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Published: Wed, 19 Aug 2009
Description: Will cap-and-trade bill raise food costs?
Automatically Generated Transcript (may not be 100% accurate)
" What reason could these so called cap and trade bill in congress mean higher prices for you in the grocery aisle. Farmers say you better believe it the house is already passed this bill but it faces serious hurdles in the Senate and for that matter. In the heartland. Steve Brown is live at the state fair in the Moines Iowa Steve cap and trade has been given the cold shoulder by farmers. Why is that. While."
" It's going to increase their cost of -- doing business at least that's what farmers have been saying on average they believe it'll add about 35 dollars. In that neighborhood to an Acre of production you multiply that by the typical farm size these days it could be in the thousands. Up above 10000. For farmer in these are folks that operate on pretty thin margins profit march pretty --"
" But the Agriculture Secretary says that this will not be bad for farmers in fact he thinks -- what it will be quite good for them what's his argument initial."
" Initially secretary Tom Vilsack former Iowa governor here today to talk about. Farming issues do well Iowa farmers -- the Iowa state fair. -- this could be a boon to farmers if farmers sell carbon credits now. You're getting the carbon credits means that they have to do things like -- load till farming or plant trees on their property. As opposed to planting crops on the property. That hasn't gone over nor is it sued the up fears of farmers that they're gonna end up having to pay more to grow those crops what is the most interesting thing you have seen at the Iowa state fair Steve Brown. The largest ball is right over here and it is like a Volkswagen de. --"
" Yeah yeah yeah they're going to go back to the 10 o'clock hour."
" And so help but we have our eyes will drive I think an anti Bradley did you get a picture or cell phone home."
" Under the dragged your records right idea imagine possibilities and yeah there --"
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