The ag sector is keeping a close eye on Capitol Hill as we wait for the Senate to pass a spending package to keep the government running through September.
Many are speculating on how the Continuing Resolution could impact the timeline for a new Farm Bill.
Mike Stranz with the National Farmers Union spoke with RFD-TV’s Suzanne Alexander about what he is hearing from the ag community, how the legislation will impact the Farm Bill if passed, and what would happen if the Farm Bill keeps getting pushed back.
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Sen. Deb Fischer, of Nebraska, mentioned that Congress pushing through year-round E15 sales will do more to help commodity growers than more farm aid, which is currently a reality.
Sen. Moran joins us to discuss the farm aid package and the financial reality faced by row crop farmers in his home state of Kansas.
Grain farms still have strong balance sheets, but another stretch of low profits will force hard cost cuts, especially on high-rent, highly leveraged operations.
The new rule removes prevented-plant buy-up coverage, prompting strong objections from farm groups concerned about added risk exposure.