Video & Transcript Research : 'soybeans'
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MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Environment and Natural Resources Jun 21st, 2026 at 01:00 pm
Joint Committee on Environment and Natural Resources
Transcript Highlights:
- For risk to pollinators, the most important finding is that in and around corn and soybean fields that
- For risk to pollinators, the most important finding is that in and around corn and soybean fields that
- are planted with neonicotinoid-treated seeds, exposures are likely to impair... ...soybean fields that
- This high risk to honeybees from neonicotinoid-treated corn and soybean seeds is paired with a strikingly
- As early as the spring of 2019, most corn and soybean seed suppliers switched from neonicotinoids to
Summary:
The Joint Committee on Environment and Natural Resources held a hybrid hearing on a large slate of bills focused on pesticides, pollinators, rodenticides, mosquito control, invasive species, and local authority over pesticide regulation. Chair Becca Rausch set strict two-minute testimony limits due to the very large number of speakers. Early testimony from Senator Moore and Representative Hawkins strongly supported a bill to restrict second-generation anticoagulant rodenticides, citing harms to wildlife, pets, and public health, and noting that California has already adopted a similar model. Testimony also supported a Lowell home rule petition to allow the city to prohibit or restrict these rodenticides, with local officials describing documented raptor poisonings and municipal efforts to phase out use on city property.
A major portion of the hearing focused on pollinator protection and neonicotinoid-treated seeds. Witnesses from environmental groups, conservation organizations, academics, and beekeepers argued that neonics harm bees and other beneficial insects, contaminate soil and water, and provide little or no economic benefit in most corn and soybean fields. Several speakers pointed to New York, Vermont, and Quebec as models for restricting treated seeds, and one panel cited research showing only a small percentage of fields benefit economically from the treatments. Support was also voiced for a bill establishing an ecologically based mosquito management program, with advocates criticizing aerial and truck spraying and urging non-chemical, locally tailored approaches.
Other testimony supported bills to reform the pesticide board and pesticide regulation process, to give vulnerable municipalities more local control over pesticide use, to protect schoolchildren from pesticides on school grounds, and to respond to invasive species through a centralized state office, coordinator, strategic plan, and trust fund. Many speakers, including representatives from Mass Audubon, MSPCA, the Xerces Society, the Sierra Club, watershed groups, and local wildlife rehabilitators, described impacts on hawks, owls, pets, fish, and broader ecosystems. No votes were taken during the hearing, and committee members generally asked few questions, with the hearing remaining in testimony mode throughout.
MN
Minnesota 2025 1st Special Session
Committee on Energy, Utilities, Environment and Climate - 03/26/25
Energy, Utilities, Environment, and Climate
Transcript Highlights:
- It provides over a 300% income for the rural landowners versus corn and soybeans.
- We run about half corn, half soybeans in it.
- It makes the versus corn and soybeans.
- We run about half corn, half soybeans<01:04:25.280>
in <01:04:25.440>it. - If we put all our cost soybeans in it.
MO
Missouri 2026 Regular Session
Special Committee on Rural Issues Jan 14th, 2026
Special Committee on Rural Issues
Transcript Highlights:
- many of these commodity groups, whether it be Ag on the Move, Farm Bureau, whatever, corn growers, soybean
- These 10 lessons cover soybeans, corn, Missouri as a diverse crop state, soil and water conservation,
- Chairman, members of the committee, Ben Travellers with the Missouri Soybean Association would also like
MN
Minnesota 2025-2026 Regular Session
House Agriculture Finance and Policy Committee 3/2/26
Agriculture Finance and Policy
Transcript Highlights:
- And then he ended up starting a corn and soybean operation because he found a passion in running machinery
- um<00:08:15.440>
a <00:08:15.759>corn <00:08:16.000>and <00:08:16.240>soybean - <00:08:16.639>
operation starting um a corn and soybean operation starting um a corn and soybean - This past year I was combining soybeans, and you cut, you know, right off the top of the ground, and
- this past year I was combining soybeans this past year I was combining soybeans and<01:07:43.839
Keywords:
agriculture, livestock, depredation, crop damage, wolf compensation, elk damage, state funding, agricultural protection, trespass, criminal penalties, farm equipment, agricultural land, 1183, house
Summary:
The committee first approved the minutes from the previous meeting and then heard from Minnesota FFA officers, who described FFA as a student-led agricultural education organization focused on leadership, personal growth, and career success. The students explained the three-part model of agricultural education, the size and reach of FFA in Minnesota, and upcoming events at the Capitol, including an agricultural policy experience conference and FFA Day at the Capitol. Members asked about FFA’s role in encouraging the next generation of farmers, the organization’s broader focus beyond farming to include wildlife and other natural resources careers, and the mix of rural, metro, and urban chapters. The students emphasized that FFA and agricultural educators help students discover career paths and that urban chapters are active and thriving alongside rural ones.
