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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As the Trump Administration seeks out new global trade partnerships, Congress is considering more support for farmers, which comes as the Federal Reserve warns that farmers need a safety net.
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The $221 million will help farmers and ranchers cover losses from Hurricane Helene that USDA programs didn’t cover. They’ll focus on infrastructure, markets, timber, and future economic losses.
Tom Peterson with the New Mexico Cattle Growers Association says taxpayers are “unfortunate casualties” of this overlay now that the Mexican wolf population is stable under ESA guidelines.