President Donald Trump said Monday that his administration is planning to address the cost of farming equipment by easing regulatory burdens on equipment manufacturers.
Trump made the comments during a roundtable about issues affecting the U.S. agriculture industry, including the administration's plan to provide a roughly $12 billion bailout to farmers affected by trade disruptions related to tariffs.
"The other thing I'd like to add… and I think it's very important, we're going to also give the tractor companies, John Deere and all of the companies that make the equipment, we're going to take off a lot of the environmental restrictions they have on machinery."
"It's ridiculous. I know because I buy a lot of that machinery for different things. We have a lot of big clubs with hundreds, thousands of acres, and I buy a lot of stuff," the president added.
Trump said that the higher equipment costs stem from environmental regulations requiring the inclusion of more technology aimed at things like reducing emissions or conserving energy.