equipment sales are down 50% from the prior year, linking it directly to widespread farm unprofitability.
  • Criticizes the political focus, claiming important issues like carbon sequestration markets have been shelved due to the current administration's actions.
  • Views the proposed farm bill as essential but is skeptical of its passage and effectiveness, noting Republican nervousness about reopening SNAP program debates.
Trade Ideas
John Bartman Fifth Generation Corn and Soybean Farmer 5:15
Speaker states John Deere's new combine costs over $1 million, while government relief for soybean farmers was only $30/acre and every commodity is currently unprofitable. Historically high equipment prices are colliding with a period of severe farm unprofitability and eroded farmer balance sheets, which will suppress demand for new capital equipment. The fundamental customer base (farmers) cannot afford major capital expenditures, creating significant demand headwinds for agricultural equipment manufacturers. Passage of a substantial farm bill or a rapid, sustained recovery in commodity prices that restores farmer profitability and confidence.
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This Bloomberg Markets video, published March 28, 2026, features John Bartman discussing DE. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: John Bartman  · Tickers: DE