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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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.