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Ag industry welcomes Biden's infrastructure plan


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$2 trillion American Jobs Plan looks to invest in rural bridges, improve waterways and expand rural broadband access.
President Joe Biden proposed on Wednesday his next major initiative – the American Jobs Plan – which would invest $2 trillion, about 1% of GDP per year over eight years, to upgrade the nation’s infrastructure, revitalize manufacturing, invest in basic research and science and shore up supply chains. He pays for the investments by increasing the corporate tax rate to 28% but promised not to raise taxes on those who make less than $400,000.
“It is clear in the American Jobs Plan that USDA is central to the President’s strategy to build a strong economy for working people, restore the safety and integrity of our nation’s infrastructure from broadband to water to power and electricity, and to renew America’s leadership in science, research and development to give us the tools to make and ....

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Congress approves water resources bill


Ag interests received welcomed news with the passage of the Water Resources Development Act of 2020, which was included in the year-end funding bill. The nation’s inland waterways system is critical to the U.S. agriculture industry and economy overall, and this legislation promises to modernize and rehabilitate the system, while helping to significantly reduce the backlog of authorized projects.
Bobby Frederick, National Grain and Feed Association’s vice president of legislative affairs and public policy says, “Since 2014, each Congress has passed a WRDA into law, and NGFA has viewed each bill as an opportunity to enhance U.S. inland waterways and port infrastructure. WRDA 2020 ensures continued investment in U.S. waterways infrastructure, helps bring U.S. waterways infrastructure into the 21st century and will help maintain American agriculture’s competitive transportation advantage against other countries.” ....

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