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NCGA Focused on Advancing Grower Priorities in New Legislative Landscape

The November 5 election provided a clearer picture of what the next couple of years will look like in Washington. With an overwhelming majority of the votes counted, we are preparing to swear in President-Elect Donald Trump and a new Republican-controlled Congress in January.

The changes in Washington will be top-down. We will have new leadership at all the federal agencies, including those that oversee important issues for farmers, like the U.S. Department of Agriculture. While nominations for leadership roles are coming in quickly, at this writing, we do not know who will be nominated as secretary of USDA.

With our growers facing tough economic headwinds, NCGA and corn grower leaders are already working hard to shape the coming policy landscape.

Our short-term focus is to advance key priorities during the waning weeks of 2024, in which there are fewer than 20 joint legislative days left. Our goals include:

  • Passing disaster relief and economic assistance for farmers. NCGA is supportive of efforts in Congress to provide relief to growers facing financial hardships, ranging from economic difficulties to natural disasters. This funding is proposed in addition to and as a bridge to a strengthened farm safety net.  
  • Pushing legislation to allow for year-round consumer access to E15. EPA already granted a request from eight Midwestern governors to allow the year-round sale of fuel with a 15% ethanol blend, or E15, in their states beginning in 2025. But there is legislation in Congress that would codify this agreement into law, allowing for year-round consumer access to E15 across the country. We are working to pass this legislation by year’s end. Access to higher blends of ethanol is good for the environment, saves consumers money at the pump and helps expand demand for corn ethanol. Let’s get this done!
  • A robust farm bill. There is still a chance we will see a strengthened farm bill passed this year, but it’s a big hill to climb in only a few short weeks of a lame-duck session.While we are disappointed that there has not been more public progress, we are prepared to continue our advocacy until a bill that reflects corn grower priorities is signed into law. 

Turning to the new year and beyond, our advocacy priorities include:

  • The Next Generation Fuels Act. With farm income on a steady decline, the Next Generation Fuels Act – which would modernize the liquid fuels system – is the best path forward to capture more of the light-duty vehicle market and stimulate demand for corn. That’s why it has been and will continue to be one of our top legislative priorities. The Next Generation Fuels Act enjoys support from bipartisan members of the House and Senate. But we need additional support from members of Congress. Transitioning the gasoline supply to lower carbon, high-octane fuel, something higher blends of ethanol can provide, reduces emissions and increases vehicle fuel efficiency. Advancing this legislation will be a priority in the year ahead.
  • New foreign markets for corn. International trade is an important demand driver for U.S. corn, as roughly 15% of the U.S. corn crop is exported. NCGA continues to advocate for proactive trade negotiations that open new markets to U.S. corn. This includes reducing tariff and non-tariff barriers that could impede access to foreign markets. We look forward to working with the new administration to pursue trade agreements or other initiatives that address market access. NCGA will continue to call on Congress to increase funding in the farm bill to open new markets for U.S. agriculture products.
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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.