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Mar 26, 2020
Soy growers are urging Congress to support funding vital waterways improvements, specifically locks and dams, which allow soybean farmers to transport their crop and remain competitive in the global market.
This week, the House of the Representatives has the opportunity to support locks and dams investments as the Transportation and Infrastructure Committee drafts its Water Resources Development Act (WRDA) legislation. ASA encouraged soy growers to reach out to their U.S. Representatives, urging them to contact the Transportation and Infrastructure Committee.
ASA supports changing the cost-share for Inland Waterways Trust Fund (IWTF)-financed lock and dam projects to the formula used for deep draft ports—75% General Revenue and 25% IWTF—in the WRDA legislation. These changes would allow for finishing projects faster and reducing both final project cost and the amount of time communities must wait for the resulting economic benefits from projects.
Soy growers also urged House members to sign onto the bipartisan letter sponsored by Reps. Conor Lamb (PA) and Brian Babin (TX), which likewise encourages conforming to the 75/25% cost-share formula. The deadline for this letter is Friday, March 27.
