Agriculture Policy News
From federal agencies to state governments, actions taken by elected officials and policymakers have a direct impact on America’s farmers and ranchers. Stay up-to-date on all things related to policy, including cabinet leadership, the farm bill, farmer-support programs, market access, environmental regulations, labor availability and the health of the ag economy.
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Latest Agriculture Policy News
USDA’s Ag Outlook Forum painted a brighter forecast for corn demand this year. While USDA does expect a 7% increase in production, the agency is also forecasting an increase in domestic use, as well as exports.
The Senate has scheduled a vote on Tom Vilsack’s nomination for Secretary of Agriculture on Feb. 23. In early February, the Senate Agriculture Committee unanimously approved President Biden’s pick to lead USDA.
Biden’s USTR nominee was a key player in the USMCA negotiations, and some think USMCA may be a template for future trade talks, including the possibility of rejoining the Trans-Pacific Partnership (TPP).
Ag groups are gearing up for a new fight over the so-called ‘Death Tax.”
Trade seems to be taking a back seat in Washington. From COVID-19 recovery to a focus on climate, other issues are taking priority in the new White House. That’s not stopping ag groups from pushing for key trade deals.
The net farm income story this year is far from over. Farmer Mac’s chief economist says history shows USDA’s initial look at net farm income is typically too low and this year may be no different.
As Congress continues to work on another COVID relief bill, a group of Democratic Senators this week introduced an amendment that would provide $5 billion in aid to farmers of color.
As the substantial demand looks to be rooted in a need for feed and food, corn purchases from China may not be over yet and could be on track to hit a new record. However, actual shipments are lagging.
The corn price momentum quickly faded on Tuesday as traders seemed disappointed by conservative adjustments to its corn import forecast for China.
A month after USDA releases its final production estimates, USDA’s February report typically doesn’t provide major revisions. With possible changes to corn demand, analysts say Tuesday’s report could be different.