North Dakota Senator John Hoeven supports an increase in reference prices for the new farm bill. “Reference prices have to be updated for inflation or they’re not relevant. We’ve had to update this in the past, but clearly, we’re going to it again this time as well.” In an interview, Hoeven told the Red River Farm Network farm groups need to prioritize their farm bill requests. Hoeven did not support the Inflation Reduction Act that passed over the weekend, saying the additional funding may do more harm than good to the next farm bill. “People are going to say that’s $40 billion that got spent on agriculture in those programs, why should we allocate more for an actual farm bill next year?”
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