Op-Ed
The American economy is powered by small businesses. According to the U.S. Small Business Administration (SBA), there are over 33 million small businesses nationwide that employ more than 61 million Americans – accounting for nearly 46% of all U.S. employees and more than 43% of our nation’s Gross Domestic Product (GDP).
Over the last few years, the agriculture economy has taken a turn for the worse. Commodity prices have fallen below producers’ break-even points, our agricultural trade deficit has eclipsed $43 billion, farm debt stands at a record $540 billion, and inflation combined with high interest rates continue to squeeze profit margins.
There are many reasons to pass the Farm Bill this year. Prices for corn, soybeans, and other commodities have fallen well below producers’ break-even point, over 100 million birds – including turkeys, broilers, and layers – have been infected by bird flu since 2022, and net farm income is estimated to fall by $10.2 billion this year alone.
The other week, I spoke at the ribbon cutting ceremony for the new Veterans Affairs Community-Based Outpatient Clinic (CBOC) in Marshalltown on my 36 County Tour. I had the opportunity to tour this incredible facility and speak with members of the community who assisted in making this project possible.
In a major blow to Iowa farmers and biofuel producers, the Environmental Protection Agency (EPA) recently announced that it expects to finalize biofuel blending volumes for 2026, 2027, and 2028 at the end of 2025 – more than a year after federal law requires.
Our rural communities depend on volunteer firefighters to respond to emergencies, help staff local fire departments, and keep our families safe. These men and women dedicate their time to public safety and put their lives on the line to save others.
When severe storms strike or deadly animal disease spreads, cattle producers in Iowa and nationwide need a safety net that they can depend on. During economic downturns, our farmers deserve a fair price for their deceased livestock.
Agriculture is the backbone of our economy in Iowa. This vital industry supports over 810,000 jobs, creates more than $50 billion in total wages, and generates more than $250 billion in economic output – just in Iowa alone.
The recent floods that devastated our communities have once again tested our resilience. As I've traveled through towns like Spencer, Rock Valley, Rock Rapids, Cherokee, Sioux Rapids, and Hawarden – witnessing firsthand the destruction of homes, businesses, and crops – I've been struck by the unwavering unity and determination among our neighbors.