The committee then received a presentation from the Minnesota Department of Agriculture on the Agri program. The department described Agri as a legislature-created program that uses producer-payment funds to support roughly 15 grant and cost-share programs, including newer efforts such as Protect and Prepare. Testimony stressed transparency and fraud prevention: Agri is reimbursement-based, requires detailed documentation, conducts site visits on grants over $25,000, and has identified and stopped more than a dozen fraudulent applications in the past year. The department also noted a prior legislative auditor review of two larger Agri programs and said only about one-tenth of 1% of reviewed expenditures were recommended for recovery.
The department highlighted the Make It Minnesota cost-share program, which helps Minnesota food and agriculture companies attend national trade shows such as Natural Products Expo West. Testifiers then described how Agri has supported their businesses: Mark Schiller of Lon Liquor in Northfield said the program helped his microdistillery expand into milling organic flour and adding food service, while Pete Gangler of Snowpack Foods in Caledonia said Agri grants supported food safety improvements, processing capacity, and a new freezer warehouse project. The department said additional grantees would testify as well, and members asked whether the department’s fraud-prevention practices could be shared with other state agencies; staff said they already are being shared through interagency best-practice efforts.
ND
North Dakota 2026 1st Special Session
Agriculture and Water Management Committee Jun 17th, 2026
Agriculture and Water Management Committee
Transcript Highlights:
- Agriculture, co-founded by an NDSU faculty member and student, and it's improving how crops like soybeans
- in this area of almost $500 million to a positive impact toward agriculture, expansion of ethanol, soybean
- So the commissioner has it where it's soybeans of 100,000 acres.
- land-grant university with developing new seed varieties have increased, and we have abundance of soybeans
- , grapes, dry edible beans, hard red spring wheat, hard red white wheat, barley, oats, potatoes, soybeans
Summary:
The committee met in Fargo and approved the minutes from the March 31 meeting before hearing a series of informational presentations focused on North Dakota agriculture, water, and research. NDSU President David Cook opened with remarks about NDSU’s land-grant mission, emphasizing statewide service through research, teaching, and extension, and highlighting examples such as the Lilac Agriculture startup and the university’s role in applying research to real-world problems. He said he intends to spend time listening across the state to better understand local needs.
The committee then received a detailed presentation on a state irrigation and drainage study from Tom Bodine on behalf of Agriculture Commissioner Doug Goehring. The study projected significant potential for expanded irrigation acreage, especially in counties such as McLean, Williams, Sargent, Burleigh, Mountrail, McKenzie, McIntosh, Dunn, and Bottineau, and estimated major economic gains from irrigation, including higher farm returns and support for value-added agriculture. Members discussed water permits, surface water versus aquifers, infrastructure, drought resilience, and the role of legal drains in improving productivity and generating economic activity. The presenters also noted that the full report is available online.
Dr. Greg Lardy followed with NDSU’s required interim report, outlining the university’s agricultural research and extension system, including the State Board of Agricultural Research and Education, seven research-extension centers, and the economic importance of agriculture to the state. He highlighted recent research impacts such as new crop varieties, potato breeding successes, virtual fencing, AI-assisted weed control, weather-network tools, and 4-H programming. He also described NDSU’s budget priorities: restoring the governor’s proposed 10% cuts, additional operating support, and deferred maintenance funding. Committee members asked about the new agricultural field lab, storage sheds, and NDSU’s partnership with Grand Farm.
