Planting season is upon us with some crops already in the ground, but Nebraska farmers say there is a cloud of uncertainty overhead.
“I think farmers are a little nervous. We’re going to have to continue to see where it is, where everything is, and we’re going to be paying very close attention as to everything that happens. Whether we’re talking about this economic program, the weather-related disaster assistance, the conversation on taxes which will be heating up, or trade and tariffs as well,” said Jordan Dux, Senior Director of National Affairs with the Nebraska Farm Bureau.
Dux says the $10 billion in economic assistance announced by USDA last week will be helpful but other groups say it is just a band-aid.
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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.
