Speaker 1: Good morning it is monday september 19th 2022. And this
Speaker 1: is D. C. Signal to noise since we last talked.
Speaker 1: USDA delivered smaller than expected corn and soybean crop estimates.
Speaker 1: The rail strike was averted by a tentative agreement between
Speaker 1: labor unions and the railroads inflation in august was reported
Speaker 1: at a hotter than expected 8.3%.
Speaker 1: USDA Secretary Vilsack announced $2.8 billion of climate smart farming
Speaker 1: funding
Speaker 1: from the C. C. C.
Speaker 1: And the Cyclones. The Cyclones won their third game of
Speaker 1: the season to head into Big 12 conference play at
Speaker 1: three and o for the first time since 2012. Jim Wiesemeyer,
Speaker 1: pro farmer policy analyst. Good morning jim.
Speaker 2: Good morning. It's always how you end, you know that,
Speaker 2: but
Speaker 1: That's right. That's right. You know what? The cyclones have
Speaker 1: actually ended seasons fairly well over the past four years. Okay.
Speaker 1: It was the start of the season that was killing us.
Speaker 1: We lose a game that we know we should have
Speaker 1: lost and then we of course then we'd lose the
Speaker 1: game to the hawks and then we'd go on a
Speaker 1: winning streak in the big 12 conference and it just
Speaker 1: so this year at least we've got that clean slate
Speaker 1: as we get into
Speaker 2: it. That's
Speaker 1: right. Welcome to you all glad that you are with us.
Speaker 1: I'm agritalk host chip Flory.
Speaker 1: Now we want you to be part of the conversation today.
Speaker 1: There is a comments tab on your main screen someplace.
Speaker 1: Good morning, Egg ball. Good morning Melody. Good morning adam.
Speaker 1: Glad that you guys are here. That's where you ask questions,
Speaker 1: make comments. We will try to make that part of
Speaker 1: the conversation as we, as we roll through the issues
Speaker 1: this morning. Now, first things first, I want to look
Speaker 1: back at a couple of things jim
Speaker 1: and uh,
Speaker 1: um, you know what? This one isn't actually looking back,
Speaker 1: but I think it's, it's high enough on the, the
Speaker 1: global priority list that I feel like we need to
Speaker 1: start with it. Funeral services for Queen Elizabeth are happening
Speaker 1: right now and, and uh, what a fitting.
Speaker 1: What 10 days of recognition. It's really incredible.
Speaker 2: And the line I think got up to five miles.
Speaker 2: I'm not quite sure to see her. So what a,
Speaker 2: what a turnout, you know, and for world leaders chip,
Speaker 2: it's almost like a United Nations meeting right
Speaker 1: there. Right, right. Um,
Speaker 1: It's like 500, I don't know how we can even
Speaker 1: get to the, to that kind of a level and
Speaker 1: run the security that's required for 500 global dignitaries to
Speaker 1: be in attendance at this thing. It's crazy.
Speaker 2: Yeah.
Speaker 1: Okay. Um, last week we had the vote. I'm sorry.
Speaker 1: We don't have the vote yet. The vote is going
Speaker 1: to happen, I believe this week, but the tentative agreement
Speaker 1: between the unions and the rail workers.
Speaker 1: Uh, I said it on friday. I'm gonna say it
Speaker 1: again right now. Uh, tip of the hat to Labor
Speaker 1: Secretary Walsh he stayed at the table until there was
Speaker 1: an agreement.
Speaker 2: Yes. And also to biden on this one. Some sources
Speaker 2: that I believe, uh, said he man the phones and,
Speaker 2: and he's been close to the labor, you know, union
Speaker 2: people throughout his entire career chip now. Yes, the voting
Speaker 2: begins thursday and a lot of people tell me it'll
Speaker 2: go into october
Speaker 1: chip.
