Farms.com Home   Ag Industry News

Republicans introduce bill designed to reduce farm input costs

Republicans introduce bill designed to reduce farm input costs

The Reducing Farm Input Costs and Barriers to Domestic Production Act reverses Biden administration regulations

By Diego Flammini
Staff Writer
Farms.com

A group of Republican congresspeople introduced a House bill designed to reduce input costs for American farmers.

Congressman Glenn Thompson (R-Penn.) tabled the Reducing Farm Input Costs and Barriers to Domestic Production Act on June 15.

The bill calls for the reversal of some Biden administration regulations which would benefit U.S. producers.

This includes reversing the Environmental Protection Agency’s (EPA) actions related to crop protection tools.

As of February 2022, for example, the EPA revoked all food tolerance for chlorpyrifos, an important insecticide for producers.

Other highlights of the bill include reversing EPA WOTUS changes, rescinding the Securities Exchange Commission’s rule which would require companies to report supply chain emissions, and including phosphate and potash on the U.S. Geological Survey’s list of “critical minerals.”

The actions in the bill would support U.S. farmers, who have the ability to tackle domestic and international food issues.

"The U.S. and the world face a disrupted global food system resulting in increased energy prices, fertilizer cost spikes and shortages, and worsening food scarcities in developing countries,” Thompson said in a statement. “We’re in a crisis moment, and we need concrete, immediate policy actions to help mitigate impacts both at home and abroad. American agriculture, if given the right tools and regulatory confidence, can serve a vital role in alleviating global food instability and mitigating costs for consumers.”

Thompson’s bill comes after nearly 100 Republicans sent a letter to the president on June 13, saying his administration’s “regulatory agenda would further limit American farmers’ ability to meet global food demand,”

Congressman Jake LaTurner (R-Kan.) is among the letter’s signatories and sponsors of Thompson’s bill.

Lawmakers need to pass this legislation to show they stand with American farmers, he said.

“I am proud to support the Reducing Farm Input Costs and Barriers to Domestic Production Act to offer real solutions to the challenges impacting our agriculture industry,” he said, WIBW reported. “This bill will bring down record-high input costs, reverse President Biden’s harmful regulatory burdens, and provide much-needed certainty to the hard-working Americans that feed, fuel, and clothe our nation.”


Trending Video

A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!

Video: A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!


The Iran/U.S. peace deal and the reopening of the Strait of Hormuz is bearish farm diesel prices and fertilizer.
A peak in crude oil = a peak in soy oil futures + a peak in canola futures short-term.
The SpaceX IPO increased Elon Musk’s net worth by $300 billion in 1 day more than what Warren Buffet made in his entire lifetime! WOW!
The NEW Fed chairman Kevin Warsch was too hawkish and hates providing guidance and visibility on interest rates. U.S. $ Index breaks above $100.
Cattle on Feed BULLISH!
S&P Global shock- the U.S. could lose 30 million corn acres by 2050. They say we need E15 mandated now!
China has started buying U.S. soybeans, but we need more volume.