Current Week

2 Big Bills

August 4, 2022

August 4, 2022

Hello, everybody out there in farm country.  This radio commentary is brought to you by the National Corn Growers Association, CropLife America, and Renewable Fuels Association.  They are all friends, supporters, and allies of a healthy farm economy and prosperous rural America.  Thank you.

And now today’s commentary-

We are still living with inflation. Energy prices may be down a little, but still very high. The food that we love costs much more. Ground beef surged up 11% from last year. The cost of bacon jumped 9.3%. Chicken breast is up almost 24%. From the farm and ranch perspective our prices needed to go up. Our costs for raising the crops that feed our animals continue to hit new peaks.

I don’t think we can escape this inflation any time soon. We have legislative issues on the agenda now that could shake everything up. 17 Republicans helped the Dems pass a $280 billion subsidy for the semiconductor industry. This was in President Biden’s Build Back Better legislation. Most of us thought it was never going to see the light of day. I know we would like to produce more semiconductor production. We don’t like depending on China as much.

The President wants to spend even more money. Democratic Senator Joe Manchin had been holding that back. But he surprised everyone by signing on to support a huge new bill. The tax part of the bill is supposed to raise $739 billion. Here is what they say it will do.

1.     Impose a 15% corporate minimum tax

2.     Allow Medicare to negotiate prescription drug prices

Of the new revenue, $369 billion will be spent on climate and energy programs. It does include tax credits if you buy electric vehicles and $64 billion for extended health care. The bill does invest $40 billion in agriculture, forestry, and rural communities. Half of that $40 billion will be spent to encourage green farming practices – cover crops, carbon sequestration etc. $14 billion will be spent on rural electric coops and renewable energy. It is clear that agriculture and rural America are getting enough money out of this package to attract some support. If the bill would really deliver a $300 billion deficit reduction, that would be wonderful.

Here is what I think. Big spending in the already passed bill will just pour fuel on the inflation fire. The second bill which may or may not become law is very different. I’m not against taxing some of the biggest corporations that seem to always find a loophole to avoid taxes. Also, I have always felt it has been unfair that other countries can have cheaper prescription drugs than we have. That is because their governments negotiate with the drug companies. We don’t do that. A $739 billion bill is a lot of money. It will be very difficult to get it passed. Republican members of Congress are fighting it. I like the fact that we can raise some money to deal with our deficit. But I hate to be spending so much. The name of the bill has a good sound – “Inflation Reduction Act.”

 If you would like to review my radio shows going back more than 20 years, just go online to www.johnblockreports.com.

Previous Weeks

Forest Lands

July 27 2022

Hello, everybody out there in farm country. This radio commentary is brought to you by the National Corn Growers Association, CropLife America, and Renewable Fuels Association. They are all friends, supporters, and allies of a healthy farm economy and prosperous rural America. Thank you.

And now today’s commentary-

We always put a high priority on our crop land – corn, beans, wheat and vegetables. Let’s spend
some time focusing on our forest land today. We all know that we need lumber from our…

Read More/Listen

Issues

July 21 2022

Hello, everybody out there in farm country. This radio commentary is brought to you by the National Corn Growers Association, CropLife America, and Renewable Fuels Association. They are all friends, supporters, and allies of a healthy farm economy and prosperous rural America. Thank you.

And now today’s commentary-

We expected another big increase in the cost of fertilizer to feed our crops. The U.S. International Trade Commission voted to approve new increased duties on imports of ammonium…

Read More/Listen

Food Supply

July 14 2022

Hello, everybody out there in farm country. This radio commentary is brought to you by the National Corn Growers Association, CropLife America, and Renewable Fuels Association. They are all friends, supporters, and allies of a healthy farm economy and prosperous rural America. Thank you.

And now today’s commentary-

This week like almost every other week we have a host of difficult challenges facing us. Countries all over the world are experiencing an explosion in food costs. There is hunger…

Read More/Listen

Independence Day

July 7 2022

Hello, everybody out there in farm country. This radio commentary is brought to you by the National Corn Growers Association, CropLife America, and Renewable Fuels Association. They are all friends, supporters, and allies of a healthy farm economy and prosperous rural America. Thank you.

And now today’s commentary-

This week we celebrated the birth of our nation on July 4 th . 246 years ago, our founders wrote the
Constitution that set the guideposts for us to live by. Our people are not…

Read More/Listen

Challenges

June 30 2022

Hello, everybody out there in farm country. This radio commentary is brought to you by the
National Corn Growers Association, CropLife America, and Renewable Fuels Association.
They are all friends, supporters, and allies of a healthy farm economy and prosperous rural
America. Thank you.

And now today’s commentary-

The corn and soybeans on my farm are growing tall and beautiful. And also important to note,
without weeds. Today we use, and have for years, Roundup weed killer, a Bayer Ag…



Read More/Listen

Fathers

June 23 2022

Hello, everybody out there in farm country.  This radio commentary is brought to you by the National Corn Growers Association, CropLife America, and Renewable Fuels Association.  They are all friends, supporters, and allies of a healthy farm economy and prosperous rural America.  Thank you.

And now today’s commentary-

Sunday this week was Father’s Day. I am not sure that the fathers of our children are given the appreciation and respect that they deserve. Of course, I am talking…

Read More/Listen

Change

June 16 2022

Hello, everybody out there in farm country. This radio commentary is brought to you by the
National Corn Growers Association, CropLife America, and Renewable Fuels Association.
They are all friends, supporters, and allies of a healthy farm economy and prosperous rural
America. Thank you.

And now today’s commentary-

On Monday this week I opened my Wall Street Journal and a big story in the Business Section caught my attention. The headline read “Smithfield to Shut Plant in California.” Smithfield is…



Read More/Listen

Down on the Farm

June 9 2022

Hello, everybody out there in farm country. This radio commentary is brought to you by the National Corn Growers Association, CropLife America, and Renewable Fuels Association. They are all friends, supporters, and allies of a healthy farm economy and prosperous rural America. Thank you.

And now today’s commentary-

I am calling in this radio commentary from my farm in Illinois. It is exciting to be here on the ground, walking the corn field. This crop is knee high. When I grew up on the farm,…

Read More/Listen

Tough Times

June 2 2022

Hello, everybody out there in farm country. This radio commentary is brought to you by the
National Corn Growers Association, CropLife America, and Renewable Fuels Association.
They are all friends, supporters, and allies of a healthy farm economy and prosperous rural
America. Thank you.

And now today’s commentary-

Just last Monday we celebrated Memorial Day honoring our fighting men and women that have
given their lives to protect our country and keep us safe. Then the deadly school shooting…




Read More/Listen

Trade

May 26 2022

Hello, everybody out there in farm country. This radio commentary is brought to you by the National Corn Growers Association, CropLife America, and Renewable Fuels Association. They are all friends, supporters, and allies of a healthy farm economy and prosperous rural America. Thank you.

And now today’s commentary-

U.S. farmers have had their foot on the accelerator pushing to get the crops in the ground. Wet and cold weather was a problem for a while, but we are approaching the finish…

Read More/Listen

Page 1 of 122 pages  1 2 3 >  Last ›