Scott Vanderwal, a third generation South Dakota farmer, argues transporting oil on trucks or trains will create 'tremendous competition' for the commodities of farmers and will increase transportation costs.
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Steve well, the Biden
administration will decide the
fate of the Dakota Access
pipeline will following a court,
ordered environmental review.
Last week, two hundred activists, tribal
leaders and a lot of celebrities
from Hollywood, including LEO
Decaprio, Cher and others penned
a letter urging Joe Biden to
shut it down.
But agriculture experts say
closing the pipeline could cause
farmers in the region to take a
serious re knew hit some
estimate as high as a billion
dollars annually, as you can see
in that great big graphic right
there
here to react: third generation,
South Dakota Farmer and vice
president of the American Farm
Bureau Federation, Scott Vander
Wall join us today from out
there in South Dakota
Scott Good Morning to you
good morning Steve.
So as a farmer- and this is
gel- we havent really
talked about
as a farmer if the oil has to be
transported via rail thats
that going to do to your prices.
Well, that creates a lot of
competition,
and I guess what I would say to
start off with is this access.
Dakota access pipeline is
operating already
its carrying about forty to fifty percent of
the oil. That comes out of the
Balken oil kneeled North Dakota
down through a refinery already,
if they take that and put it on
trucks or trains, creates
tremendous transportation,
competition for commodities,
whether soybeans or west. That
needs to go to the Pacific
Northwest for export or has to
go east. That increases the cost
that we have for transportation.
We have a pretty tough six or
seven years now.
Things are starting to turn
around
if we do this increase
transportation costs, which shows
up in lower prices for our
commodities, because there is
nobody else to absorb that.
That is such a great
point.
The governor of North Dakota
said this regarding shutting
counsel the pipeline
to pull the plug. Now after the
pipeline has been operating
safely for more than three
years
thats. Your point would
severely impair future capital
investment in much needed
projects at a time when America
is in desperate need-
and you know Scott
when you just think about the
politics of it.
On the first day in office,
Joe Biden signed the executive
order getting rid of the Xl
Keystone pipeline, and so you
know his base loved that
they just would like another
win
so thats why they are going
after this one
yeah.
It is all political and it will
be extremeli for anybody to do
anything like that. Again,
these pipelines are safe,
thats. What we need to talk
about
the best technology we have ever
used.
The Dakota Access pipeline has
no history of any impact on
ground water or any resources
around it
and its been proven to be the
best way to transport oil, and
when we can do that that way,
then it frees up our other
transportation methods to all
our other commodities.
Steve sure,
while it is more efficient and
safer to use a pipeline,
obviously, rather than rail or
truck at the same time, for
people who are watching right
now and they think well im
worried about the environment.
Okay, thats one thing,
but then less worry about the
prices you pay for groceries and
you pay for everything else that
is shipped via rail, including
pretty much everything you do,
thats exactly right
and it will show up in several
ways.
There are so many inintended
consequences with something like
this.
Not only is the tire higher pric
lower prices for what we get
paid,
it does show up in higher prices
to consumers
and other things.
There is another thing that
probably a lot of people dont
think about is the tax money,
thats generated
property taxes in North Dakota,
South Dakota, Iowa and Illinois
in this particular case
that go to the schools, the
hospitals, the emergency
services,
all those things that have to be
paid for through tax money, that
those things are picking up
and if the Dakota Access
pipeline is shut down, they are
going to have to pay for those
things. Some other way
that will show up in higher
property taxes for everybody
else or some other method of
Taxation
Steve. That is such a Gadd
point.
Scott. Thank you very much for.
Transcript generated on 2021-03-09.