Palantir (PLTR) Stock Signs $300M USDA Deal for Farmland Security

TLDR

• Palantir signed a $300 million Blanket Purchase Agreement (BPA) with the U.S. Department of Agriculture.
• The deal supports the National Farm Security Action Plan and the “One Farmer, One File” initiative.
• It builds on Palantir’s existing “Landmark” platform work with the USDA.
• U.S. farmers are under pressure from trade war costs and rising fertilizer prices tied to the Iran conflict.
• PLTR stock is down 18% year-to-date despite a 25-fold run from 2022 to end of 2025.

Palantir Technologies (PLTR) has signed a $300 million software deal with the U.S. Department of Agriculture. The agreement was announced Wednesday and covers farmland management and food supply security.

The contract is structured as a Blanket Purchase Agreement. It is designed to support the National Farm Security Action Plan, known as the NFSAP.

The deal builds on Palantir’s existing work with the USDA’s “Landmark” platform. Landmark lets farmers report acreage through self-service digital tools, cutting down on paperwork and manual processes.

Palantir Technologies Inc., PLTR

A key part of the agreement is the “One Farmer, One File” initiative. The goal is to streamline how USDA delivers services to farmers and government field staff across the country.

The timing is not random. U.S. farmers are getting squeezed from multiple directions right now.

The ongoing trade war with China has disrupted soybean markets. China temporarily crippled that market late last year before a partial deal eased some tensions.

Rising gas prices from the war in Iran have driven up fertilizer costs due to shipping disruptions. That has forced many farmers to rethink what crops they grow, putting broader supply chains under strain.

In December, President Trump announced a $12 billion bailout to support farmers caught in the trade war crossfire.

China Farmland Purchases Add Pressure

China’s acquisition of U.S. farmland has also raised flags in Washington. A recent note from the Foundation of Defense Democracies called on the USDA to reform reporting rules under the Agricultural Foreign Investment Disclosure Act to limit adversarial nations from gaining a strategic foothold through land purchases.

The Palantir contract is seen as a direct response to that concern.

Where Palantir Stands Right Now

This deal expands Palantir’s footprint beyond its core defense work. The company was founded in 2003 to support U.S. defense capabilities after 9/11, and its AI-powered Maven Smart System was used by the U.S. military during the Iran conflict.

Palantir has faced criticism for its contracts with ICE and the Department of Homeland Security, with reports suggesting its tools have been used to surveil Americans. Karp has pushed back on those claims publicly.

On the stock side, PLTR is down 18% in 2026 after a run that saw it climb more than 25 times in value from 2022 through the end of 2025. Short seller Michael Burry has been betting against the stock since fall 2025, calling it “wildly overvalued.” Karp has responded directly, saying he looks forward to being proven right.

PLTR was up 2.58% on Wednesday following the USDA announcement.

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