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Shining Light on Farm & Food Policy for 20 Years.
Friday, July 12, 2024
Spending for USDA and FDA would be increased by 3% in fiscal 2025 under a bill advanced by the Senate Appropriations Committee on Thursday, drawing a sharp contrast with the House GOP version of the measure.
The Environmental Protection Agency says it likely won’t finalize the biofuel usage mandates for 2026 until the end of next year, which is discouraging news for a sector that blames the existing renewable volume obligations for the collapse in credit prices that has hammered many producers.
The Republican Party’s 2024 platform, led by former President Donald Trump’s campaign, calls for revoking China’s trade status, reiterates his proposal for across-the-board tariffs on imported products, and recommends making the 2017 tax cuts permanent.
Lawmakers return to Washington to try to focus on fiscal 2025 spending bills even as Democrats face an ongoing debate about whether President Joe Biden should end his re-election bid.
The UN Food and Agriculture Organization’s broad measure of global food commodity prices was unchanged in June, although vegetable oil prices rose 3.1%, driven in part by strong biofuel demand.
Both dairy producers and processors scored wins in a long-awaited proposal USDA to overhaul federal milk pricing in line with changes in industry practices and market conditions.
USDA is out with its proposed reforms to federal dairy pricing. The proposals still must be ratified by producers, but the National Milk Producers Federation won some key changes, most notably in how Class 1, or fluid milk, is priced.