DES MOINES, IOWA (RFD NEWS) — Farmers delivered a record-breaking crop this year, but the achievement comes amid mounting stress across the agricultural economy. With a heavy supply outlook weighing on markets, industry leaders are emphasizing the need for solutions that provide stability and expand demand.
Iowa Secretary of Agriculture Mike Naig joined us on Thursday’s Market Day Report to share his perspective on the current situation and what producers are facing.
In his interview with RFD NEWS, Naig discussed his key takeaways from this week’s Crop Production Summary and what he is hearing directly from farmers. He addressed how the large supply picture is impacting producer sentiment and profitability.
Naig also spoke about the potential role of year-round, nationwide E15 sales as a market solution, explaining how expanded biofuel access could help absorb excess supply. He shared his outlook on whether such a move could happen in the year ahead.
The conversation also focused on the importance of securing a five-year Farm Bill. Naig emphasized that predictable policy provides certainty and support for farmers during challenging economic times. He also addressed concerns that the expiration of the latest stopgap spending bill on January 30 could slow progress on Farm Bill negotiations.
Before wrapping up, Naig offered his outlook for the year ahead as he continues advocating for farmers amid an already eventful start to the year.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
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