House Subcommittee Trying to Stop EPA’s Clear Water Rule; Stronger U.S. Dollar Could See More Export Corn
The House Transportation and Infrastructure Committee and Subcommittee on Water Resources and Environment Chairs introduced legislation this week to stop EPA from finalizing the clean water rule it sent to the Office of Management and Budget last week. House Ag Chair Michael Conaway says the U.S. Supreme Court rebuked EPA twice for overstepping its bounds - but the Administration’s response was to double down. House Ag Ranking Member Collin Peterson says EPA’s proposed rule has the potential to regulate farmers and ranchers out of business - putting the entire rural economy in jeopardy.
As the U.S. dollar strengthens - the National Corn Growers Association says the importance of the impact of favorable trade policies on sales gains further importance. Over the past year - NCGA says the U.S. dollar has strengthened against most currencies. U.S. Grains Council Vice President Erick Erickson says the most important implication of a strong dollar will be for U.S. market share as competitor countries will be able to export corn at lower prices than the U.S.