Senate ag lawmakers will hear testimony on the U.S. Grain Standards Act. The hearing comes a week after the House brought the same legislation up for consideration.
Key ag provisions within the legislation expire this fall. They allow the Grain Inspection Service to set standards during inspections and at weighing stations. It was designed to increase transparency in domestic and international trade.
Ag professors at Kansas State University say it also needs ot be modernized, arguing technology has come a long way since its inception back in 1916.
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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.
