The House of Representatives passed the bipartisan infrastructure bill late Friday; the legislation had already passed the Senate in August, so the package will go to the President’s desk to be signed into law. The just passed bill includes several provisions of interest to agriculture:
$2 billion in appropriated money for the USDA Rural Development/Rural Utilities Service for rural broadband, and $65 billion overall for the Department of Commerce for broadband development with certain incentives for rural areas
$918 million for additional research initiatives at NIFA
$17 billion dedicated to ports and inland waterways upgrades and maintenance
The bill also includes some “regular order” reauthorization...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...