Politics may not have a large impact on your fuel bill, but the ag sector is closely watching what happens on Election Day.
Commodity brokers say whoever the next president is will have a big task ahead for ag trade.
“We started out the year with very good pork demand and that’s it, kind of weaned off a little bit there for a while to come back a little bit. But the last couple of weeks haven’t been so good. Beef demand just kind of plots along pretty well, but overall domestic usage has been very good for bulbs to go here. Now that could change. Obviously you could see something happen after this election. That’s the, you know, the big wild card over the next week, in the next couple of months, as we prepare for a brand new president, regardless of which side wins,” said Greg McBride.
The ag industry is also eager for work to continue on the Farm Bill. Lawmakers have been back in their home districts but plan to return right after the election. Most believe another extension of the 2018 Farm Bill will be necessary, but some still think a new five-year Farm Bill can cross the finish line before the year is up.
