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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, October 16, 2024
Pending Treasury Department rules for a new biofuels tax credit could determine whether farmers can earn significant new income from conservation practices and whether ethanol can qualify as a feedstock for sustainable aviation fuel, a potentially massive new market.
EPA Administrator Michael Regan faces the House Agriculture Committee this week, and the GOP-controlled House takes a largely symbolic vote to overturn President Joe Biden’s veto of a measure that would scrap the administration’s “waters of the U.S.” rule.
The administrator of USDA’s Farm Service Agency, Zach Ducheneaux, says USDA is rethinking the way it structures farm loans to lower the risk of default.
History is repeating itself in the legal battle over the “waters of the U.S.” rule. Just as in 2015, when courts issued repeated rulings blocking implementation of the Obama administration’s rule, courts have again acceded to requests from states and industry groups to enjoin the Biden administration’s rule.
Grocery prices dropped 0.3% in March, the first such decline since September 2020, as consumers benefitted from lower costs for a wide range of foods, including meat, dairy products, and fruits and vegetables.
Changes in foreign currency markets, combined with recent food inflation and foreign debt challenges, risk undermining the ability of many lower-income countries to feed themselves.
Senate Agriculture Committee staff are going through requests from 98 senators detailing what they want to see in the farm bill as the committee works to get a bill ready this year.
Commodity groups face some critical farm bill decisions in coming weeks that hinge on factors out of their control, including an updated forecast of farm program costs and uncertainty about the ongoing debt ceiling standoff between the White House and House Republicans.