Agri-Pulse Open Mic Interview

This week’s Open Mic guest is Sen. Deb Fischer, R-Neb. In this interview, Fischer explains the need for legislation to approve year-round sales of E-15 for the nation. She looks forward to crafting a new farm bill but admits nutrition will again be challenging for both sides of the aisle. She stands firmly against Mexico’s ban on genetically modified corn and says trading partners must be held accountable to their commitments. Fischer supports the nation’s checkoff programs and opposes legislation to add restrictions to their operations.

This week’s Open Mic guest is Gary Adams, President and CEO of the National Cotton Council. The profit pendulum has swung deeply into the red for U.S. cotton farmers. Adams says many producers faced challenges finding operating loans this year and may be left wanting without a new farm bill that reflects the current economic climate. He also discusses the impact of the Supreme Court's Chevron decision and potential concerns about international trade.

This week’s Open Mic guest is Corey Rosenbusch, President and CEO of The Fertilizer Institute. Fresh off a meeting of the International Fertilizer Association, Rosenbusch offers troubling news on how Houthi rebels are impacting fertilizer shipping channels and how Vladimir Putin is conspiring to control fertilizer supplies and ultimately global food security.  At home, Rosenbusch says TFI members share the call of commodity organizations to Washington to deliver a new farm bill. Rosenbusch hopes the Treasury Department can deliver clear nutrient guidance in the new IRA 45Z rules.

This week’s Open Mic guest is Donnell Rehagen, CEO of Clean Fuels Alliance America. With an expanded mission of increased renewable fuels types and feedstocks, CFAA hopes to see expanded growth of renewable liquid fuels in the near future. Rehagen sees the industry’s potential beyond the 4.6 billion gallon industry as it stands today with growth in industrial, transportation and sustainable aviation fuel, but feedstock availability and government regulations have proven formidable headwinds for industry growth.  CFAA applauds Agriculture Secretary Tom Vilsack’s call for information to develop sustainable agriculture practices to help qualify crops as feedstocks for the Treasury Department's 45Z rules and tax credits.

This week’s Open Mic guest is Andy Harig, Vice President of Tax, Trade, Sustainability and Policy Development for FMI-The Food Industry Association. Consumers and the food industry have been forced to adapt to the Covid Pandemic as well as higher food costs from inflation. Harig says the market’s philosophy has shifted from a “just in time” to a “just in case” mentality. He says the food industry is adapting to consumers who spend less time preparing meals and are more sensitive to the sustainability of the food supply. Harig says FMI members want a new farm bill for nutrition as well as security of the domestic food supply.

This week’s Open Mic guest is Steve Nicholson, Global Sector Strategist for Grains and Oilseeds with Rabobank. In this interview, Nicholson discusses the mixed signals the Federal Reserve is sifting through as it continues to battle inflation. While there improvements in the economy, Nicholson says higher rates impact capital intensive businesses like transportation and agriculture. He says farmers need clear answers on risk management tools a new farm bill should provide.