The committee also heard from the North Dakota Water Resources Research Institute and a professor presenting water-related research, including data center cooling, water reuse, smart irrigation, and a feasibility study on co-locating data centers with greenhouse and aquaculture production. Members asked about water use, ownership, and whether the concepts were operational or still speculative. Finally, North Dakota AgTech presented its NSF-funded innovation engine work, describing startup commercialization, on-farm trials, workforce development, and partnerships with NDSU, UND, tribal colleges, and other land-grant institutions. No formal votes were taken beyond approval of the prior meeting minutes.
MN
Minnesota 2025-2026 Regular Session
Committee on Environment, Climate and Legacy - 04/07/26
Environment, Climate, and Legacy
Transcript Highlights:
- differently or farm something different than corn and soybeans.
- And that's cover crops or, better yet, get it out of corn and soybeans into something else.
- differently or farm something different than corn and soybeans.
- And that's cover crops or, better yet, get it out of corn and soybeans into something else. practices
- <00:23:06.120>
unless per million in corn and soybeans unless per million in corn and soybeans
KY
Kentucky 2025 Regular Session
Air Mobility & Aviation Economic Development Task Force (10-28-25)
Transcript Highlights:
- Uh, to put that in context, one bushel of soybeans can produce about 1.5 gallons of AAF.
- Uh, to put that in context, one bushel of soybeans can produce about 1.5 gallons of AAF.
- can produce about 1.5 gallons soybeans can produce about 1.5 gallons of<00:04:59.680>
AAF. - Uh the big ones are corn, soybean, AF.
- Uh the big ones are corn, soybean, and<00:08:00.639>
then <00:08:00.800>they <00:08:00.960
Summary:
The task force approved the October 14, 2025 meeting minutes and then heard a presentation from Austin Kaylor of WSP on alternative aviation fuels. Kaylor described an ongoing feasibility study focused on Cincinnati/Northern Kentucky International Airport and the other four commercial airports in Kentucky, with an eye toward both near-term use of alternative aviation fuel in existing supply chains and longer-term in-state production using local feedstocks. He said Kentucky’s current jet fuel use at the five airports is about 609 million gallons annually and could approach 1 billion gallons by 2050, and he outlined potential feedstocks such as soybeans, corn, and waste oils, along with existing logistics assets like river terminals, trucking, rail, and some pipelines. He also discussed federal and state policy support, including renewable fuel credits and the recent 45Z tax credit extension, and said the study suggests significant economic-development potential if Kentucky can leverage existing infrastructure and incentives.
Members asked about the cost of sustainable aviation fuel, whether taxpayers would be subsidizing it, and whether food crops would be diverted from food use. Kaylor responded that the market is increasingly using second-generation and waste-based feedstocks, that federal incentives can cover much of the price differential, and that SAF is a direct substitute for conventional jet fuel with some efficiency benefits. He said demand comes from both U.S. and foreign carriers, including major U.S. airlines that have made emissions-reduction commitments. Members also raised the possibility of locating production in Appalachia to create jobs closer to feedstock sources; Kaylor said that approach has worked in other states and could fit Kentucky’s logistics network.
The committee then heard from Leif Elder of the Utah Department of Transportation, who introduced himself and said he would discuss advanced air mobility legislation in Utah. The transcript cuts off before his substantive presentation, and no further votes or actions were recorded after the question-and-answer discussion on alternative aviation fuels.
MN
Minnesota 2025-2026 Regular Session
House Floor Session 5/4/26 - Part 1
Minnesota House Floor Meeting
Transcript Highlights:
- States farm products from 2021 to 2024, making it the ninth largest market for the United States soybeans
- United States in September 2025, and made commitments to purchase up to 9.6 billion of United States soybean
Summary:
The House convened with prayer, the Pledge of Allegiance, and a quorum call, then recognized guests from Taiwan, including the Director General of Taiwan’s Midwest office and a vice consul. Members then read a resolution honoring Minnesota’s sister-state relationship with Taiwan and highlighting trade, agricultural exchanges, cultural ties, and Taiwan’s support for Minnesota during the COVID-19 pandemic.
