As the September 2020 expiration of the Fixing America’s Surface Transportation Act approaches, Congress is examining the needs of American highways and public transportation systems. While the FAST Act has provided an additional $70 billion in general funds transferred to the Highway Trust Fund, Congress must still address the fundamental revenue shortcomings within the Fund. 

Further degradation of the country’s highways and bridges threatens our nation’s economic standing in the world and endangers the livelihood of farmers and ranchers. Maintaining adequate funding for the nation’s highway system must be a priority to ensure food and other farm goods can be moved safely and efficiently to consumers.

This Market Intel focuses on the solvency issues surrounding the Highway Trust Fund as well as how the COVID-19 emergency has deepened the projected funding shortfall. 

Read the full article on the American Farm Bureau Federation website.