If the Senate had taken up the farm bill as it had originally planned, then the farm bill would be marked up in Ag Committee by now. Indeed, the plan was to have a farm bill draft in Committee by the Easter Recess, but that didn't happen. The latest plan is to have the farm bill through the Senate Ag Committee and to the floor in April and May, and through the House Ag Committee and to the floor in May and June.Of course, the House-approved Budget Resolution has reconciliation instructions for the Ag Committee that must be reported out by 27 April, calling for the following deficit reduction targets:
FY 2012-13: $8.2 billion FY 2012-17: $19.7 billion FY 2012-22: $33.2 billion
While not the farm bill per se, this reconciliation langu...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
