The 2018 Farm Bill debate just got a jump start with the submission of the president’s budget plan that includes a number of related reform proposals.
Office of Management and Budget (OMB) Director Mick Mulvaney unveiled the Trump administration’s FY 2018 budget today. For agriculture, it includes $15.11 billion in programmatic cuts to USDA’s portfolio, another $2.99 in additional user fees, and $65.517 in cuts and fees for the Supplemental Nutrition Assistance Program (SNAP).Mandatory program cuts (outside of farm bill reforms) include the following with savings generated over FY 2018-22 noted:
Elimination of interest payments to electric and telecommunications utilities - $685 million Elimination of the Rural Econ...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
