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.
Related Stories
Sen. Deb Fischer, of Nebraska, mentioned that Congress pushing through year-round E15 sales will do more to help commodity growers than more farm aid, which is currently a reality.
Sen. Moran joins us to discuss the farm aid package and the financial reality faced by row crop farmers in his home state of Kansas.
Grain farms still have strong balance sheets, but another stretch of low profits will force hard cost cuts, especially on high-rent, highly leveraged operations.
The new rule removes prevented-plant buy-up coverage, prompting strong objections from farm groups concerned about added risk exposure.
Tight Credit, Strong Yields Define Early December Agriculture