The resolution reaffirmed support for the Taiwan Relations Act, encouraged continued negotiations toward a bilateral trade agreement and a tax agreement to avoid double taxation, and supported Taiwan’s meaningful participation in international organizations such as the United Nations, WHO, ICAO, UNFCCC, and INTERPOL. It also emphasized shared democratic values, peace and stability in the Taiwan Strait, and support for Minnesota businesses referring to Taiwan as Taiwan.
Several members participated in reading the resolution, including Representatives Lee, Vang, Lee XP, Presnell, Nash, and Mueller. After the resolution reading, Representative Niska moved a recess to the call of the Speaker for photographs, and the motion prevailed, sending the House into recess.
MN
Minnesota 2025-2026 Regular Session
Environment and natural resources committee hears HF8 - pt. 2 2/13/25
Transcript Highlights:
- The first one was Epitome Energy's proposal to build a soybean crushing plant in Crookston originally
- Energy's proposal to one was epitome Energy's proposal to build<00:20:45.080>
a <00:20:45.200>soybean - <00:20:45.600>
crushing <00:20:45.960>plan <00:20:46.200>in build a soybean - crushing plan in build a soybean crushing plan in crookton<00:20:46.919>
originally <00:20:47.480
Summary:
The committee heard extended discussion on House File 8, a bill aimed at changing Minnesota’s permitting and environmental review process. Supporters said the bill is intended to help small and medium-sized businesses and projects that face long delays, and argued that the proposal does not lower environmental standards. They described the bill as modeled in part on provisions used in other states, including a staggered permitting process and an expedited option, and said the goal is to improve transparency, reporting, and real-time public access to permit information.
Members raised concerns about whether the bill could also benefit large corporations and major industrial projects, including mining and other large facilities, rather than just smaller businesses. Several lawmakers questioned the use of county-based public input, the lack of tribal consultation, and how the bill would interact with treaty rights and communities outside the affected county. Others argued that the bill could create risks by speeding permits for bad actors or by allowing larger entities to pay for expedited treatment. Testimony also referenced examples from the Minnesota Chamber’s report, with a witness disputing the claim that permitting alone drove companies out of Minnesota and saying those cases involved more complex facts.
The committee first considered a motion to lay the bill on the table, but that motion failed on a 5-7 roll call. The committee then voted on a motion to re-refer House File 8, as amended, to the Labor and Workforce Development Committee. That motion passed 7-5, and the bill was sent on to that committee.
KY
Kentucky 2025 Regular Session
House Standing Committee on Agriculture (2-12-25)
Transcript Highlights:
- We see the crops: corn, soybeans.
- I’ll ask our vice chair to go to the table, and we’re going to present House Bill 24. soybeans those
- crops generate 10 billion soybeans those crops generate 10 billion dollar<00:06:16.240>
here <00
Keywords:
00:00 Meeting Start
00:45 Attendance Roll Call
01:50 Introduction of New Members
07:10 Discussion of HB 24
09:36 Roll Call Vote
12:20 Discussion of HB 216
19:25 Roll Call Vote, 958, all
Summary:
The Agriculture Committee met for its first meeting of the 2025 session, with the new chair opening the meeting, confirming a quorum, announcing the House’s 24-hour rule for committee substitutes and amendments, and welcoming several guests and new committee members. The chair also emphasized agriculture’s importance to Kentucky’s economy, citing crop revenue and the broader economic impact of the sector.
The committee first considered House Bill 24, which would raise the audit threshold for conservation districts from $750,000 to $1 million. Supporters said the bill updates an outdated threshold and helps reduce the burden of costly audits amid inflation. The bill received a motion and second, no opposition was raised, and it passed by roll call vote.
