The House Budget Committee yesterday passed the Sequester Replacement Reconciliation Act, which included budget reconciliation language reported by the House Ag Committee and five other House committees.A quick guide to the budget process lingo:
Reconciliation is a budgetary process where the Budget Committee requires a legislative committee to develop language to meet specified spending goals within a Congressional Budget Resolution. Sequester is an across-the-board cut to meet the requirements of the 2011 Budget Control Act package passed by Congress. If Congress does not meet a 10-year, $1.2 trillion reduction in the federal deficit through the normal budget process, then the $109 billion will be cut through sequester on 2 January...
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
Key Takeaways: Brazil’s growing role in global agriculture is accompanied by a major vulnerability: the country imports approximately 88 percent of its fertilizer needs. High natural gas costs and development challenges have limited domestic nitrogen and potash production despite Brazil&...
