After another long week in the ag news cycle, it appears that there are a lot of coals in the fire—the Senate version of the farm bill awaits passage as the House version as already done so, movement with the Renewable Volume Obligations (RVOs) in the Renewable Fuels Standard could come at any time, and tension with trade partners continues to rise.
Friday’s AgriTalk included the usual group for the Friday Free for All; host Chip Flory, Pro Farmer policy analyst Jim Wiesemeyer, Real Agriculture founder Shaun Haney, and Iowa farmer Pam Johnson. The group did their best to cover all the issues, and below are a couple highlights from Friday’s show:
Differences between the House and Senate Farm Bills
“There are some differences in that Senate bill,” said Wiesemeyer. “One of them has Debbie Stabenow all over the place, she got what she wanted, but they had to cut funding for rural electric co-ops by $2.36 billion in order to get her a new budget baseline for several programs.”
On Trade Relations with China
“One study said that if the July 6th 25 percent tariffs go into effect on ag products the U.S. will reduce soybean exports but 69%...let that sink in a little bit,” said Johnson. “We can’t afford to keep playing chicken here, leaving the table to me isn’t a very good strategy.”
“Already with the waivers we’ve gone down from 15 billion gallons to 13.5 [billion] and we can’t afford that right now,” said Johnson.
Flory asked Wiesemeyer when he expected the announcement to come, which Wiesemeyer had hoped would be Friday, but that did not happen.
“There aren’t going to be any surprises, I think how they are going to deal with reallocations is going to be deferred anyway,” said Wiesemeyer
For the full AgriTalk conversation click the player below