AMES, IOWA (RFD NEWS) — The American Farm Bureau Federation (AFBF) is leading an effort to highlight growing challenges for farmers and rural Americans. The farm industry group sent a letter to Congress, once again asking for additional support for the agricultural industry, as the conflict creates even more pressure on farmers preparing fuel and other inputs for spring planting, now facing even higher costs.
“Severe weather, high expenses, and global uncertainty are hitting farmers from all sides right now,” says AFBF Director of Government Affairs Brian Glenn. “The recent closure of the Strait of Hormuz and its impact on fertilizer and fuel prices only worsened the financial strain farmers face, and it poses significant consequences for the food supply chain in America and around the world.”
As the White House considers a supplemental defense spending bill, the Farm Bureau wants money included for market relief for farmers.
“This relief should build on the $11 billion in Farmer Bridge Assistance program payments for row crops and should include meaningful support for all specialty crop, sugar, and alfalfa growers, as well as assistance for farmers and ranchers dealing with catastrophic weather events across the country.”
The Farm Bureau-led coalition also suggests policies such as year-round E-15 sales and tax breaks to encourage domestic consumption of ag goods. The supplemental defense bill is expected to come up in the next few weeks.
Middle East Conflict’s Growing Impact on Spring Planting
Farmers are closely monitoring geopolitical tensions in the Middle East as they finalize plans for the spring planting season. Shaun Haney, host of RealAg Radio on Rural Radio SiriusXM Channel 147, joined us on Monday’s Market Day Report to discuss how the ongoing conflict around the Strait of Hormuz could influence agricultural decision-making.
In his interview with RFD News, Haney addressed the potential risks of high oil prices and the uncertainty surrounding the duration of disruptions in global shipping lanes. He also discussed how these factors are affecting planting decisions and shared what he is watching from Washington in the near term to support farmers.
Corey Rosenbusch with The Fertilizer Institute joined us to discuss supply chain disruptions and what farmers should watch as global tensions impact fertilizer markets.
