RFK Jr's report calls farmers the ‘backbone' of the US – but Trump's cuts hurt them
The split-screen for small and organic farms – which one farmer described as the administration 'talking out of both sides of their mouth' – comes on the heels of the release of the 'Maha' report. The White House document mentions farms, farmers and farming 21 times, and argues conventional agriculture has led to more ultra-processed foods.
'Reading that report, it's like a small-scale organic farmer's dream,' said Seth Kroeck as he slammed the door on his 1993 F350 truck. Kroeck owns the organic Crystal Spring Farm, 331 acres (135 hectares) in Brunswick, Maine. 'But then at the same time, [secretary of agriculture] Brooke Rollins's name is on this – she's proposing to cut two-thirds of the agriculture budget.'
Related: Trump vowed to help US farmers. These four say his policies are 'wreaking havoc'
Kroeck had just finished planting 2,500 brussels sprouts and one-10th of an acre of specialty peppers. He still needed to fix a flat on a piece of farm equipment that day. He said small-scale farmers have promoted local, organic and whole foods for decades.
While Kroeck is presumably the kind of farmer Kennedy would laud, all he finds is frustration with the administration, and actions that will 'undoubtedly' make food more expensive.
'We're dealing with two personalities with our government,' said Kroeck.
As conventional farmers decry the Maha report's criticism of agricultural chemicals such as atrazine and glyphosate (the active ingredient in RoundUp), some organic and independent farmers have found that the meager government support they depend on has been upended by an administration that claims it wants to support them.
'Farmers are the backbone of America – and the most innovative and productive in the world,' the report, led by Kennedy, argued. 'We continue to feed the world as the largest food exporter. The greatest step the United States can take to reverse childhood chronic disease is to put whole foods produced by American farmers and ranchers at the center of healthcare.'
Reading that report, it's like a small-scale organic farmer's dream. But Brooke Rollins's name is on this
Seth Kroeck, Crystal Spring Farm
But by March, the administration had already cut a total of $1bn in programs that supported small farms that grow locally produced fruits and vegetables. For instance, they cut a program that helped tribal food banks provide healthy food and ended a $660m program that brought fresh local foods to school cafeterias. In just one example of impact, the cut quickly ended fruit and vegetable snacks in New York City schools.
'This is a huge deal for small farmers,' Ellee Igoe told the New Lede publication in March. Igoe is a co-owner of Solidarity Farm in southern California. 'We're growing healthy food and providing it to local communities. And they are cancelling contracts without real reason. Out here, it feels like it is very politically motivated.'
In just one example of direct impact to Kroeck, the Trump administration fired most of the staffers at Kroeck's local Natural Resources Conservation Service (NRCS) office, an arm of the US Department of Agriculture that provides technical assistance to farmers, including on-site visits. The staff shrank from six to one – only the director remains.
Related: Trump has no plan for who will grow US food: 'There is just flat out nobody to work'
'In my book, she's a superwoman, but how long is that going to last?' said Kroeck. 'And what farmer is going to want to take on new contracts when it's going to take her months and months and months just to return a call?'
Kroeck also criticized the Maha report for including apparently invented scientific references.
'The citations in the report seem to be made up by ChatGPT – this is crazy,' said Kroeck, who said he's not a cheerleader for occupants of ivory towers, but 'we do have to have some standards'.
Groups such as the Organic Trade Association have largely echoed Kroeck's sentiments, noting that this is what the organic movement has been saying all along and they need money.
'We've long known that health begins on the farm and encourage the administration to invest in meaningful policies that expand access to organic for consumers,' said co-CEO Matthew Dillon in a statement to the Guardian.
While some organic farmers say their relationship with the government has always been tenuous, small farmers say chaos has only worsened that relationship. Coastal wild blueberry farmer Nicolas Lindholm said at least a portion of the funding he was expecting for the year – to mulch his blueberries with wood chips – was 'dead in the water'.
