Governmental Regulations
“This is my plea, from a humble farmer in Ukraine to the people of the world: Please ask your governments to stop this reckless war, launched by that cruel and power-hungry authoritarian, Vladimir Putin.”
An oil price of $120 a ton could send the global economy into a major recession and fan inflation in the U.S., which Jim Wiesemeyer says is already in double digits for rural Americans.
The Biden administration announced funding for electric vehicle charging infrastructure through the Bipartisan Infrastructure Law to build a “convenient and equitable” charging network of 500,000 stations.
A rail strike is looming despite the majority of unions reaching tentative agreement with the rail companies, but the unions not on board are essential to the operation of the nation’s rail system.
Farm-state lawmakers will eventually add billions to the aid package, but Sen. Chuck Grassley (R-IA) agrees it could take until a later omnibus spending measure to be approved.
Have the Pacific Coast port bottleneck issues been resolved, or moved somewhere else? The East Coast may now be carrying the burden.
Putin said he now wants to renegotiate the U.N.-brokered Ukraine grain export deal, raising concerns the pact may not be able to last. Meanwhile, G7 countries mull over a $44 price cap on Russian oil.
“Friend shoring means that, rather than just bringing everything [manufacturing] back to the U.S., which is feasible, let’s make sure our supply chains are with countries that are friendly to us,” Heidelberg says.
With Ukraine and Russia at war in the midst of a world moving away from the worst of the COVID-19 pandemic, there is a lot to consider in the 2023 Farm Bill. Industry experts weighed-in to share their predictions.
Venture Global penned an agreement to supply a German company, EnBW, with natural gas. Policy analysts say the deal will put pressure on the U.S. government to establish export restrictions amid rising gas costs.