2024 Fall Farm Outlook Lincoln Daily News Oct 2024 Page 41 What about the future of the farm bill? Well, that’s a trickier question to answer considering the national election coming up in less than a month. What we know for sure is Joe Biden will not be the president. That being the case, it is possible Congress could set another extension of the 2018 Farm Bill. This would likely be because, while the new president is going to be elected in November, they do not take office until January 20th, after permanent law starts to affect some of the farming industries. According to the Farm Bureau, however, this would not be a good idea. “[The Farm Bill’s] time has come… thanks to unanticipated price inflation.” Since the 2018 Farm Bill sets fixed “reference prices,” thanks to inflation, they are not worth the same amount they were in 2018. Considering that no one knows what the outcome of this next election will be, we cannot be certain what will happen considering one of two vastly different candidates will be the one calling the shots. Luckily, the Farm Bureau sends out a questionnaire to presidential candidates, asking them questions about key issues relating to the farming industry. They did this with Harris and Trump and published their responses. The first major question Farm Bureau asked the candidates about was investments or policies they support that would “ensure the resiliency of our food system and the American farmers who make it work.” Starting with Harris, the letter sent back stated that they were looking to create a better economic system for farmers with more opportunities. The letter went on to elaborate on one of these areas, stating that Harris will try to cut down on big farm mergers, creating more Continued --
RkJQdWJsaXNoZXIy MzExODA=