U.S.-Mexico Water Treaty and Tractor Sales Down
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**The U.S. and Mexico reached an understanding on meeting the current water obligations of American farmers and ranchers and for Mexico to repay the water deficit in Texas as part of the 1944 Water Treaty.
Ag Secretary Brooke Rollins thanked Mexico for their willingness to abide by the treaty and past obligations, saying Mexico has delivered more water in the last year than in the previous four years combined.
**According to the Association of Equipment Manufacturers, November sales of agricultural tractors in the U.S. dropped almost 20%, while combine sales fell 35% compared to last November.
Canadian sales of combines increased 25% in November, while sales of ag tractors dropped 7%.
Association of Equipment Manufacturers Senior Vice President, Curt Blades says while we’re seeing a short-term slowdown in sales, equipment manufacturers remain focused on supporting farmers with the tools and technologies they need.
**The Fertilizer Institute praised the House of Representatives for passing HR 3898, the Promoting Efficient Review for Modern Infrastructure Today, or PERMIT Act.
The PERMIT Act is legislation designed to bring clarity, consistency, and predictability to the federal Clean Water Act permitting process.
TFI President Corey Rosenbusch says the PERMIT Act provides the guardrails needed to keep critical projects moving while maintaining protections for water quality and natural resources.