The committee then took up House Bill 216, presented by the vice chair and Brandon Reed of the Kentucky Office of Policy. The bill would allow certain Department of Agriculture employees to apply for grants or loans while preserving the existing prohibition for employees who oversee those programs. Testimony explained that the office’s funding comes from tobacco master settlement dollars, with a formula that directs money to agriculture and other purposes, and members discussed the importance of keeping those funds in Kentucky. The bill passed with favorable expression by roll call vote.
Before adjournment, members made additional welcoming remarks for local officials and guests, and the chair noted the National Farm Machinery Show and tractor pull as a major event for Kentucky agriculture. The committee then adjourned.
MN
Minnesota 2025-2026 Regular Session
Agriculture Committee Meeting - 2025-04-02
Agriculture, Veterans, Broadband, and Rural Development
Transcript Highlights:
- Everything above that represents our corn and soybean years, where you see the nitrates go up to nearly
- The soybean year was 2024, so coming out of a drought year into the next season, we started with very
- On my family's farm, we grow corn, soybeans, alfalfa, We grow oats and cover crops.
MN
Minnesota 2025-2026 Regular Session
Committee on Agriculture, Veterans, Broadband and Rural Development - 04/15/26
Agriculture, Veterans, Broadband, and Rural Development
Transcript Highlights:
- A 2016 study identified 38 herbicides as suitable replacements for use on soybeans that are less toxic
- have banned this chemical, including China, Brazil, and India, which outproduce us in crops like soybeans
- A 2016 study identified 38 herbicides as suitable replacements for use on soybeans that are less toxic
- have banned this chemical, including China, Brazil, and India, which outproduce us in crops like soybeans
- A 2016 study identified 38 herbicides as suitable replacements for use on soybeans that are less toxic
MN
Minnesota 2025 1st Special Session
Committee on Energy, Utilities, Environment and Climate - 03/19/25
Energy, Utilities, Environment, and Climate
Transcript Highlights:
- I've also been asked today to speak in support of the Minnesota Soybean Growers Association as well.
- And that's made primarily with soybean oil, but it can be made from any vegetable oil or animal fat in
- be a little outdated, especially for Minnesota, as we use almost exclusively vegetable-oil-based soybean
- oil but other vegetable oil uh soybean oil but other vegetable oil based<01:08:23.040>
uh <01: - Uh, even Minnesota, the fact that we use B20 right now in producing our soybean oil to make biodiesel
MN
Minnesota 2025-2026 Regular Session
House Floor Session - part 2 Apr 24th, 2025
Minnesota House Floor Meeting
Transcript Highlights:
- So, I'm a fourth-generation farmer, and my family farm grows corn and soybeans.
- We're third in the nation in soybean production, sunflowers, canola, dry beans, and.
CO
Colorado 2026 Regular Session
Colorado Senate 2026 Legislative Day 083 Apr 7th, 2026
Colorado Senate Floor Meeting
Transcript Highlights:
- Taiwan will purchase approximately $2.12 billion in corn products and $3.44 billion to $4.2 billion in soybean
- billion to $4.2 products and $3.44 billion to $4.2 billion<00:32:24.000>
in <00:32:24.120>soybean - products<00:32:25.080>
from <00:32:25.240>the <00:32:25.320>US billion in soybean - products from the US billion in soybean products from the US over<00:32:25.960>
the <00:32:26.080
Summary:
The Senate convened, established a quorum, approved the journal, and received several committee reports. Health and Human Services reported appointments to the Commission on Aging and the Solid and Hazardous Waste Commission for consent-calendar confirmation, and also advanced or killed several bills, including favorable recommendations on SB 140, HB 1229, and HB 1244, while postponing indefinitely HB 1096 and SB 8. Business, Labor, and Technology reported SB 114 with amendments and a favorable recommendation to Appropriations. The chamber also adopted a motion to proceed out of order for resolutions and later for selected bills.
