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Shining Light on Farm & Food Policy for 20 Years.
Sunday, October 20, 2024
Congress kicks off its lame duck session this week with control of the House for the next two years still undecided, and GOP Leader Kevin McCarthy still trying to shore up votes to be speaker, if Republicans take over the chamber.
Several Democrats on the House Agriculture Committee whom Republicans had targeted for defeat won re-election instead, helping stem the massive mid-term losses that first-term presidents have traditionally faced. Meanwhile, Senate control remained up in the air after Democrats flipped a seat in Pennsylvania.
Agricultural lenders are bracing for declines in farm profitability next year amid the looming threat of a recession, but some believe strong commodity prices could help ease some of the potential pain producers experience.
Former House Ag Chair Collin Peterson says the U.S. is “going to have to ride out this volatility” in the global grain markets as traders seek to get a handle on the path forward for trade in the Black Sea region.
The upcoming election could further shrink Democratic representation of rural areas in the House of Representatives, making it more difficult for agriculture advocates and the pesticide industry to find lawmakers who can get federal regulators’ attention.
A contingent of Republicans from the prairie pothole region want to prohibit federal agencies from entering into permanent conservation easement agreements with landowners, putting an expiration date on contracts that otherwise would last forever.
A measurement of the sentiment in farm country dropped for the second straight month as concerns about slipping prices emerge among the already-potent worries about the input costs producers will face in 2023.
Agriculture Secretary Tom Vilsack on Friday dismissed a dire forecast of Mexico slashing corn imports from the U.S. because of a scheduled Mexican ban on genetically modified corn.