We had applied for three different funding programs ... as of February all three of them were basically frozen
Nicolas Lindholm, blueberry farmer
'My wife and I have an organic wild blueberry farm here on the coast of Maine,' said Lindholm.
'Over the past five months, we had applied for three different funding programs – all different – and finalized them through December and into January – and as of February all three of them were basically frozen.' Like many farmers, Lindholm's needs were time-sensitive: blueberries can only be mulched every two years because of their growing cycle.
In addition to direct cuts by the administration, congressional Republicans proposed cuts to food programs that indirectly benefit farmers. House Republicans passed a bill proposing $300bn in cuts to food stamps, or the Supplemental Nutrition Assistance Program (Snap), to fund tax cuts. They have also proposed cuts to a food program that helps new mothers and babies buy fruits and vegetables.
Related: Bleak outlook for US farmers – and Trump tariffs could make it worse
The panic within conventional agriculture communities has also been pronounced – with pointed criticism of the report coming before it was even published. Corn and soybeans dominate American cash crops, accounting for $131.9bn in receipts in 2023, versus just $54.8bn in all fruits, vegetables and nuts combined.
'It's no secret you were involved in pesticide litigation before you became secretary,' said Cindy Hyde-Smith, a Republican senator for Mississippi, to Kennedy, leading into a question about the need for glyphosate (the active ingredient in RoundUp), and asking whether Kennedy could be impartial.
Kennedy, who went on to pledge he would not put 'a single farmer' out of business, said: 'There's nobody that has a greater commitment to the American farmer than we do – the Maha movement collapses if we can't partner with the American farmer.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
After Soaring 1,000% Since the Start of 2023, Is Rocket Lab Stock a Buy Today?
Key Points Rocket Lab's future hinges on the development of its large Neutron rocket. The company is vertically integrating its space services to try to win both commercial and government contracts. Rocket Lab's stock price is getting ahead of its growth potential. 10 stocks we like better than Rocket Lab › Rocket Lab (NASDAQ: RKLB) has made investors happy in the last few years. Since the start of 2023, the stock is up over 1,000%, turning a $10,000 investment into over $100,000, with most of these gains coming in the last few quarters. Wall Street is aggressively bullish on this space and rocket launch provider that some believe could be the next SpaceX. Today, Rocket Lab is on the cusp of a huge catalyst for its business: commercializing a new rocket type called the Neutron. Does that make the stock a buy even after these massive stock gains? Growing launch capabilities with the Neutron After beginning its journey as a rocket launch company with a small payload provider called the Electron, Rocket Lab is currently in testing to develop the next phase of its business. This is through a rocket type called the Neutron, which can deliver payload capacities much greater than the Electron system. While the Electron is a solid business that is now on pace to do over 20 launches a year, it will always remain a niche service from a revenue perspective due to its small size. Larger payloads equate to more revenue potential per launch, which is why the Neutron is vital for the company. The Neutron can deliver payloads equivalent to SpaceX's Falcon 9, which charges over $50 million per flight. For reference, Rocket Lab's total revenue over the last 12 months was $500 million. By the end of this year, Rocket Lab expects to make its first test flight with the Neutron, and then plans for commercialized trips in 2026. Once ready, Neutron will be the first direct competitor SpaceX has ever had in the medium launch market. Not only will the Neutron enable Rocket Lab to get more launch revenue, it will open up contracts through its vertical integration strategy in what it calls Space Systems revenue. These are capabilities it has acquired or built itself where the company builds items for its launch customers. These could include satellites, solar arrays, telecommunication systems, virtually anything a company (or the U.S. government and its allies) want to have in orbit. Vertically integrating the services space customers want should help Rocket Lab win new customer contracts. Combining Space Systems together with the Neutron is a multibillion-dollar opportunity for the company and a competitive advantage against its peers. Expanding contract opportunities Commercial opportunities for satellite launches should continue en masse in the near future. Companies want to launch tens of thousands of satellites into orbit for services such as satellite internet at Amazon's Project Kuiper, among