Chairman Thompson Opening Statement at "Examining the Economic Crisis in Farm Country"
WASHINGTON, DC — Today, House Committee on Agriculture Chairman Glenn “GT” Thompson (PA-15) delivered the following opening statement at today's full committee hearing titled “Examining the Economic Crisis in Farm Country”: Remarks as prepared for delivery: Ladies and gentlemen welcome to the first hearing of the 119th Congress for the House Committee on Agriculture, Examining the Economic Crisis in Farm Country. And a crisis is exactly what hundreds of thousands of farm families are facing as we speak. Across the board, commodity prices have fallen precipitously while input costs remain at or near record-high levels. For some commodities, returns have been in the red for several years. Producers are burning their hard-earned equity and being forced to have incredibly tough conversations with their lenders to just figure out how to hold on for one more year. Unfortunately for some, there won’t be one more year. In fact, the Agriculture and Food
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