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Shining Light on Farm & Food Policy for 20 Years.
Sunday, September 15, 2024
The official new estimates for farm bill costs do little to ease the funding squeeze facing lawmakers who want to increase reference prices for major commodities to reflect the higher input costs farmers are paying.
Meanwhile, the Congressional Budget Office forecast raises new questions about the future of conservation funding provided through the Inflation Reduction Act.
Congress is not in session this week, but the House and Senate Ag Committees will get some new marching orders from major farm and food groups when it comes to the next farm bill.
Leaders of the House Agriculture Committee have announced the rosters of its newly reorganized subcommittees, two of which will have equal party representation.
Deere and Co. said Friday its net income jumped 117% in the latest quarter compared to the same period a year earlier, and the farm equipment giant raised its earnings estimate for fiscal 2023.
The government could help farmers adapt to climate change by tying crop insurance premium subsidies or commodity program eligibility to the adoption of practices that can protect producers against drought, floods and other climate-related disasters, according to the Government Accountability Office.
The Congressional Budget Office is raising its cost estimate for the Supplemental Nutrition Assistance Program by $93 billion over the next 10 years, or about 8.4%, due in part to expected benefit recalculations authorized by the 2018 farm bill.
President Joe Biden intends to nominate Xochitl Torres Small to take over as deputy secretary at USDA to replace Jewel Bronaugh, who is stepping down from the position, the White House said Wednesday.