A bipartisan bill is being reintroduced in the Senate to protect the ag industry from foreign investment and consolidation. It is called the Foreign Adversary Risk Management Act, also known as the FARM Act.
U.S. Senator and sponsor of the bill, Tommy Tuberville spoke with RFD-TV’s own Suzanne Alexander on conditions in the capital with the new administration, challenges in passing the FARM Act, and the new Secretary of Ag’s list of priorities.
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Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
Year-round sales of E-15 are another major topic on Capitol Hill, which, according to Rep. Adrian Smith (R-NE), is one issue up for debate this session with significant bipartisan support.
Lawmakers have until September 30 to shore up federal spending for next year, or risk a government shutdown. The Farm Bill is also set to expire the same day.
American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.