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Shining Light on Farm & Food Policy for 20 Years.
Thursday, October 17, 2024
Inflation remains at center stage during this election year, and congressional Democrats are preparing to move a series of bills they say will help target the issue.
Supermarket prices shot up a seasonally adjusted 1.4% in May, led by soaring costs for dairy products, and have risen 11.9% over the past 12 months, according to the latest Consumer Price Index.
Farm input costs are likely to remain at elevated levels well after commodity prices come off their historic highs, and farm bill programs could provide only limited help, economists warned lawmakers Thursday.
Ag groups are debating once again the idea of a permanent disaster aid program, but congressional budget rules and concerns about the crop insurance system are likely to make it as difficult as ever for lawmakers to agree on a proposal.
The House Agriculture Committee resumes its focus on the next farm bill this week, with hearings that will cover commodity programs, crop insurance and the Supplemental Nutrition Assistance Program.