In May, Chair of the House Committee on Agriculture, Representative Glenn Thompson (Earth hater-PA), introduced HR 84676, the "Farm, Food and National Security Act of 2024," in Congress. He leads all comers in campaign cash harvested from the worst offenders.
Bankers remain gloomy as farmland prices fell, farm equipment sales sank and the overall Rural Mainstreet Index slumped for the tenth straight month while regional exports of agriculture goods and livestock for 2024 year-to-date were down 4.1% from the same period in 2023. High natural gas prices that make it more expensive to power grain dryers amid record harvests are contributing to cost spikes so some utilities want to raise rates exacerbating a rise in inflation. Failed red state South Dakota also suffers the ninth highest energy costs in the United States because Republicans give free rein to monopolistic predators like Montana/Dakota Utilities, Black Hills Energy and Summit Carbon Solutions masquerading as your friends and bilking South Dakota residents while filling lakes with mercury and suing landowners for access.
According to Creighton University's Ernie Goss rising interest rates and inflation are already affecting the supply chain but those conditions seem like a problem only for those of us who aren’t billionaires. That land-locked states have higher inflation rates should come as little surprise as transportation costs mount but as fuel prices increase emissions should decrease reducing the rise in greenhouse gases.
Basically, Doug Johnson, who heads up Johnson Ag Outlook, said supply is out of sync with demand in ways the industry couldn’t predict. By creating new demand, for example, low corn prices could drive up ethanol production. [American farmers are feeling gloomy]Just like on border politics Earth hating Republicans are dragging their feet on the farm bill to make Democrats look like the villains and to elevate a convicted felon.
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