The budget cuts domestic programs by $791 billion in the years 2016-2024, while it increases defense spending by $483 billion.
The House passed its version of the FY 2015 budget yesterday by a vote of 219-205, largely on party lines. No Democrat voted for the bill and six did not vote. All 219 yes votes came from Republicans, while 12 voted no with two not voting. The plan cuts federal spending by $5.1 trillion over 10 years without raising revenues.The budget cuts domestic programs by $791 billion in the years 2016-2024, while it increases defense spending by $483 billion. Both Medicare and the Supplemental Nutrition Assistance Program (SNAP) program would be turned into federal block grant programs for states to administer.As for agric...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
