On the recordJune 28, 2018
I rise today to discuss the Agriculture Improvement Act of 2018, or what is commonly known in our part of the country as the farm bill, which we are considering on the Senate floor this week. The farm bill is a vital piece of legislation to the people of my home State of South Dakota, where our economy depends on agriculture to survive. With more than 31,500 farms across the State, South Dakota ranks in the top 10 for ag production, providing a $25 billion impact on our economy annually. Stability and certainty for our farmers, which this farm bill helps to provide, is crucial as they do their part to feed and fuel a growing global population. I would like to thank Chairman Pat Roberts, Ranking Member Debbie Stabenow, and all of the other members of the Senate Ag Committee and their staff, who worked tirelessly to get this marketed-oriented bill to the floor for consideration by the full Senate body. This bipartisan bill will provide much needed certainty to our ag community at a pivotal time, when the ag economy is facing significant challenges. The ag economy is down more than 50 percent over the past 5 years, and the numbers don't look much better for 2018. According to the Department of Agriculture's own Economic Research Service, net farm income is projected to fall an additional 7 percent this year to $58 billion.…
Source
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