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<p>Balanced Reporting. Trusted Insights.</p>
Wednesday, April 02, 2025
Agriculture Secretary Tom Vilsack says he’s fairly confident that Congress will succeed in either passing an extension to the 2018 farm bill or finish up work on a new one by the end of the year in order to avoid severe repercussions of doing nothing.
The House Appropriations Committee today will take up a fiscal 2023 funding bill for USDA and FDA that was delayed during the negotiations over the debt ceiling.
Economists have raised their forecast for farm income this year. As a result, farm earnings are expected to be about the same this year as last, despite sharp increases in production costs.
Lawmakers are still far from an agreement on spending for fiscal 2022 more than four months into the budget year. So, the House is going to take up yet another stopgap spending bill to keep the government funded through March 11.
The Biden administration is launching the application process for a $1 billion program that will test ways farms of all sizes can profit from the low-carbon commodities they produce through practices that cut greenhouse gas emissions.
The Senate on Tuesday voted to confirm Vilsack as the nation’s Secretary of Agriculture, giving the former Iowa governor another term at the helm of USDA.
