Today, the nation is pausing to remember the late President and humble peanut farmer, Jimmy Carter.
It is the National Day of Mourning, with the former President’s funeral today. Carter has been lying in state in the Capitol Rotunda and is currently making his way across D.C. right now.
A National Day of Mourning means there will be shakeups in the markets. Equities are closed, with commodity markets wrapping up at 12:15 PM Eastern.
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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.
