War on Farming Under Biden Administration Means a Higher Grocery Bill for You!

you know you've got a great report it encapsulates a lot of things that we talk about here in the economic War Room higher food prices World economic Forum control you know the whole eat less meat and more bugs and then the farmers revolting in Europe so it's a powerful study um I got a preview of this report at a recent conference we want to take a bad good beautiful approach so we' talked about the problem then just like your report you talk about some solutions and then we'd love to talk about the be beautiful future that we can have together if we follow the good recommendations and restore Liberty to America so let's start with a problem what caused Buckeye Institute to pick up uh this paper on Net Zero climate control and the farm well you know everybody pictures Ohio as a manufacturing state but like many states we have a robust agricultural sector and we've looked at the policies that have come down from the Biden Administration and we realize this is going to impact a lot of our fellow Ohioans and fellow Americans in places you don't expect and that's at the family dinner table quite simply day one his first day of office President Biden rejoined the Paris climate Accords which forced his administration to start proposing a swath of new regulations that would hammer the agricultural sector by making every aspect of farming more expensive and that's because Farmers rely on cheap affordable Energy natural gas from everything thing from powering their tractors to making fertilizer and when you make all farm costs more expensive well that means Americans are going to be paying more for food at their table if they can get the food because a lot of farmers if you make it too expensive they just go out of business they don't want to continue so I've got here a farm operating expenses under ESG we talk about ESG all the time it stands for environment social governance but it really is a progressive grab bag of things uh ideas that they've had that they want want to force on the American people that the market wouldn't otherwise accept uh can you quantify you're a data guy quantify for us the difference in operating cost from what they are today to what they will be under ESG yeah what the top line is the average farm six 750 acres of corn farm will be paying about over a third more in operating cost each year because they're being forced to buy by these policies that's 65 $5,000 to farms and the cost increased costs come from the fact that fertilizer is going to be costing about 29% more uh because a lot of that will be banned from the fact that natural gas can no longer be used to reduce fertilizer we know for example that you know Farmers have to use propane you know to dry out grain crops so they can get to the table so the farming industry you know not everybody can Farm you know it's a very technical it's very complicated and unfortunately a a lot of the methods that modern farmers use to produce the crops that we enjoy are going to be either more expensive if not outright banned under a lot of these regulations that are going to happen under ESG and Net Zero policies you know I I've seen the studies uh free market capitalism brought down poverty to the lowest level it's ever been in history well it uses energy to accomplish that and essentially these ESG policies are eliminating energy you know so you can't make fertilizer out out of solar cells so I look here you've got a chart it says the operating cost and you mentioned it $192,000 are the current cost for the average Farm versus $257,000 that could put some Farmers out of business yeah no absolutely I mean the concern has to be if you're the typical American Family Farm you know you think back you know to farm a you know you had country singers talking about defending the American way of life these are the Farms that are going to be really pressured because they're going to have their everyday cost of Simply farming going up and then we also have indirect costs that the farmer is going to have a harder time having to fill out all these forms and regulations and if you're a family farmer you know you know how to dry your crops you know how to milk your cows filling out you know the ESG compliance forms well that's something you may have to hire another accountant so you're going to lose time being able to spend with your wife and children so you know the conse that we see is not only is food going to cost more for American families but you're going to see a lot of these Family Farms sell out give up their way of life sell out to big companies and simply go out of [Music] business