On the recordJune 5, 2019
Mr. President, our economy has made tremendous strides over the past 2 years. Americans on the whole have access to more jobs, higher wages, and more opportunities. Unfortunately, our Nation's agricultural economy is trailing behind the broader economy. A combination of low commodity prices, protracted trade disputes, and natural disasters and weather-related issues have left many farmers and ranchers struggling. Nationwide, net farm income is about half of what it was in 2013--half. In my home State of South Dakota, farmers and ranchers are currently facing the fallout from severe winter storms, heavy rainfall, bomb cyclones, and spring flooding. Less than half of this year's acreage intended for corn has been planted. Compare that to this time last year, when 96 percent of our State's corn was in the ground and growing. Today, just 14 percent of South Dakota's soybeans have been planted, compared to 83 percent this time last year. To make matters worse, for many farmers, this year's planting season is already over, as their land is completely flooded and will not dry out in time for anything to be planted. Other States that produce the bulk of our country's corn and soybeans are facing similar planting challenges. There have been some recent wins for farmers and ranchers. The administration's announcement that it is lifting the ban on the year- round sale of E15--15 percent ethanol-blended fuel--is great news for corn producers in South Dakota and around the Nation.…
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