Speaker 1: Yeah. So the during the vote though, as I understand it,
Speaker 1: the tentative agreement means that there won't be any work
Speaker 1: stoppages that they will continue to work until we know
Speaker 1: the results of the vote.
Speaker 2: Yes. And even if there were a strike there there,
Speaker 2: I think there would still be a 60 day cooling
Speaker 2: off period at least. That's what some people tell me there.
Speaker 2: So you're going past the elections before this becomes a
Speaker 2: huge issue if, if they do vote it down.
Speaker 1: Um, something that we did not get a chance to
Speaker 1: talk about on friday because we just, well, it was
Speaker 1: a bit of a short and free for all on agritalk,
Speaker 1: but we didn't talk at all about the border. But
Speaker 1: I feel like we need to jim because it has
Speaker 1: been such a blow up issue. After de Santis chartered
Speaker 1: the planes flew some, uh, some immigrants from texas to
Speaker 1: Martha's vineyard. It's
Speaker 1: I hate hate hate
Speaker 1: the fact that these people are in the position that
Speaker 1: they're in to begin with and crossing the border.
Speaker 1: Um, I'm not saying that I don't want them here.
Speaker 1: I'm just saying that it's such a terrible situation for
Speaker 1: these people to be in. It breaks my heart to
Speaker 1: see it.
Speaker 1: But to be used this way
Speaker 1: is also discouraging. But for the level of attention to
Speaker 1: be raised to where it's at at this point,
Speaker 1: the tactic worked.
Speaker 2: It did. And primarily for not only the lawmakers in
Speaker 2: town including the person responsible that, you know, for the,
Speaker 2: you know, border security, at least at the White House
Speaker 2: level or, you know, vice President,
Speaker 2: but also in the more liberal bent media, they've had
Speaker 2: to cover it, Chip, uh, because of the bus situation
Speaker 2: and the city mayors complaining in in D. C. Uh,
Speaker 2: and uh, and elsewhere. So yeah, it it definitely
Speaker 2: uh yeah, it worked. It's just but we just have
Speaker 2: bald faced lies. I cannot sugarcoat it from the vice
Speaker 2: president and and the press person uh, at the White House. Yeah.
Speaker 2: This border is not secure and americans know it.
Speaker 1: No. And and I mean,
Speaker 1: some of the people, I believe it was at least
Speaker 1: one of the immigrants outside of Vice President Harris's home.
Speaker 1: That said the reason we're here is because joe biden
Speaker 1: said the border is open
Speaker 2: and it's clear they gave the signal
Speaker 1: signal.
Speaker 1: Yeah. Um
Speaker 1: when were when
Speaker 1: will there be enough
Speaker 1: uh political willingness to actually do something about it
Speaker 1: and change laws that bring some order to what is
Speaker 1: happening at the border, we
Speaker 2: Have to see the results of the November eight elections
Speaker 2: and if it's a slap on the Democrats, you know,
Speaker 2: uh that will at least raise the opportunity chip. And
Speaker 2: there will be a window there into maybe the middle
Speaker 2: of next year before we get truly true immigration reform.
Speaker 2: Maybe not on a major level but
Speaker 2: agriculture would be involved there. The votes for their for
Speaker 2: for ag immigration, you know, reform. Uh so uh what
Speaker 2: we have to see the results and as far as
Speaker 2: those election results history shows the race is narrow after
Speaker 2: Labor Day and that's what's happening and now you're seeing
Speaker 2: in the major media. Should we believe the polls again?
Speaker 2: Are they falsely now signaling the democrats are rising. So
Speaker 2: now we're all into that time
Speaker 1: frame.
Speaker 1: Okay.
Speaker 1: Um another story from last week that we're going to
Speaker 1: continue to hear about it because Secretary Vilsack USDA Secretary
Speaker 1: Vilsack is traveling to colorado, I'm not sure if it's
Speaker 1: today or sometime this week, but he's going to talk
Speaker 1: more about the climate smart farming initiatives that are being
Speaker 1: funded with a total of $2.8 billion from the C. C. C.
