Iowa farmers watching Washington D.C. closely - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa farmers watching Washington D.C. closely

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CEDAR FALLS (KWWL) -

Displaying the latest equipment, technology and products at the annual Hawkeye Farm Show in Cedar Falls, farmers from Iowa and surrounding states look to another year with three major concerns.

"Dry weather coming maybe, low commodity prices, and the Renewable Fuel Standard regulations that they are talking about right now in Washington D.C. If they lose the ethanol, it is probably going to make the price of corn go down," said Dan Downes, a farmer from Oxford.

Falling prices are always a concern, and not just for farmers in Iowa.

"We are all in a real squeeze of how to economically survive. We have got huge carryovers, low prices, and we don't see a lot of relief from our suppliers. That really puts us in a tight situation," said John Miller from Illinois.

It's why many farmers are watching closely as both Senator Chuck Grassley and Senator Joni Ernst fight the pressure Senator Ted Cruz is putting on President Trump to lower the Renewable Fuel Standards.

"We have to wait and see what happens," said Downes.

According to a study done by the Iowa Renewable Fuels Association, nearly 50,000 Iowa jobs are tied to biofuels.

Reports say President Trump is expected to meet with industry leaders from both sides on Thursday.

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