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Agribusiness Report: June 16

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DES MOINES, Iowa ó A rule clarification for the Clean Water Act isnít very clear, according to Iowa farmers.

The EPA announced the rule change as a way to clear up confusion about exemptions. Farmers say the proposed rule clarification is only making matters worse. As a result, the EPA has extended the commenting time allowed.

In the current fiscal year, the value of U.S. Agriculture exports is on pace to set a record of $149.5 billion, an $8.6 billion increase from 2013. Asian and Western nations account for most of that growth. China alone is expected to increase imports by 20%.