AFBF Applauds Enactment of Ocean Shipping Reform ActThu, 16 Jun 2022 14:57:46 CDT
American Farm Bureau Federation President Zippy Duvall commented today on President Biden signing the Ocean Shipping Reform Act into law.
"AFBF appreciates the bipartisan work from Congress in getting the Ocean Shipping Reform Act passed and the quick action by President Biden to sign it into law.
"Record-high shipping costs and shortages of containers have created bottlenecks at our ports and worsened supply chain issues at a time of growing demand domestically and overseas. Some estimates suggest we've lost out on more than $25 billion in agricultural exports. Limited trade has also made it more difficult to import supplies, which ultimately costs all Americans through higher prices.
"I was pleased to speak personally with President Biden about the urgent need for this legislation last week, and I was proud to join him today as he signed the bill. Addressing congestion at our ports and creating greater accountability for shipping companies is a positive step toward ensuring America's farmers and ranchers can continue feeding families at home and around the globe."
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