By Keystone Today |
Jul 23, 2024
Today, a panel of witnesses before the House Committee on Agriculture—including producers, a lender, an input supplier, and an Extension economist—warned of the dire outlook facing the agricultural supply chain. Plummeting crop prices, escalating input costs, worsening credit conditions, and sustained natural disasters are creating a “perfect storm” of headwinds for farm country. Witnesses urged policymakers to “head off the economic hemorrhaging” and take advantage of the opportunity to substantially course correct the farm safety net through the enactment of enhanced risk...