WE NEED A FARM BILL SIGNED INTO LAW BEFORE 2025
Over the last few years, the agriculture economy has taken a turn for the worse. Commodity prices have fallen below producers’ break-even points, our agricultural trade deficit has eclipsed $43 billion, farm debt stands at a record $540 billion, and inflation combined with high interest rates continue to squeeze profit margins.
A recent report from Purdue University also found that three in every four farmers expect conditions in the farm economy to deteriorate in 2025. This economic reality for our agricultural community underscores the need to get the Farm Bill signed into law before we ring in the new year.
It is well past time for Senate Democrats to come to the table and work with Republicans to stand with the men and women who feed and fuel our country and the world. By January 1, 2025, our farmers deserve a reauthorized and improved five-year Farm Bill.
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