Klobuchar to roll out policy priorities for farmers in Iowa

Klobuchar to roll out policy priorities for farmers in Iowa
© Greg Nash

Sen. Amy KlobucharAmy Jean KlobucharPelosi: Congress will receive election security briefing in July 2020 Dems say they will visit Homestead facility holding migrant children The Hill's 12:30 Report: Anticipation high ahead of first debate MORE (D-Minn.) will roll out a plan Saturday that would allow more farmers to seek financial relief through a special bankruptcy code for family farms amid falling commodity prices.

Klobuchar is scheduled to outline the proposal during a Saturday campaign swing through Iowa City.

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The proposal has several components. It would increase the number of farmers able to file for bankruptcy under Chapter 12, which helps family farms restructure their finances and avoid foreclosure, and calls for raising the current cap on farm loans.

It would also crack down on the Environmental Protection Agency’s issuance of Renewable Fuel Standard waivers that exempt some oil refineries from U.S. laws requiring them blend biofuels, like ethanol, into their fuel. Farmers argue that the waivers hurt their investment in ethanol production.

More than half of Iowa’s corn crop is used for ethanol production, according to the Iowa Corn Growers Association.

Farm income has dropped in recent years after hitting a high point in 2013. At the same time, trade disputes have caused exports of crops like soybeans to drop, which has lead to a surplus that has dragged prices down.

Klobuchar’s agriculture agenda could help her gain momentum in Iowa, the site of the crucial first-in-the-nation presidential caucus and the second-highest agricultural producing state in the country after California.

Klobuchar is among a handful of Democratic presidential hopefuls banking on a strong performance in the Iowa caucuses next year to buoy her bid.

An Iowa Starting Line/Change Research poll released this week showed Klobuchar tied with former tech executive Andrew YangAndrew YangWhere 2020 Democrats stand in betting markets ahead of first debate Yang to give ,000 a month to Twitter user on Colbert Rules for first Democratic primary debates announced MORE for seventh place among likely Democratic caucus goers in the state with 2 percent support.