Speaker 2: Come chip that there's 700 or 750 million more dollars
Speaker 2: in another installment. $3.5 billion. I mean we're talking a
Speaker 2: lot of money. A
Speaker 1: lot
Speaker 1: uh full disclosure on this one. I just farm Journal
Speaker 1: is on the list of recipients.
Speaker 2: Yeah
Speaker 1: through the Trust and Food Foundation. Um and we can
Speaker 1: talk more about that and what the what the project
Speaker 1: entails later. I don't have all of those details in
Speaker 1: front of me. But uh
Speaker 1: ranking member glenn Thompson of the House Egg committee is
Speaker 1: not very happy with the C. C. C. Dollars being
Speaker 1: spent this way.
Speaker 1: And I think I agree.
Speaker 2: I totally agree it's not the funding for these climate
Speaker 2: policies is a right not there are some very worthwhile
Speaker 2: you know, programs so hopefully they will succeed. And we're
Speaker 2: gonna get interim reports which I always like, you don't
Speaker 2: want to wait until the very end. But this is
Speaker 2: raising the funding of the commodity credit corporation charter Act
Speaker 2: to a new level and the need to make that
Speaker 2: total funding beyond the current $30 billion maximum. But the
Speaker 2: administration especially, you know, Vilsack is using it as a
Speaker 2: go to under mechanism. That's why some of us call
Speaker 2: it the A. T. M. Machine at U. S. D. A.
Speaker 2: Uh So yeah I think this is gonna be a
Speaker 2: major debate in the upcoming farm bill and it should
Speaker 2: be chip interesting there's some linkages here. Chip he Vilsack
Speaker 2: has said no don't worry. There's there's enough funding left
Speaker 2: in the sea Sea sea
Speaker 2: for its traditional purposes, you know, farm program payments etcetera.
Speaker 2: Now if my sources are correct, there's about $3 billion.
Speaker 2: Uh That is left from the uh E. R. P.
Speaker 2: The emergency relief program. So I don't know whether he's
Speaker 2: tapping into that are are not. Uh and that's also
Speaker 2: If it's not that may limit the amount of funding
Speaker 2: UDADA really thinks that they need for uh 2022 crops
Speaker 2: and livestock disaster. It all this is tied into this chip.
Speaker 2: But bottom line again, this is such a funding mechanism
Speaker 2: that it needs the light of fresh air and a
Speaker 2: look into by the farm bill participants.
Speaker 1: Right. Right. Yes. Total agreement. Total agreement. Okay.
Speaker 1: Uh regarding E. P. A. And the reset the RFs
Speaker 1: reset
Speaker 1: any first things first? E. P. A. Administrator Regan is
Speaker 1: saying a lot of what we like to hear as
Speaker 1: biofuel proponents supporters.
Speaker 1: Um I just don't know the timing on when the
Speaker 1: announcements are coming. Any idea?
Speaker 2: Well in November as far as 2023 they do have
Speaker 2: a special I wanna say November 16 but that's after
Speaker 2: the election
Speaker 2: now. I'm not saying there's any any any foolery going on,
Speaker 2: but I will feel more confident for E. P. A.
Speaker 2: Administrator Michael Regan to say the same thing after the
Speaker 2: election that he's been seeing before. Just trust and verify
Speaker 1: that. Okay,
Speaker 1: Let's go to a couple of things that happened over
Speaker 1: the weekend and president Biden was on 60 minutes. I'm
Speaker 1: not I think the interview was conducted on Tuesday of
Speaker 1: last
Speaker 2: week. I
Speaker 1: believe it was uh
Speaker 1: he had a couple of missteps again in what he
Speaker 1: said jim and and basically he said that that the U. S.
Speaker 1: Will defend Taiwan
Speaker 1: with troops
Speaker 1: if it if Taiwan is attacked by china.
