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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, April 23, 2024
The push for agriculture productivity and sustainability has brought rapid innovation for farm machines in the US and around the globe. While global food, fiber and fuel demand promise opportunity for machinery manufacturers, the agriculture equipment industry faces real challenges from a global economic downturn, higher emission standards, uncertain U.S. tax policy and a paradigm shift in net farm income from lower commodity prices. Charlie O'Brien, Senior Vice President for the Association of Equipment Manufacturers says technology in the coming generations of farm machinery will lead to a more rapid turnover of equipment sales as producers strive to maximize both efficiency and production.
Jeff Nalley
Charlie OBrien, Sr VP-Association of Equipment Manufacturers
US Senator Saxby Chambliss is returning to his home in Georgia after two decades of service in Washington. A strong advocate for rural America and agriculture, Chambliss believes challenges will come in the 114th congress to risk management tools approved in the new farm law. Chambliss says urban representation on the agriculture committees and budget constraints will make approving new farm policy even more difficult in the years to come. As a member of the 'Gang of Six', Chambliss says there will be consequences if elected leaders don't address some very difficult fiscal decisions.
House Agriculture Committee Chairman Frank Lucas persevered with agriculture groups and congressional leaders to bring a new farm bill to law. In the 114th Congress, Lucas says he'll be diligent to protect funding for the risk management tools he sees essential for the nation's farmers and ranchers. Lucas favors Trade Promotion Authority for the administration and supports incoming committee chairman Congressman Mike Conaway's plans for hearings on nutrition and other aspects of farm policy.
Iowa US Senator Tom Harkin has been a voice for farm and rural issues for four decades in Washington. Working with eight different farm bills, Harkin championed the nation's efforts on conservation, nutrition, energy and farm policy. The Iowa Democrat says future farm policy will require a broader coalition of voters that represent rural issues as well as agriculture and more tools to protect natural resources.
Nebraska Senator Mike Johanns believes the lame duck agenda will be brief and the 114th congress challenged with a blizzard of regulatory authority exerted from the Obama administration. While the GOP majority in both the House and Senate cannot be ignored, both chambers may struggle to muster enough votes to override a presidential veto on key issues. Johanns expects a tremendous amount of energy around the appropriations and budget process in the new congress. Many wonder what might be the next political step for this Nebraska Republican.
While the dairy industry has seen improved financial stability this year, Tom Gallagher CEO of Dairy Management Incorporated says the combination of larger global supplies and unstable economies makes the 2015 dairy outlook more challenging. Domestically, Gallagher says DMI has signed seven different partnerships to boost fluid milk consumption to a health and wellness minded consumer base. The effort will see an investment of over half a billion dollars in new packaging and new products to grow market share at home and with consumers around the world.
