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John Hoeven: “The inflation we saw during the Biden administration greatly…”

Featuring: John Hoeven, Republican | U.S. Senate North Dakota

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1.22.25 Senator Hoeven on Fox Business with Stuart Varney

Published | Video Starts at 00:26

And as you correctly said, our farmers are facing lower income and it's not just this year, but it's a multi year impact. And they have much higher input costs. The inflation we saw during the Biden administration greatly increased [farmers'] input costs, everything, fertilizers, energy, you name it. That's why it's so important. We're bringing energy costs down. But at the same time, you know, the crop prices have been lower and the Biden administration did not enforce … (00:26–00:34)

CLAIM

Asserts that inflation during the Biden administration increased farmers' input costs.

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