(FinancialHealth.net) – President Trump announced plans to help farmers by withdrawing a proposed rule from the end of the Obama Administration. Trump told a group of farmers in Austin, TX at the American Farm Bureau Federation conference he’s working to protect their water rights:
“I am proud to announce that I am taking another step to protect the water rights of American farmers and ranchers. I am directing the Corps of Engineers to immediately withdraw the proposed rule…and allow states to manage their water resources based on their own needs and based on what their farmers and ranchers want.”
— President Trump
Trump plans to overhaul the Waters of the United States rule (WOTUS). The Obama administration expanded it by including smaller and seasonal bodies (like those created by snowmelt) of water in the rule to protect the water from pollution.
Obama’s rule, however, was a huge blow to farmers. They said the rule put large pieces of their property under the protection of the federal government and stripped them of their property rights. Trump’s overhaul will give them back their property, allowing them to use the land as they see fit.
By not taking control of the lands surrounding relatively small bodies of water, farmers could increase the land’s profitability. For example, they can build infrastructure on the property in an area that may have been off-limits before. In some cases, concerned farmers worried their drainage canals would be subjected to federal oversight. Had that happened, they’d have lost thousands of dollars creating expensive new irrigation systems for their crops.
While some activists seem upset about the change, farmers and ranchers are thrilled.
~Here’s to Your Financial Health!
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