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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 28, 2024
Global demand requires that the world add more than 20 million acres to crop production over the next five years, agricultural economist Dan Basse told attendees of the American Seed Trade Association’s annual field crop convention in Orlando Wednesday.
The government could save taxpayers “hundreds of millions per year” by reducing crop insurance companies’ rate of return on the program in line with market conditions, according to the Government Accountability Office, the investigative arm of Congress.
The Agriculture Department's latest Farm Income Forecast projects net farm income will fall this year amid higher production expenses, lower cash receipts and declining direct government payments.
Leaders of U.S. agribusiness giants expect the farm economy to remain relatively strong through next year despite higher interest rates and softening commodity markets.
With action on a farm bill postponed to next year, the Senate Agriculture Committee turns to handling a pair of nominations, including a new undersecretary for rural development at the Agriculture Department.
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