The 2018 Farm Bill debate just got a jump start with the submission of the president’s budget plan that includes a number of related reform proposals.
Office of Management and Budget (OMB) Director Mick Mulvaney unveiled the Trump administration’s FY 2018 budget today. For agriculture, it includes $15.11 billion in programmatic cuts to USDA’s portfolio, another $2.99 in additional user fees, and $65.517 in cuts and fees for the Supplemental Nutrition Assistance Program (SNAP).Mandatory program cuts (outside of farm bill reforms) include the following with savings generated over FY 2018-22 noted:
Elimination of interest payments to electric and telecommunications utilities - $685 million Elimination of the Rural Econ...
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...
