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: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
