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Shining Light on Farm & Food Policy for 20 Years.
Friday, August 02, 2024
Economists already were predicting that 2020 would be another tough year for the farm economy even before the COVID-19 pandemic hit and oil prices plunge. Now, a top farm economist who’s advising USDA says he expects the pandemic to have a “very large” impact on farm income.
Now that President Donald Trump has signed the historic $2 trillion economic relief package into law, work now turns to getting the money out as quickly as possible. “This doesn’t do anybody any good if it takes a long time,” Treasury Secretary Steven Mnuchin said on CBS Face the Nation on Sunday.
President Donald Trump signs into law a $2 trillion economic stimulus package that includes $23.5 billion in aid to farmers and ranchers as well as marketing loan relief.
The Agriculture Department is accepting 3.4 million acres into the land-idling Conservation Reserve Program following the first general signup in four years.
The $2 trillion Phase 3 stimulus package that passed the Senate late Wednesday night has a lot for ag, but not everyone thinks the sector is getting what will be needed for 2020. Starting with USDA.
Congressional leaders have reached agreement on a $2 trillion economic rescue package that would replenish the Agriculture Department’s Commodity Credit Corp. authority and earmark additional money for livestock and specialty crop producers as well as local agriculture.
A leading architect of the ag programs in the $2 trillion economic stimulus package says he expects USDA could use the funding it gets through the bill to provide several forms of relief to producers beyond a new Market Facilitation Program.
A deadline to appeal a ruling striking down waivers from the biofuel mandate came and went, and biofuel groups are cheering the fact that the Trump administration has not asked for a rehearing of the case.