Speaker 2: Yeah and you text me on the phone when he
Speaker 2: said that and I go oh just wait. They'll clarify
Speaker 2: clarify now, this is what I would add Jeff this
Speaker 2: is at least the fourth time has done this. I'm
Speaker 2: sorry once or twice maybe but not four times. So
Speaker 2: this is by design by design. I don't think it's
Speaker 2: the right thing to do but uh
Speaker 2: it is what it is.
Speaker 1: It just seems so strange to be sending messages to
Speaker 1: chinese president xi Jinping the way that that he has
Speaker 1: decided to do it it just uh it blows me away.
Speaker 2: We got a question from carol is there truly leftover
Speaker 2: money from E. L. R. P. And E. L. P.
Speaker 2: The E. L. R. P. Is the livestock portion Phase
Speaker 2: one only paid out 75% and phase two hasn't begun
Speaker 2: on E. R. P. Uh That is a fair question
Speaker 2: and I'm trying to find that out. All I know
Speaker 2: is that they have three billion outstanding for the
Speaker 2: uh you know for those programs. So but I don't
Speaker 2: know the total remaining beyond that. Okay
Speaker 2: we'll try to find that out.
Speaker 1: Very good, very good. Uh so they're in this in
Speaker 1: the 60 minutes interview there was that faux pas and
Speaker 1: then when he was talking about uh you know he
Speaker 1: said that they have reduced the debt, not that they've
Speaker 1: reduced the deficit
Speaker 1: and even to claim that they've reduced the deficit is
Speaker 1: a bit disingenuous because of it was would be reduced from,
Speaker 1: you know, an inflated level because of Covid if you
Speaker 1: can't cut it from that, we've got bigger problems going forward.
Speaker 1: Um it just and jim the thing that bothers me,
Speaker 1: I think the most about it
Speaker 1: is I know that there were people sitting around watching
Speaker 1: this going, oh, isn't he? Wonderful. Look at what's happening
Speaker 1: here and it's just the level of deception and misleading
Speaker 1: comments that were made in that interview is startling.
Speaker 2: It's a narrative and they're gonna he will,
Speaker 1: it's
Speaker 2: an election Year and it's worked. They usually tell you
Speaker 2: what they're gonna do and he did during the Presidential campaign,
Speaker 2: All Street Journal has an editorial, so it's an editorial,
Speaker 2: but they're saying, look what the democrats are telling you,
Speaker 2: they will do
Speaker 2: if they win both. If they continue to control both chambers,
Speaker 2: they will get rid of the filibuster for sure. Okay,
Speaker 2: if they get uh additional seats in the Senate to
Speaker 2: offset sometimes centrist joe Manchin, who I like to say now,
Speaker 2: sometimes centrist
Speaker 2: and I
Speaker 1: thought it was a typo when I read your comments
Speaker 1: this morning
Speaker 2: will always interest I will hyphenated. Yes, it should be hyphenated,
Speaker 2: but you get my drift democrats in the White House
Speaker 2: are sickling clearly what they want to do and it
Speaker 2: won't be good for crude oil, you know uh it
Speaker 2: won't be good for some other initiatives and they'll spend
Speaker 2: like a you think their spend happy now. So that's
Speaker 2: what the kind of the editorial is saying just so
Speaker 2: you know,
Speaker 1: yeah, you said it would be good for crude oil.
Speaker 1: Is that because they are?
Speaker 2: Well, yeah, they'll continue, you know, there were eight democrats
Speaker 2: last week who sent a letter to biden saying we
Speaker 2: want more. Uh no, they'll just continue to
Speaker 1: attack.
Speaker 2: They are permitting, they'll they'll make sure that their early
Speaker 2: agenda in his first term was to de de emphasize
Speaker 2: in a dramatic way the crude oil production.
Speaker 1: Right, okay.
Speaker 1: Um House speaker nancy Pelosi was out and about again
Speaker 1: over the weekend this time.
