The Senate passed the farm bill late last Thursday night by a vote of 86-11 with bipartisan support. In fact, more Democrats than Republicans voted for it.
The bill included a number of amendments to the original draft that were adopted en bloc in both committee and on the floor. Among the provisions of interest to clients are the following:
The Grassley amendment limits payments from crop programs to single individuals who are “actively engaged in farming.” It sets the standard at actual physical work and would disallow those owners who provide investment capital or other management contributions to the farming entity. The Heitkamp amendment allows the Market Access Program (MAP) to be used for Cuba. It was modified to d...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
