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Tuesday, January 9, 2018

Perdue Unveils Recommendations For Revitalizing Rural America

Agriculture Secretary Sonny Perdue at the American Farm Bureau Federation annual meeting in Nashville, Tenn., unveiled over 100 recommendations for revitalizing rural America, including addressing issues vital to meat processors such as labor, trade, technology and financing.  
The recommendations are the work of the Interagency Task Force on Agriculture and Rural Prosperity established by President Donald Trump last April. Research included listening sessions in rural areas across 30 states.
Perdue elicited applause from the group of farmers and ranchers when he talked about the administration’s imperative to roll back at least two regulations for every one it adds, noting the administration has so far cut out 22 regulations for every new one on the books. 
He also said the recently passed tax reform package would help small businesses, including family farms.
The task force report released today focused on five areas of rural economic improvement: e-connectivity, quality of life, rural workforce, technology and economic development.

President Donald Trump addressed the group later in the day and signed presidential orders aimed at improving internet connectivity infrastructure in rural areas.

Increase Access to Global Market
Addressing the group, Perdue acknowledged the “anxiety about what is going on in trade these days” and sought to assure the group the administration has made successful completion of the North American Free Trade Agreement (NAFTA) renegotiations a priority.
Saying he has “great faith in President Trump's skills as a negotiator,” Perdue predicted a fair NAFTA deal for the farm economy.
Later, Trump told the group, "On NAFTA, I am working very hard to get a better deal for our farmers and our manufacturers," adding however, that, "when Mexico is making all that money and Canada is making all that money, it is not the easiest negotiation." 
Noting that the agri-food sector accounts for a larger share of rural employment than urban employment, the task force report said increased agricultural exports increase rural jobs at a greater rate than urban jobs. 
In the report, the task force stated, “In the next three years, our administration will take on challenges ranging from high tariffs on dozens of products — including meats, dairy, rice, soy, wheat, fresh fruit and vegetables, and more — to unscientific regulation of biotechnology products and other goods; inappropriate use of geographical indications in ways that shut out American producers of wines, cheeses, and other high-value products; and escalating levels of domestic supports in large emerging economies. We will address these through fair negotiations, use of World Trade Organization and Free Trade Agreement dispute settlement rights, and all other means at our disposal.”
Rural workforce
The report pointed out rural community employment strategies including: identifying employment needs, attracting available workers from urban and rural centers and providing the workforce with training and education to best fill the available needs.
It suggested ways to connect rural skillsets to jobs of the future; expand and promote apprenticeship programs; connect veterans to underutilized training programs; improve rural access to education and training and ensure access to a lawful, agricultural workforce, including changes to the current H2-A visa program.
Technology and innovation
The report addressed the role of technology in producing a safe, abundant food supply. Suggestions included: coordinate federal farm production and food safety R&D; improve rural management of big data; increase public acceptance of biotech products; develop a streamlined, science-based regulatory policy for biotechnology; and enable rural uses of unmanned technologies.
Rural financing
The report also addressed concerns about access to capital for rural businesses as the number of small and community banks decline, suggesting: 
·         Equity Financing — Allowing new obligations in federal and state loan and credit programs to be used to meet equity requirements, or a first-loss-position, could help rural communities bring additional financing to the table.
·         Debt Financing — With renewed focus and goals for agricultural and non-agricultural lending in rural counties by both the Department of Agriculture and Small Business Administration (SBA), SBA is able to provide loans up to $5.5 million.
·         Bundle/Repackage Projects and Deals — A legal/finance vehicle to bundle projects can bring the necessary scale to attract private sector interest and take advantage of economies of scale to deliver cost savings.
·         Regional and State Collaboration — Projects can draw upon larger revenue streams when approached regionally. There are more financing options and deeper expertise when state wide and regional entities are involved.
The report also suggested creating a rural prosperity investment portal to enable rural investment partnerships — public or private — to serve as a matchmaking tool.
Groups including the National Pork Producers Council and the National Farmers Union applauded the task force report.