Global Food Prices Up | Potential $4.9B Cut to USDA | Farmer Sentiment Improves

Compilation of news from industry sources (April 10, 2026)

Global food prices up for second straight month

The benchmark global food commodity index rose for the second straight month as prices for all grains except for rice also increased, according to the latest monthly report from the Food and Agriculture Organization (FAO) of the United Nations. 

Trump budget would cut USDA funding by $4.9 billion

The top line for the president’s budget released (this past) Friday is a $1.5 trillion request for Defense spending, while proposing to cut about $660 billion in non-military spending across the federal government. For USDA, the budget requests $20.8 billion in discretionary budget authority for FY 2027, a $4.9 billion or 19% decline from 2026.

Farmer sentiment improves despite rising input costs concerns

Farmer sentiment improved in March as the Purdue University-CME Group Ag Economy Barometer (AEB) Index rose from 116 points in February to 127.

Credit: Contributor, Getty Image

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Just for fun: Best agricultural universities in the world, see where yours ranks