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Shining Light on Farm & Food Policy for 20 Years.
Monday, November 18, 2024
Dockworkers and their employers appear to have made little progress in discussions over a new contract as the strike that started Monday at East and Gulf Coast ports continues to snarl supply chains for containerized agricultural products.
Criticism of a proposal from federal bank regulators highlighted a hearing on reauthorization of the Commodity Futures Trading Commission in the House Agriculture Committee Thursday.
The House will debate funding for USDA and FDA as lawmakers return from their break for the Republican National Convention, while the House Agriculture Committee this week will hold a hearing on farmers’ current financial situation.
The top Republican on the Senate Ag Committee, John Boozman, has laid out his proposals for a new farm bill. For the most part they mirror the bill the House Ag Committee approved last month, which means the partisan divide over policy and funding is no closer to being resolved.
Basil Gooden’s nomination to be USDA’s next Rural Development undersecretary has been confirmed by the Senate, ending the months-long nomination process.
Nominees for top posts at USDA and the Commodity Futures Trading Commission sailed through their hearing before the Senate Agriculture Committee, which is expected to advance their nominations next week.
House Republican leaders gave up trying to pass the fiscal 2024 Agriculture funding bill ahead of the August recess after they were unable to satisfy demands from a band of hard-line conservatives who are seeking deeper cuts in spending.
Commodity Futures Trading Commission Chairman Rostin Behnam said his agency would continue to work to maintain the integrity of voluntary carbon markets within the authority granted to the CFTC, but also warned of the potential for fraud as those markets develop.
Congressional leaders announced agreement early Wednesday on a $1.5 trillion, government-wide spending bill for fiscal 2022 that includes new funding for rural broadband expansion and authorization of a cattle contract library at USDA to address concerns about market power in the beef sector.
