The success of our economy depends on the success of our farmers. According to the Department of Agriculture, agriculture contributed roughly $1.3 trillion to gross domestic product in 2021, with direct farm output reaching nearly $165 billion. The 2023 Feeding the Economy report also confirms the…
has hit our family farms hard. The price of basic inputs such as fertilizer, seed, and feed has increased, energy costs have climbed, and interest rates show no sign of receding. But inflation isn’t the only challenge. Burdensome regulations such as the Biden administration’s expanded definition of President Barack Obama’s Waters of the United States rule and California’s absurd Proposition 12 mandates have caused uncertainty and added costly expenses to farmers’ already tight budgets.
According to recent estimates, 34% of all U.S. producers are over the age of 65, while only 8% are younger than the age of 35, which means that approximately 40% of farmland is expected to change hands over the next two decades.
I have also introduced the Safe American Food Exports Act to codify the USDA’s role in negotiating regionalization agreements that allow livestock, poultry, and other animal products from unaffected areas of the country to be safely exported in the event of a FAD outbreak. Finally, ensuring that our producers can benefit from advancements in precision agriculture technology remains a priority for me. Last year, after attending the Farm Progress Show in Boone, Iowa, I introduced the Precision Agriculture Loan Program Act to help our farmers invest in precision agriculture equipment, which possesses the unlimited potential to lower input costs, increase productivity, reduce inputs, and lessen the time-intensive nature of agriculture.
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