Speaker 1: She was took a delegation to Armenia, is that right?
Speaker 2: Yes, the highest level official ever there.
Speaker 2: Uh so she's going for the history books?
Speaker 1: Yeah, yeah. Uh I'm not sure what the goal was
Speaker 1: on this trip. I mean when she went to Taiwan
Speaker 1: and other in Southeast Asia, you knew what the goal
Speaker 1: was there with this. I'm not exactly, I'm not up
Speaker 1: on it.
Speaker 2: Well to pointing fingers at the operation or the lack
Speaker 2: of in their country. So that's kind of why she's
Speaker 2: taking the high ground.
Speaker 1: Okay.
Speaker 1: Uh anything to make of the uh any updates on
Speaker 1: on the Russia's invasion of Ukraine
Speaker 2: yes a lot now you had a couple of countries
Speaker 2: last week, you know, you had Putin meet eyeball to
Speaker 2: eyeball with China's leader xi Jinping
Speaker 2: and I think I said on agritalk friday that it's
Speaker 2: clear now that Putin is the junior partner in their
Speaker 2: best friends forever. Uh because China is starting finally to
Speaker 2: ask some questions and they don't like what is happening in,
Speaker 2: in the situation. India has also raised concerns and Putin
Speaker 2: actually addressed them chips. So you can see the pressure he's,
Speaker 2: he's facing
Speaker 2: and uh and the european union now is going after
Speaker 2: one of its members Turkey and making, I mean, charging
Speaker 2: them billions of dollars to make them come around to
Speaker 2: a more stated position, even position on the war in
Speaker 2: Ukraine ship. So we had a lot of developments now,
Speaker 2: Ukraine continues to recapture ground that Russia uh, you know,
Speaker 2: controlled initially.
Speaker 2: Uh now there's gonna be a lull. But Ukraine's president said,
Speaker 2: don't don't misread that they're they're, you know, regrouping. He
Speaker 2: asked for more powerful weapons from biden. But biden is
Speaker 2: hesitating because I guess of a pledge that he made
Speaker 2: to Putin that it won't be as a certain category,
Speaker 2: that could considerably go into Russia chips. So yeah, we
Speaker 2: have a lot of developments grain continues to come out
Speaker 2: of Ukraine, not in a, in a, in a big fashion,
Speaker 2: but but it is continuing
Speaker 1: okay, very good. Adam jumped into the conversation on Armenia
Speaker 1: and said that Armenia's was a sponsored state of Russia
Speaker 1: and Russia is perceived as incredibly weak right now. Us
Speaker 1: is stepping up to provide counterbalance to china.
Speaker 1: Like that's
Speaker 2: like just agree that, you know, you, I've said before
Speaker 2: a chip on Agritalk, especially this is a proxy
Speaker 1: war. Yeah,
Speaker 2: this is a proxy war with, you know, with Russia.
Speaker 2: And uh, yes, this shows you if we continue, if
Speaker 2: we just don't cut and run, uh, that we do
Speaker 2: need to have a balance to china.
Speaker 1: Okay, let's take a look at the week ahead here. Um,
Speaker 1: I'm I'm jumping to Wednesday when we get the announcement
Speaker 1: from the Federal Reserve on what they're doing with interest
Speaker 1: rates jim that's that's close to the top of the list.
Speaker 1: If not right at the top.
Speaker 2: Yeah, but but they're easily going to increase 75 basis points.
Speaker 2: Jim Wild card would be 100 basis points, but it's unlikely.