other opportunities. Rocket Lab's current backlog is only $1 billion and hasn't moved higher in a few quarters, but management had a good explanation for this stagnation on the recent earnings conference call. Customers are waiting until the Neutron rocket is fully operational to commit orders. Again, this shows how vital the Neutron development is for the business. Government contracts could be even more lucrative over the long term. Rocket Lab is vying for contracts such as the Golden Dome, a United States satellite-based defense system with a budget of $175 billion. Rocket Lab is one of the few defense contractors with the capabilities to quickly build these defense systems, as long as the Neutron is fully operational. Combine the commercial and government opportunities and Rocket Lab's revenue should keep growing at a rapid clip over the next decade. It wouldn't be shocking if its current $500 million in revenue grew by 10x to $5 billion within a decade. Is Rocket Lab stock a buy? Rocket Lab is a fast-growing company, so it is no surprise that investors have bid up the stock to monstrous levels. The stock currently has a market cap of over $20 billion and a price-to-sales ratio (P/S) of 45, which is significantly higher than the average stock. Rocket Lab is growing much faster than the average company, but these are high expectations for future growth nonetheless. The business does not have extremely high profit margins, either. Its gross margin is slightly above 30% and guidance calls for progression to 40% or higher, but this is not a software business. Margin expansion will be limited, and bottom-line net income margin will likely not expand to much higher than 10% or 15% once the business matures. A 10% profit margin on $5 billion in future revenue -- which is 10 times today's level -- equates to $500 million in earnings. That would bring Rocket Lab's price-to-earnings ratio (P/E) down to about 20, or around the market average. But how long will it take Rocket Lab to scale to this level of earnings? I think it could take 10 years. This makes Rocket Lab's stock expensive despite its massive growth potential, meaning that investors should avoid buying shares unless the stock takes a significant dip from current levels. Should you invest $1,000 in Rocket Lab right now? Before you buy stock in Rocket Lab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rocket Lab wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,466!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,633!* Now, it's worth noting Stock Advisor's total average return is 1,077% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Brett Schafer has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Rocket Lab. The Motley Fool has a disclosure policy. After Soaring 1,000% Since the Start of 2023, Is Rocket Lab Stock a Buy Today? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Yahoo
25 minutes ago
- Yahoo
TJX shares rise as earnings beat drives upward guidance revision
-- The TJX Companies (NYSE:TJX), Inc. reported second-quarter earnings that exceeded analyst expectations, prompting the off-price retailer to raise its full-year profit outlook. Shares surged 3.8% following the announcement. The parent company of T.J. Maxx, Marshalls, and HomeGoods posted adjusted earnings per share of $1.10 for the second quarter, significantly above the analyst estimate of $1.01. Revenue reached $14.4 billion, surpassing the consensus expectation of $14.14 billion and representing a 7% increase from the same period last year. Comparable store sales grew 4% across the company's portfolio of stores. TJX's pretax profit margin came in at 11.4%, well above the company's plan and 0.5 percentage points higher than last year's second quarter. The company attributed the strong margin performance to favorable hedges, operational efficiencies, and the timing of certain expenses. "I am extremely pleased with our second quarter performance. Sales, pretax profit margin, and earnings per share were all above our plan," said Ernie Herrman, Chief Executive Officer and President of TJX. "Consumers were drawn to our excellent values and brands. Customer transactions were up at every division as we saw strong demand at each of our U.S. and international businesses." Looking ahead, TJX raised its full-year earnings guidance to $4.52-$4.57 per share, above the analyst consensus of $4.51. However, the company's third-quarter EPS guidance of $1.17-$1.19 fell short of the $1.22 analysts were expecting. TJX maintained its full-year comparable sales growth forecast of 3%. The company's inventory position increased 10% on a per-store basis compared to last year, which management described as reflecting "excellent buying opportunities" in the marketplace. During the quarter, TJX returned $1 billion to shareholders through $515 million in share repurchases and $474 million in dividends. All of TJX's divisions reported positive comparable sales growth, with TJX Canada leading at 9%, followed by TJX International and HomeGoods at 5% each, and Marmaxx at 3%. Related articles TJX shares rise as earnings beat drives upward guidance revision Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Apollo economist warns: AI bubble now bigger than 1990s tech mania
