Beef Buzz News
NCBA's Ethan Lane Concerned About How Biden Administration Will Pay For All The Spending Packages
Fri, 11 Jun 2021 07:46:51 CDT
Itís a scary time for agriculture and cattle producers in Washington, D.C., said Ethan Lane, NCBA vice president of government affairs, as the Biden Administration wants to spend trillions of dollars.
Ron Hays Beef Buzzes With Ethan Lane
Somebody has to pay for it.
There is a lot of need for true infrastructure and (Congress) canít seem to agree on what to have for lunch nevertheless what should be counted as infrastructure, Lane said.
Paying for all the spending packages by possibly increasing taxes is the scary part, he said.
For an industry like agriculture that owns large amounts of land, equipment and assets but is typically cash poor, this hits close to home, Lane said.
Weíve spent a lot of time trying to communicate this to the Biden Administration, Lane said.
The good news is Biden and USDA is listening.
Weíve seen the President relent on stepped up basis and other things, Lane said.
The damage from any effort to force ag to pay for all the spending plans could be catastrophic, Lane said, as 40 percent of agriculture operations are going to transition to the next f=generation in the next 15 years.
If you took some of these tools out of the tool chest to allow families to transition those farms and ranches, you will lose the agriculture base in this country, Lane said.
Click on the LISTEN BAR below to hear more of Ronís interview with Ethan Lane.
The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for todayís show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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