Speaker 2: But it's what happens at the beginning of Fed Chairman
Speaker 2: Jerome jay Powell's presser,
Speaker 2: uh, that begins at 1 15 central time. What remarks
Speaker 2: will he make for additional increases yet this year? And
Speaker 2: will he say anything about when they just stop increasing,
Speaker 2: You know, so it's it's his comments now that that
Speaker 2: that the traders and the industry will really focus
Speaker 1: on, well, the last
Speaker 1: opportunity for Powell to make any comments was following Jackson
Speaker 1: hole and he came out decidedly more hawkish than what
Speaker 1: the marketplace expected him to be. So I would expect that,
Speaker 1: that he's going to continue that, that that attitude going
Speaker 1: into the meeting and in his presser following the meeting.
Speaker 2: Oh, here's where it could get ugly chip. If you're historic.
Speaker 2: We've never had
Speaker 2: a time frame in which the eventual Fed funds rate
Speaker 2: when they started increasing, uh, was below what was not
Speaker 2: below
Speaker 2: The rate of inflation. In other words, we're going to
Speaker 2: go close to 5% the Fed funds rate and we've
Speaker 2: got a ways to go and uh, that's key. And
Speaker 2: also
Speaker 1: it's
Speaker 2: gonna be ugly. I mean I have my watch, a
Speaker 2: series of people who over the years have been very
Speaker 2: good on the U. S. And world economy and some
Speaker 2: of the most upbeat ones are really getting negative right.
Speaker 2: Not the ones that usually show up on MSNBC and
Speaker 2: Fox business. You know, they, they, they pull all the
Speaker 2: bad news bears when, when they need it for that day.
Speaker 2: But look at the inflation, the White House emphasizes the
Speaker 2: rather dramatic downturn in gasoline prices. I acknowledge that, but
Speaker 2: look at your electricity cost and also the food cost of,
Speaker 2: you know, a lot about, they're going to continue to
Speaker 2: go up in certain categories chip. So, and think about
Speaker 2: the crude oil. Uh, I mean the oil use in
Speaker 2: New England in the winter here. You're going to see
Speaker 2: so much pain. Uh, we're not well out of the,
Speaker 2: not out of the woods
Speaker 1: yet. And
Speaker 1: I can't, uh, I can't stress enough what, what we're
Speaker 1: doing in the country by allowing our stocks to be
Speaker 1: as low as they are at this time of the year. Uh, we,
Speaker 1: it's a global market. I get that the highest price
Speaker 1: being paid was in europe as they were rebuilding their stocks.
Speaker 1: I am not suggesting, I am not suggesting that we
Speaker 1: put on any kind of export cap, but I am
Speaker 1: suggesting that the market needs to wake up and put
Speaker 1: some incentives in place to keep those, those distilled stocks
Speaker 1: here and build up stocks now. Uh, what happens if
Speaker 1: we get a couple of storms?
Speaker 1: Oh my goodness gracious. We're gonna see diesel prices just,
Speaker 1: yeah,
Speaker 1: it scares me
Speaker 2: and I never did come down to any considerable degree. No,
Speaker 1: that's right. That's right. Okay. We gotta get,
Speaker 1: We gotta get a continuing resolution done to keep the
Speaker 1: government running after October one. What's going to be the
Speaker 1: progress on that as
Speaker 2: well? They're discussing and discussing as they usually do. The
Speaker 2: key is what to add on to the number one,
Speaker 2: there won't be a shut down the government. Number two. Uh,
Speaker 2: they'll punt the ball. It'll be just a stopgap spending
Speaker 2: measure going into the middle of december. That's called a
Speaker 2: lame duck post election.
Speaker 2: You know, session of Congress where they'll have a, a
Speaker 2: major omnibus spending bill of which the ag disaster will
Speaker 2: be part of the total amount to be determined. So,
Speaker 2: but they're gonna cuss and discuss this week. The key
Speaker 2: chip is which, what additional
Speaker 2: uh topics will be added onto it? Because if they're
Speaker 2: sensitive at all, it won't make it. Now. Let's connect
Speaker 2: some dots here
Speaker 1: again,
Speaker 2: uh, Biden told scott Pelley on 60 minutes that covid
Speaker 2: is basically over. Although we still have work to do,
Speaker 2: what does that mean to the $22 billion the White
Speaker 2: House wants for additional covid aid,
Speaker 2: That means they will get zero are very little because
Speaker 2: you've got the president saying, well, it's really over now.
