States File Lawsuit Against WOTUS and Farm Real Estate Values Remain Strong
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Montana Attorney General Austin Knudsen and attorneys general from 23 other states filed a lawsuit against the Biden administration’s Waters of the U.S. Rule.
The group says the EPA’s WOTUS rule “goes beyond the power
Congress delegated in the Clean Water Act, raises serious constitutional concerns, and runs roughshod over the Administrative Procedures Act.”
Knudsen says, “The EPA greatly overstepped its authority by trying to claim jurisdiction over land and water not connected to any navigable water.”
**The Fertilizer Institute released new data highlighting industry improvements in sustainability performance in key priority areas, including workforce safety, energy, the environment, and innovation.
TFI President, Corey Rosenbusch says, the industry is continuously working towards more sustainable operations, including efforts to decarbonize and mitigate environmental impacts.
Report highlights include survey participants investing an average of more than $1 billion every year in capital investments to help the industry meet sustainability goals.
**Growth in farm real estate values remained strong but showed some signs of easing alongside higher interest rates.
The Kansas City Federal Reserve says despite the rapid rise in rates, the value of farmland continued to increase, but at a more tempered pace than earlier in the year.
The growth in farmland values has softened most for lower-priced land and in states most heavily affected by drought.
