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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, November 26, 2024
Minority farmers and producers considered to be historically underserved by federal programs, including beginning farmers, received less than 4% of the payments provided by the Trump administration’s Market Facilitation Program, according to the Government Accountability Office.
The 2019 version of the Trump administration’s Market Facilitation Program overestimated trade damages and was marked by regional payment disparities among farmers growing the same crops, according to an investigation by the Government Accountability Office.
Soaring prices for commodities ranging from corn to cotton have fueled a sense of optimism for some farmers this growing season, but economists and land investors warn that the highs could be short-lived and that higher cash rents and production expenses could squeeze growers sooner than they expect.
An Agri-Pulse analysis shows that the Trump administration's Coronavirus Food Assistance Program payments were distributed more widely than traditional forms of government assistance although larger farms continue to receive the big share of the money.
Ag Secretary Tom Vilsack is meeting with climate advisers today as he moves ahead on what will be a top priority for his tenure. So far, he’s divulging little about the department’s plans or timetable for addressing the issue. But he does say USDA will be heavily focused on building a case for programs Congress could implement in the next farm bill, due in 2023.
Farm earnings are broadly expected to ease this year, although USDA's latest farm income forecast projects skyrocketing prices for key commodities will help offset a steep drop in government payments and increases in production costs.
Lawmakers have their focus on impeachment for now, but Democratic leaders are likely to try to pivot quickly over the next weeks as President-elect Joe Biden takes office. Climate policy as well as immigration and tax reform will be on the agenda for the Senate.
Measures of farm income this year will reach their highest levels since 2013 and 2014 on the surge in government aid through coronavirus relief and trade assistance, the Agriculture Department says.
