The Build Back Better plan has been approved by the House and will be taken up by the Senate after the Thanksgiving break. South Dakota Senator John Thune says he opposes the bill because he’s concerned about the additional inflation it will create to drive up production costs for farmers.
The bill includes more than $87 billion in total agricultural spending over the next ten years. That includes $28 billion for conservation programs, $18 billion for rural development, $12 billion for farm debt relief and $2 billion for ag research. Thune says this could negatively affect spending on the next farm bill.
He says the lack of bipartisanship on Build Back Better may also set the tone for farm bill debate.
The Senate is expected to consider the bill when they come back in session.