“A win for rural America. Period.”
That’s what Jay Truitt, CEO of Policy Solutions had to say after a panel discussion at the National Association of Farm Broadcasters Convention.
While it’s still too soon to tell what this really means for agriculture, Truitt is confident rural America will see some positive changes in its future from President-Elect Donald J. Trump. Plus, he adds, Vice President-Elect Mike Pence has a long history of understanding the nuances of farm policy, so that’s a big win for farmers.
“I think we’re going to see a tax cut, and that’s good for rural America,” he adds.
Truitt also foresees some possible reductions in environmental regulations. On the other hand, he does have some concerns about how we’ll approach trade in the future.
“We haven’t done the best job of negotiation that we possibly could,” he says. “We’ve got some room for improvement.”
For U.S. farmers and ranchers, trade is a big cornerstone of their profitability, Truitt notes. Right now, the U.S. is out-producing what the American people want or need, so there are two options: produce less, or sell more. Truitt is in favor of selling more, but he admits that option requires the right kind of structured agreement that just isn’t in place yet.
Listen to the full interview: