The President’s Commerce Secretary was in the hot seat this week, talking American manufacturing with a Senate subcommittee.
Kansas Senator Jerry Moran questioned Lutnick over a program that helps smaller U.S. manufacturers. The department is not requesting money for that program next year. Lutnick says it is not forgotten, but rather being reworked.
“Programs that were set up by the Department of Commerce decades ago, to assist in technology for manufacturing, tend to be outdated. The new technology is AI-driven, automated, and I think we need to reexamine and retool a whole variety of these programs so that we are able to provide the best technological assistance rather than just continuing our program that’s decades and decades old.”
The Hollins Manufacturing Extension Partnership was started back in 1988. It is a public-private partnership that was designed as a cost-share program. Leaders say the program helped manufacturers get $15 billion in sales last year.
Michigan corn farmer and NCGA Vice President-Elect Matt Frostic will lead the task force. He joined us on Thursday to share his insights on the escalating corn crisis.
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Rising cow numbers and higher yields are boosting milk supplies, which may keep pressure on prices and farm margins into the fall.
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As input costs continue to rise, diesel prices have held steady in recent weeks, according to energy analysts at GasBuddy.
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The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
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Midwest corn and soy producers are monitoring for disease and lower yields due to the ongoing drought over the last 30 days.
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