Ag lawmakers are responding to the tariff rollout and the subsequent retaliatory tariffs.
Iowa Senator Chuck Grassley says while there may be some uneasiness oout there, this is what the voters wanted.
“I think we have to realize that he’s just doing what the voters voted him to do and we’ll just have to see how it works out.”
Canada is a major supplier of potash to the United States. Senator Grassley says there has been no request to the White House yet for a potential waiver. They have also hit back with their own tariffs, 25 percent on around $30 billion of U.S. goods, which will continue until the U.S. drops its tariffs against Canada.
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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.
