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Shining Light on Farm & Food Policy for 20 Years.
Sunday, September 15, 2024
The Agriculture Department is poised to pour nearly $20 billion into expanding climate-related farming practices and another $500 million into biofuel infrastructure, under a historic funding package the Democratic-controlled House cleared Friday to slash U.S. greenhouse gas emissions.
The White House is no doubt glad to see the Consumer Price Index stay unchanged for July. But there is little good news in the latest data for supermarket prices.
Grocery prices jumped another 1.3% in July, led by continued increases for dairy products, baked goods and other items, and are up 13.1% over the past year, the largest increase in supermarket costs in more than 43 years.
More than a year after courts forced the Agriculture Department to shut down a debt forgiveness program for minority farmers, Congress is set to give USDA wide open authority to aid borrowers of all races while providing additional aid to victims of past discrimination.
Tyson Foods, one of the four big meat processors that’s been the target of critics in the White House and Capitol Hill, says it’s beef business is softening as cost-conscious consumers turn to other meats.
The Democratic-controlled Senate on Sunday passed an historic package of financial incentives for cutting U.S. greenhouse gas emissions, including a dramatic increase in farm bill conservation programs aimed at spurring farmers to adopt climate-related farming practices.
A revised climate funding package Democrats are pushing through the Senate this weekend scraps a debt relief program for minority farmers that was blocked by the courts and replaces it with new programs earmarked for “distressed” USDA borrowers as well as farmers the department has discriminated against.