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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 28, 2024
The House Ways and Means Committee advances a bipartisan agreement to expand the child tax credit while boosting two tax breaks that are widely used in agriculture.
Senate Agriculture Committee Chairwoman Debbie Stabenow is circulating some ideas for farm program reforms that include an increase in effective reference prices that would benefit all commodities, plus an unspecified improvement in marketing loans.
Former President Donald Trump ran up his historic margin in the Iowa caucuses by maintaining his dominance with rural voters despite his challengers’ pledges to expand biofuel usage and roll back the Biden administration’s regulatory agenda.
Two of the country’s largest agricultural cooperatives say they are exploring ways to “further collaborate to better serve owners, customers and the cooperative system into the future.”
A bipartisan deal between leaders of the House and Senate tax-writing committees would raise limits on the Section 179 expensing provision that is popular with farmers, and the agreement also would restore a bonus depreciation provision to 100%.
The Department of Agriculture’s annual Crop Production report surprised traders with increases to the 2023 corn and soybean yield, pulling prices for both commodities lower in what could be the start of a longer trend.
Grocery prices rose just 0.1% in December for the second month in a row and are up 1.3% year over year as food inflation continues to moderate, according to the latest Consumer Price Index.
While some farmers are likely to see negative net cash farm incomes this year, many should have cash reserves from strong recent years to help carry them forward, a top ag economist says.
Farmers believe the nation is on the wrong track, and a strong plurality support electing Donald Trump to another term as president, according to a poll commissioned by Agri-Pulse of producers across the country.
Foreign holdings of U.S. land rose by 3.4 million acres in 2022, with 45% of the growth occurring in Colorado, Alabama, and Michigan, according to a new Agriculture Department report. These holdings, however, represent only a small share of the nation’s overall farmland.
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