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Shining Light on Farm & Food Policy for 20 Years.
Saturday, October 19, 2024
A quarterly report submitted to the Farm Credit Administration shows growth in the Farm Credit System was slower at the beginning of this year compared to the last three, something economists attributed to rising interest rates and seasonal lending fluctuations.
Fresh off last week's debt ceiling bill and this week's extensive hearing on federal nutrition programs, discussion around the future of the Supplemental Nutrition Assistance Program is at the top of the agenda for many in farm policy.
House Republicans proposed a tax package Friday that would impose a new excise tax of up to 60% on purchases of U.S. farmland by China and other “countries of concern."
Weakening corn and soybean demand revealed in Friday’s USDA’s World Agricultural Supply and Demand Estimates could keep a lid on grain and oilseed prices.
U.S. soybean acreage has increased 18 percent – from 74 to 87 million - in the last twenty years. Soybean acreage grew at a faster rate than corn during the same period.
There has been a steep drop-off in detections of highly pathogenic avian influenza (HPAI) across the country compared to last year's peaks, but USDA officials and poultry industry groups have no plans to relax precautions.
As a result of the H-2A Department of Labor’s rising wage floor, U.S. fruit and vegetable growers find themselves again appealing for a bipartisan solution to the agricultural workforce shortage and temporary fix for the wage rate hikes.
The shipping delays that plagued railroad networks last year have improved amid increases in staffing, though Agriculture Secretary Tom Vilsack is calling for more action from the Surface Transportation Board to address what he calls “inadequate” and “unreliable” service from railroad companies.