Yahoo
25 minutes ago
- Yahoo
5 All-Time Best Pieces of Money Advice From Robert Kiyosaki — And 3 of the Worst
Facts are facts: Robert Kiyosaki's 'Rich Dad Poor Dad' has sold over 40 million copies and fundamentally changed how many think about money. But like any financial guru, his advice ranges from brilliant to potentially dangerous. Find Out: Read Next: Here's an honest look at his best insights and most problematic recommendations. 5 Best Pieces of Financial Advice From Robert Kiyosaki These tips are at the top and might be ones you should consider. Understand the Difference Between Assets and Liabilities 'An asset puts money in my pocket. A liability takes money out of my pocket.' This simple definition cuts through financial jargon and helps people focus on what actually builds wealth versus what drains it. Why it works: Understanding this difference is key to financial success. Kiyosaki explains that assets, like investments, generate income, while liabilities, like debt, take money away. This framework helps people make better purchasing decisions. Learn More: Focus on Financial Education 'A person can be highly educated, professionally successful, and financially illiterate.' Kiyosaki believes that schools don't teach money management, leaving even smart professionals struggling financially. Why it works: It's true that most of us don't learn to manage money in school. This explains how 'smart professionals' struggle financially their entire lives. Make Money Work for You, Not the Other Way Around 'The poor and the middle-class work for money. The rich have money work for them.' Instead of just trading time for money, wealthy people invest in assets that generate income. Why it works: This mindset shift moves people from active income (requiring constant work) to passive income (money working independently). Pay Yourself First Kiyosaki acknowledges this is a tough concept but encourages people to buy assets or save money before paying their bills. This ensures you're consistently building wealth rather than just covering expenses. Why it works: By consistently setting aside a portion of your income for investments, you ensure that you are steadily building wealth. Learn First, Then Invest 'Want to lose money fast? Simple: Invest in what you don't understand.' Kiyosaki warns against investing based on hot tips or trends without understanding the underlying asset. Why it works: Many people enter the market without a clear understanding of how it works. They may follow advice from friends, social media or financial news without doing their own research. 3 Worst Pieces of Financial Advice From Robert Kiyosaki These tips are ones you might want to avoid. All Debt Is 'Good Debt' If Used Right Kiyosaki teaches that thinking you need to get out of debt entirely will keep you poor. He promotes heavy use of leverage without adequately emphasizing the risks. Why it's dangerous: You're relying on the assets you purchase to continue generating income. If they stop doing that for any reason, you're on the hook for the entire debt payment, which you may not be able to afford. Extreme Predictions To Drive Investment Decisions 'I strongly believe, by 2035, that one Bitcoin will be over $1 million dollars. Gold will be $30k and silver $3,000 a coin.' He can make extreme predictions about economic collapse to promote his preferred investments. Why it's dangerous: It could be argued that Kiyosaki is a marketing expert who uses his X account to keep himself in the news. Boring topics like diversification don't capture public attention, doomsday predictions do. Generic Advice Without Specific Implementation The 'Rich Dad' book does a good job challenging conventional thinking of working for salary versus working toward building passive income. Beyond that initial advice, the books can be a bit generic on how to build the actual passive income. Why it's dangerous: To build wealth, people need specifics beyond 'have good debt' and 'make your money work for you.' While simple can be good, often more detailed advice is needed. Kiyosaki also will sometimes advise money-making and investment strategies that are simply too complicated for novices. As with any expert, it's best to throughly research his advice and seek second opinions before making any big money moves. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 8 Common Mistakes Retirees Make With Their Social Security Checks Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy This article originally appeared on 5 All-Time Best Pieces of Money Advice From Robert Kiyosaki — And 3 of the Worst Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data