New coalition Ag Investment for America aims to protect U.S. supply chain and support American agricultural producers
Policy proposal backed by new study would benefit U.S. farmers, manufacturers, and rural communities
WASHINGTON, D.C. – The Ag Investment for America coalition launched today to push for policies that boost demand for American crops. The new coalition is made up of leading domestic growers and manufacturers, including the National Association of Wheat Growers, National Council of Farmer Cooperatives, USA Rice, the Catfish Farmers of America, National Association of Manufacturers, American Malting Barley Association and FMI, the Food Industry Association.
Ag Investment for America members are joining together to incentivize domestic investment in American-made products manufactured with American-grown crops. The coalition will work with Congress to pass a tax credit that will support farm country and rural communities, strengthen the U.S. economy, and support strong domestic food supply chains.
Research Assistant Professor and Co-Director of the Agricultural and Food Policy Center at Texas A&M University, Dr. Bart Fischer, evaluated a Domestic Agricultural Tax Credit concept in a recently released report. Click here to view the study.
"Our research shows that Ag Investment for America’s goal of a tax credit incentivizing American food and beverage manufacturers to purchase domestic crops would have far reaching impacts on the U.S. economy,” said Dr. Fischer. “Enacting this policy would boost demand for U.S. crops, support American farmers, and help stabilize supply chains.”
Ultimately, the tax credit will lead to more jobs in rural America, stronger domestic demand for U.S. producers, and more incentives for businesses to support American-made products.