The cost of doing business is taking a toll on many family farms today. New legislation is aiming to better support the rural economy by lowering interest rates and making loans more accessible for farmers and ag borrowers.
Senator Roger Marshall, one of the co-leaders, joined RFD-TV’s Jennifer Vickery Smith to discuss what the act aims to do, the need for the legislation as farmers cope with current economic factors, growing pains with tariffs, and the Make America Healthy Again initiative.
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“It really hamstrings our availability of financing to get loans when everything is costing 30-60% more.”
“Producers want those options for identification and traceability purposes that they were promised back in 2013, and that’s what made it controversial.”
“We need something to happen!”
