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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 21, 2024
Two tax breaks that are widely used in agriculture are at stake as Republicans and Democrats renew what is likely to be a multi-year battle over tax policy.
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.
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