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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, October 16, 2024
Senate Agriculture Committee Chairwoman Debbie Stabenow told farm groups Tuesday that costs for fertilizer and diesel fuel have dropped sharply since last year, undermining a key argument the organizations are making for increasing support rates in the major commodity programs.
House Ag Committee Chair Glenn Thompson tells Agri-Pulse he’s looking at several options for funding the next farm bill, including restrictions on the Commodity Credit Corp. and unspent pandemic relief assistance.
Brazil is finishing up the harvest of a record-breaking crop this year, and USDA’s Foreign Agricultural Service is now predicting the country’s farmers will plant an even bigger one for the 2023-24 marketing year.
A Senate Agriculture subcommittee holds two hearings on the farm bill this week, while House members plan to keep getting input on the the legislation while back in their home districts.
A key House Republican wants to reinstate a restriction on USDA’s use of its Commodity Credit Corp. Rep. Andy Harris, who chairs the House Ag Appropriations Subcommittee, claims Ag Secretary Tom Vilsack misused the CCC to fund the $3 billion Partnerships in Climate-Smart Commodities initiative.
The World Bank projects that agriculturalcommodity priceswill drop 7% this year and likely fall again in 2024, providing some relief from global food inflation.
Lawmakers have their work cut for them when it comes to figuring out how to satisfy all the row crop producers with a stake in the farm bill commodity title.
Groups representing producers of U.S. row crops are far from united on what Congress should do to improve commodity programs, even as the House and Senate Agriculture committees look to start writing a new farm bill in coming weeks.
House GOP leaders, struggling to shore up Republican support for their debt-ceiling bill, gave in and moved to preserve some, but not all, of the biofuel provisions that would be repealed or scaled back by the legislation.