Speaker 2: So, uh, that's how you got to read some comments
Speaker 2: on that. But again, we're eventually gonna get a cr,
Speaker 2: you know, congress, they'll go down very end. There'll be
Speaker 2: grandstanding plays from lawmakers on both sides of the, of
Speaker 2: the aisle. So, but it's coming
Speaker 1: okay. Uh, Senator Markey from massachusetts says that he opposes
Speaker 1: attaching
Speaker 1: the environmental streamlining provisions to the cr what are the
Speaker 1: environmental streamlining provisions
Speaker 2: permitting, and you're gonna need. And uh, chuck schumer, the
Speaker 2: majority leader in the Senate democrat new york knows that
Speaker 2: he's going to need more than a few republicans to
Speaker 2: get that thing done.
Speaker 2: Good luck even though the vast majority republicans weren't permitting,
Speaker 2: but maybe not as that vehicle chip.
Speaker 1: Um, you already mentioned that the egg disaster is going
Speaker 1: to be in there. What
Speaker 2: are disaster will be in the continuing resolution?
Speaker 1: Okay, So staying with the cr uh,
Speaker 1: for the Food and Drug administration user fees?
Speaker 2: Yeah.
Speaker 1: What are these? It just sounds like another tax.
Speaker 2: Well, it is, and I think there must be one
Speaker 2: now because I think it expires at the end of december,
Speaker 2: so I cannot see
Speaker 2: republicans wanting to go along user fees as a tax
Speaker 2: to republicans. So that one will will will have to monitor.
Speaker 2: You always get a surprise in some of the crs
Speaker 2: and omnibus spending bill. So uh one can't rule out
Speaker 2: anything at this
Speaker 1: time. Okay. What, what you've got to mention of school
Speaker 1: meals
Speaker 1: as something that might be attached to the to the C. R.
Speaker 1: What is that about?
Speaker 2: Always funding for more funding and also they want to
Speaker 2: make it universal again, I remember when this goes back
Speaker 2: a long time, you probably weren't under this. I remember
Speaker 2: everybody when we went to grade school, we got a
Speaker 2: school lunch free
Speaker 2: and only later did it come in where you had
Speaker 2: to pay for it if you were at a certain
Speaker 2: income category?
Speaker 1: Yeah, I'm gonna
Speaker 2: make it universal.
Speaker 1: Yeah. We had the punch, we had the punch cards,
Speaker 1: you know, and I,
Speaker 1: good grief, what I think it was, I don't want
Speaker 1: to say how much it was because I know it
Speaker 1: won't be right, but it was
Speaker 1: It was pretty dark. 30
Speaker 2: five cents. Yeah,
Speaker 1: I remember that was in my mind. Yeah. So um
Speaker 2: now that won't even get you a Twinkie.
Speaker 1: Okay, so besides temporarily funding the government uh, Steny Hoyer
Speaker 1: says that there are some other things that they want
Speaker 1: to get done policing and public safety restricting members from
Speaker 1: trading stocks and data privacy.
Speaker 1: Those are three really big issues that Heuer wants to
Speaker 1: see addressed.
Speaker 2: Yes. And Pelosi has also said because she's with her
Speaker 2: husband and their stock buying, she said that it will
Speaker 2: be done on the stock element. So all eyes are
Speaker 2: her on her, on that one and the other two
Speaker 2: are much needed. So let's, you know, let's hope that's
Speaker 2: the
Speaker 1: case.
Speaker 2: Although they don't have many days left in the house.
Speaker 2: I think I wrote about seven
Speaker 1: and they might, and then there's, and then there's two
Speaker 1: weeks for the Senate
Speaker 1: in october that might be cut back to an abbreviated
Speaker 1: a lot of time.
