NAWG Launches Advocacy Campaign to Protect Family Farms
The House of Representatives and Senate are currently moving forward with a $3.5 trillion budget reconciliation package. Today, NAWG is launching an advocacy campaign to urge lawmakers to oppose proposals that would effectively eliminate the stepped-up basis on capital gains taxes, limit the ability of farmers to utilize 1031 like-kind exchanges, and other key tax provisions that would negatively impact growers’ ability to pass the farm on to the next generation. Urge your member of Congress to maintain the current estate tax system and oppose any potential transfer taxes on farmers by joining our advocacy campaign. Now is a critical time for protecting tax law affecting farmers — click here to join us in our campaign and follow the instructions to send a message to your Member of Congress.
Order Vacating and Remanding the Navigable Waters Protection Rule
The Environmental Protection Agency and the U.S. Army Corps of Engineers (the agencies) received an order vacating and remanding the Navigable Waters Protection Rule in the case of Pascua Yaqui Tribe v. U.S. Environmental Protection Agency. Implementation of the NWPR has halted and usage of the pre-2015 regulatory regime has been adopted. The agencies continue to move forward with a goal of better protecting our nation’s water resources and of creating a definition of “waters of the United States” based on inclusion and diversity. In a recent press release, NAWG CEO, Chandler Goule, commented that NAWG supports maintaining the provisions of the NWPR in order to provide the clarity that growers have been seeking. NAWG will continue to engage in the process as the Army Corps and EPA move through this process. To read the full press release, click here.
NAWG Welcomes Suspension of Vietnam Wheat Import Tariff
In August, NAWG published a press release to commend the bilateral package that was announced from Vice President Harris’ recent trip which would suspend or eliminate the Vietnam Wheat Import Tariff. This suspension would reap multiple benefits by not only improving competitiveness for American growers but also by aiding in reduced food costs for Vietnam. NAWG CEO, Chandler Goule, commented how pleased NAWG is to see this tariff being lifted due to the many opportunities that will be present for both countries. NAWG will continue to work to advocate for an efficient trade system that will have a positive impact on U.S. wheat producers and their customers around the globe. To read the full press release, click here.
Register for the 2021 Wheat Industry Fall Conference
Join us for our 2021 Wheat Industry Fall Conference in Kansas City, MO November 8-10, 2021. We are excited to have an in-person event this year as we come together and strategize ways to continue improving policies and tactics that benefit wheat growers around the nation. Registration for the event closes October 7 and the Intercontinental Kansas City at the Plaza hotel portal closes October 14. You will find everything you need to register and book your room on our Wheat Industry Fall Conference website page.
GOVERNMENT AND INDUSTRY NEWS
Budget Resolution and Reconciliation Process
In August, the Senate and then the House of Representatives passed a 2022 budget resolution that calls for $3.5 trillion in new spending, which paved the way for using the reconciliation process. As part of the Democrats proposed reconciliation instructions – which can be found here – they propose significant investments in conservation programs, agricultural research, renewable energy and forestry, and other climate-related priorities. On Friday, September 10, the House Agriculture Committee will consider its proposal to satisfy the reconciliation instructions. For more information or to watch the business meeting, click here.
Senate Committee on Agriculture, Nutrition, and Forestry Advanced Nominees
Earlier in August, the Senate Committee on Agriculture, Nutrition, and Forestry advanced the nominations of Xochitl Torres Small to be Under Secretary of Agriculture for Rural Development and Robert F. Bonnie to be Under Secretary for Farm Production and Conservation. Their nominations will now go before the full Senate. To view more information about Small and Bonnie’s nomination, click here.
August WASDE Report
The August WASDE report showed reduced supplies, lower domestic use, unchanged exports, and decreased ending stocks for the month for wheat. Wheat production is reported to be down 49 million bushels from previous forecasts. The projected season-average farm price is raised $0.10 per bushel to $6.70. To view the full report, click here.
U.S. Drought Monitor (USDM) Update
According to the USDM, the past week saw widespread improvements across areas of the Midwest and eastern portions of the Central and Northern Plains states in response to beneficial rainfall. Rainfall accumulation in these areas ranged from 2 to 12+ inches leading to one-category improvements across areas of the Dakotas, Nebraska, Kansas, Iowa, Minnesota, and Wisconsin. In the South, Hurricane Ida made landfall along the Gulf Coast of Louisiana on Sunday as a Category 4 hurricane with maximum sustained winds of 150 mph. In the West, dry conditions persisted across most of the region with approximately 90% of the region currently categorized as “in drought”. In California, two major wildfires (Dixie and Caldor fires) continued to intensify and expand due to the dry and windy conditions. In addition to impacting fire conditions, the ongoing drought in California continues to strain the state’s water resources. To view the map and regional reports, visit the website here.
NATIONAL WHEAT FOUNDATION NEWS
National Wheat Yield Contest Rules for 2022 Contest with New Quality Recognition Categories
At the end of August, the National Wheat Yield Contest released its rules with some new quality recognition categories for its 7th year in 2022. The categories for entry are Winter Wheat, Spring Wheat, dryland and irrigated, and 24 national awards are given. These 24 national winners can receive a cash reward for industry-desired quality. Another change includes having growers get their wheat graded at a local elevator and uploading their proof online. Project manager, Anne Osborne has done a few interviews to talk about these exciting new changes; read the Progressive Farmer here. To see a full list of parameters and the sponsors, click here.
Gifts of Grain
Gifts of Grain is a new fundraiser recently launched by the Foundation in hopes to raise money to continue wheat education and research. Farmers can donate “gifts of grain” from unsold crop inventory. Any commodity traded such as wheat, corn, cattle is eligible for donation. The donor may deliver the grain to the elevator of their choice and ask to transfer ownership of the donated bushels to the National Wheat Foundation. Click here for additional details or contact NWF project manager, Anne Osborne at AOsborne@wheatworld.org to learn more about how you can participate in Gifts of Grain.
ARTICLES OF INTEREST
– SP Global Platts