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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, October 16, 2024
President Joe Biden is due to meet again today with House Speaker Kevin McCarthy, R-Calif., as they struggle to reach an agreement to increase the debt ceiling.
The House Appropriations Committee this week will takes up an unusually partisan funding bill for the USDA and FDA that highlights some major cuts to spending Republicans would like to make, even as President Joe Biden even as debt ceiling negotiations lurch toward a June deadline.
Deere and Co. doubled its operating profit from production agriculture in the latest quarter, expecting row-crop farmers to be “very profitable” this year and making money well into 2024 due to the historically strong commodity markets.
Republicans on the House Ag Appropriations Subcommittee on Thursday advanced a fiscal 2024 spending bill for USDA and FDA over Democratic accusations that it was a “sham proposal” that relied on funding rescissions that were unlikely to materialize in time.
Work requirements remain in play in the debt ceiling negotiations between the White House and House Speaker Kevin McCarthy, R-Calif. It’s still not clear which program might be affected, but President Biden has once again signaled that he might go along with some changes.
Former Rep. Charles W. Stenholm, a conservative Texas Democrat who was a leading architect of agricultural policy in the late 20th century, died suddenly Wednesday at his home in Granbury, Texas. He was 84.
House GOP appropriators proposed Wednesday to slash fiscal 2024 funding for USDA by one-third, in part by eliminating some climate-related funding, restricting Agriculture Secretary Tom Vilsack’s use of the Commodity Credit Corp. spending authority and expanding work requirements for the Supplemental Nutrition Assistance Program.
Congressional leaders are sounding some notes of optimism after a second meeting with President Biden over the debt ceiling. House Speaker Kevin McCarthy welcomed Biden’s decision to appoint administration officials to lead the negotiations from his side. “I think we set the stage to carry on further conversations,” McCarthy said.