The Senate adopted SJR 19, which celebrates Colorado’s sister-state relationship with Taiwan, supports stronger trade and academic ties, backs a double-taxation agreement, and urges Taiwan’s participation in international organizations. The resolution was adopted 35-0, and the current roll call was added as co-sponsors. The Senate also passed consent-calendar HB 1234 on access to child abuse or neglect records unanimously.
On third reading, HB 1186 on bail bonding agents passed 34-1, and HB 1044 on maternal health equity passed 30-5. In Committee of the Whole, the Senate advanced a large consent calendar of technical and policy bills, including HB 1303, 1297, 1296, 1295, 1294, 1293, 1220, 1219, 1218, 1217, 1216, 1215, 1135, 1238, and 1079, all of which were adopted and ordered to third reading. The committee report was adopted 35-0.
Later, the Senate took up several House-amended Senate bills and concurred or re-passed them, including SB 77 on epilepsy-related mortality awareness, SB 31 on lawful use of a prescription drug product containing a Schedule I substance, SB 9 on charitable organizations for sales and use tax, SB 126 on teacher licensure for out-of-state applicants, and SB 53 on eligible mortgage borrowers. The chamber also passed HB 1311 on using a bond in lieu of retainage in construction contracts, HB 1107 on standardized information for medical-care facilities, and HB 1101 on adding critical-infrastructure-related offenses to commodity-metals crimes. The remainder of the calendar was laid over to April 7, 2026, and the Committee of the Whole report reflecting those actions was adopted 35-0.
KY
Kentucky 2026 Regular Session
House Legislative Session Day 19 (2-3-26)
Kentucky House Floor Meeting
Transcript Highlights:
- And then we also want to give a special thank you to the Kentucky Soybean Association, especially Debbie
- ><00:25:16.320>
to <00:25:16.640>the <00:25:16.880>Kentucky <00:25:17.279>Soybean - thank you to the Kentucky Soybean thank you to the Kentucky Soybean Association,<00:25:18.559>
Keywords:
Convene 00:00
Senate Message 04:18
Report of Committees 05:09
Orders of the Day 06:40
HB 169 06:50
HB 393 13:08
HB 194 15:43
Motions, Petitions, and Communications 24:38
Introduction of New Bills and Resolutions 35:23
Recess for ConC/Rules Meeting 38:09
ConC/Rules Report 40:57
Floor Amendments 42:04
Adjournment 42:20, 958, all
Summary:
The House convened, opened with prayer and the Pledge of Allegiance, recorded 95 members present, approved the prior journal, and received notice from the Senate that Senate Bills 1 and 3 had passed and were sent over for concurrence. Committee reports advanced a number of bills on housing, local purchasing, health care credentials, postsecondary education, school bus safety, special license plates, milk transportation, veteran PTSD treatment, and the Kentucky Fire Commission, with several reported with committee substitutes.
The chamber then considered House Bill 169 on coverage for feeding or eating disorders. The sponsor explained that the bill addresses insurance coverage decisions tied to body mass index by requiring BMI to be considered alongside another factor, such as depression, anxiety, or family circumstances, and said the committee substitute clarified that one factor alone could not control the decision. The substitute was adopted, and the bill passed 95-0. House Bill 393, which updates the Alzheimer’s and related dementias council, adds a caregiver seat, and requires an annual action project including an early detection toolkit, also passed unanimously, 95-0.
House Bill 194, relating to cigar bars, drew the most discussion. The sponsor said the bill does not repeal existing smoke-free ordinances, but creates a narrow exemption for tightly defined cigar bars, with a 25% gross revenue threshold from cigar-related sales, age restrictions, local permitting options, smoke containment requirements, and signage. Members asked about local authority, other tobacco products, and whether the bill could affect smoking bans; supporters emphasized the narrow scope and personal choice, while opponents said their districts’ smoking bans and constituent concerns led them to vote no. The bill passed 69-24. The House then applied the clincher and moved to announcements, including committee schedule notices, a Small Business Day event, receptions, and citations recognizing National School Counseling Week, the KBLC Black History Celebration, and memorializing Brandy Engles.