Speaker 2: So, you know, Congress works one of both ways very slow,
Speaker 2: usually very fast in the crisis. We're getting into the
Speaker 2: crisis stage.
Speaker 1: Right, okay. What is the vote on an update of
Speaker 1: the electoral count act?
Speaker 2: Well, that's the one where there's trying to get a compromise, uh,
Speaker 2: to make sure what happened during the last presidential election. Uh,
Speaker 2: you know, doesn't happen again, to make clear
Speaker 2: what happens in the procedure to where it can't happen again.
Speaker 2: And I there's bipartisan support for that. There is on
Speaker 2: the language again, I know Susan Collins, uh, centrist Republican
Speaker 2: from maine has been working on it in good faith. So, uh,
Speaker 2: I think it's needed
Speaker 2: and two. I I think it just well well may
Speaker 2: it may happen but again you have grand standards uh
Speaker 2: on on this issue so it could be pulled back
Speaker 2: at the last second.
Speaker 1: Okay. I just found the schedule here. House members have
Speaker 1: only seven legislative days left on their schedule. Senate is
Speaker 1: scheduled to come back for two weeks mid october but
Speaker 1: it looks like that is going to be canceled. They
Speaker 1: stay burnout. May ask that Senate comes back to yeah,
Speaker 1: to work through some of the judicial nominees that are
Speaker 1: out there. And speaking of nominees, Alexis, Taylor
Speaker 1: is looking at a nomination for undersecretary for trade and
Speaker 1: Foreign ag affairs. That is the position that we've been
Speaker 1: watching for to get built for two years.
Speaker 2: Yes. Good person. Why bipartisan support. You just wonder why
Speaker 2: it didn't happen before but it's coming so and they
Speaker 2: need help
Speaker 1: clean water at
Speaker 1: hearing on tomorrow. That one caught my attention. It's the
Speaker 1: Clean Water Act at 50 highlights and lessons learned from
Speaker 1: a half century of transformative legislation
Speaker 2: to be interesting for the transcript
Speaker 1: and a right to repair hearing is being held on
Speaker 1: Wednesday morning legislative and budgetary solutions to unfair restrictions on repairs,
Speaker 2: sensitive issues. As you know from, from calls coming into agritalk.
Speaker 2: I'm telling you that's a third rail issue amongst some
Speaker 2: farmers and you know interestingly so I know we're running
Speaker 2: right at the time. I see a comparison between
Speaker 2: between the lack of available electric vehicles. Now they're hot
Speaker 2: right now you can't get them, you can't get them to.
Speaker 2: More than a few farmers have emailed me saying there,
Speaker 2: they have waited well over a year for their new
Speaker 2: farm equipment, so.
Speaker 2: Right, exactly.
Speaker 1: Okay. Jim. As you mentioned, we are out of time
Speaker 1: so we're gonna continue on today on Agri Talk this
Speaker 1: morning machinery. Pete, we can talk about the right to
Speaker 1: repair their with with Greg Peterson and Brooke. Miller brook
Speaker 1: is the president of the U. S. Cattleman's Association. Uh
Speaker 1: President biden signed a biotech uh executive order at the
Speaker 1: start of last week.
Speaker 1: The U. S. Cattleman's association is a little concerned about
Speaker 1: some of their some of the issues in there. And dan,
Speaker 1: bossy from resource company is going to be my guest
Speaker 1: this afternoon. So we'll get a good update on what's
Speaker 1: going on in Russia and Ukraine they're from
Speaker 2: and ask, ask my good friend Dan about Pakistan's wheat
Speaker 2: production
Speaker 2: and what it means. Chip you you know how to
Speaker 2: ask questions, He's been watching that, I've been told so
Speaker 2: and and I totally respect his analysis.
Speaker 1: Right, right, excellent, have a great week. Everybody keep watching
Speaker 1: for those signals