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NAWG Testifies to House Agriculture Subcommittee During “Producer Perspective on the 2023 Farm Bill” Hearing

National Association of Wheat Growers President and Klamath Falls, OR wheat farmer Brent Cheyne, testified in front of the House Agriculture Subcommittee on General Farm Commodities, Risk Management, and Credit where he joined the “Producer Perspectives on the 2023 Farm Bill” hearing.

Brent Cheyne highlighted NAWG’s primary Farm Bill priorities, including the importance of maintaining and enhancing crop insurance, both in terms of effectiveness and costs for farmers. It is essential that the effectiveness and affordability of crop insurance is not limited as it is the primary tool that helps avert cropping disasters and mitigate risks. The cost to purchase crop insurance has increased in recent years and Cheyne encouraged Congress to allow higher coverage levels at more affordable premiums.

“Farming is a risky business requiring a strong safety net,” said Brent Cheyne. “Wheat farmers rely on the certainty of the crop insurance program. In turn, the American people can depend on farmers who are able to continue to withstand natural disasters and produce the most stable food supply in the world.”

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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


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China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
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As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
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