ND
North Dakota 2025-2026 Regular Session
House Appropriations - Government Operations Division Apr 2nd, 2025 at 10:00 am
Appropriations - Government Operations Division
Transcript Highlights:
- enhance the wheat breeding program, but it doesn't necessarily say they can't use it to work on soybeans
- . necessarily say they can't use it to work on soybeans or barley or canola either, I guess, if they
Summary:
The committee first took up Senate Bill 2023 for the Racing Commission. Members confirmed the bill’s existing items, including the internships program and copier replacement, and then adopted an amendment based on the worksheet that moved those items to one-time funding. The committee then passed SB 2023 as amended, with the only noted differences from the Senate version being the one-time treatment of the $20,000 internship item and the copier replacement.
Next, the committee considered House Bill 2011 for the Highway Patrol. Representative Pyle explained a series of verbal amendments that shifted several one-time and ongoing expenses from the general fund to the electronic permit fee fund, including body armor, preliminary breath test devices, handgun replacement, emergency vehicle operations course resurfacing, and related items, while also removing the shooting range ventilation project because it could be completed with existing funds. The committee also added a section allowing carryover authority for federal grant dollars tied to the in-car router system. After adopting the amendments, the committee passed HB 2011 as amended.
The committee then discussed Senate Bill 2014 for the Industrial Commission, focusing on a proposed amendment by Representative Fisher that would direct additional percentages of North Dakota Mill net income to wheat breeding programs at NDSU’s main experiment station and branch research centers. Members asked about current funding, the size of the proposed transfers, and how the money would be used, with Fisher arguing the funds would support breeding, disease resistance, and related research. Several members said they wanted more information on existing funding and program costs before advancing the idea, so the committee held the amendment for further review and took no final action on the bill during this discussion.
AR
Transcript Highlights:
- How this governor and a bunch of people are real tough on the Chinese growing soybeans, but when it comes
- if you look at what is going on, I mean, we're banning Chinese from owning farmland and growing soybeans
- on the China influence with crypto mines and computers running and all of a sudden want to tackle soybeans
KY
Kentucky 2025 Regular Session
Consensus Forecasting Group (9-16-25)
Transcript Highlights:
- soybean is not a huge cash crop.
- because China's not buying any American soybeans, and... mean they're listing unemployment for mean
- <02:58:56.399>
is <02:58:56.640>not soybean fields and I know soybean is not soybean - fields and I know soybean is not a<02:58:56.880>
huge <02:58:57.200>cash <02:58:57.520> - but what's happening to those soybeans but what's happening to those soybeans now<02:59:04.240><
Summary:
The meeting focused on preliminary fiscal 2026 revenue estimates and the governor’s office request for an official revision to fiscal 2026, with members reminded that any estimate adopted now would not bind the December official estimates. Staff from S&P Global walked through three forecast scenarios—control, optimistic, and pessimistic—based on recent federal tax changes, tariffs, and other policy developments, emphasizing that the outlook remains highly uncertain.
Under the control scenario, the presentation projected below-trend real GDP growth of 1.8% in fiscal 2026, slowing to 1.5% by fiscal 2028, with unemployment peaking around 4.5% and the Federal Reserve cutting rates three times to a long-run range of about 2.75% to 3%. The optimistic scenario assumed lower effective tariffs, stronger growth, and better labor and housing outcomes, while the pessimistic scenario assumed a broader trade war, higher effective tariffs, faster deportations, weaker employment and consumer spending, and unemployment rising to about 6.3%. Speakers also noted that the forecast was prepared before later BLS revisions and that recent data on inventories and AI-related investment made the recent quarters look unusually volatile.
Members discussed how the current fiscal 2026 outlook compared with earlier assumptions and noted that the eventual revenue revision may be smaller than the spread between the optimistic and pessimistic economic scenarios. The governor’s office and committee members also reviewed sector-specific impacts, including manufacturing, housing, light vehicle production, exports, and consumer sentiment, with particular concern about Kentucky’s auto and housing-related industries. No votes or formal actions were taken in the portion provided.
MO