The farm sector is reacting to the latest tariff movement, which has all of agriculture speculating over the potential impact for farmers on both sides of the border.
President and CEO of the National Council of Farmer Cooperatives, Chuck Conner spoke with RFD-TV’s own Jennifer Smith on what he is hearing from the ag industry, possible ripple effects, and updates on negotiations.
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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.