Rising prices for raw materials have only added kinds to logistic struggles but work is underway to relieve the situation.
Steel tariffs have caused farm vehicle and equipment prices to accelerate. Those tariffs end January 1st, and the government says that farmers should start to see prices come down soon after.
Another factor is the semiconductor shortage. Sen. Debbie Stabenow says that Congress has a plan in the works.
“The Innovation and Competition Act is critical-- that is about the future-- not relying on one company in Taiwan for all of the manufacturing of semiconductor parts that go into vehicles,” she states.
The bill has already cleared the Senate and awaits a vote in the House. It would allocate $50 billion dollars to boost chip production in the United States, including partial funding to build a semiconductor plant in Arizona.
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