February 27, 2020

Agricultural Outlook- Biofuels, Farm Bill (“Sodsaver”), and Trade Issues

Agricultural Outlook- Biofuels

Reuters writers Robert Rampton and Charles Abbott reported on Friday that, “American farmers are in a bind this year — land, fuel and seed costs are up but crop prices are down sharply after a three-year, ethanol-fueled boom, say leaders of the largest U.S. farm group.

“‘We’re looking for less net farm income … The only question is how much less,’ said Bob Stallman, president of the 6 million-member American Farm Bureau Federation, in an interview ahead of the group’s annual convention.

“About 5,000 people are expected at the convention in San Antonio, Texas, which opens on Sunday. Farmers will hear the first forecasts of U.S. harvests and farm-gate prices this year before 369 delegates vote on farm policy proposals.”