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.
Watch the Latest Ag Policy Coverage from AgDay and U.S. Farm Report
Latest Agriculture Policy News
The Senate and House Ag committees are facing delays in drafting the next farm bill, and it is expected to be the most expensive farm bill to date, clocking in at around $1.5 trillion.
Mexico claims because it is self-sufficient in GMO corn for food, it has not violated any trade agreements. Given the firm stances of both countries, it appears this situation will lead to a USMCA dispute settlement.
“We don’t need to rewrite the entire farm bill,” Rep. Thompson (R-Pa.) says. “We’re comfortable with many parts of the 2018 bill and there aren’t many tweaks, instead things we need to protect and invest in.”
The U.S. Government could be looking to buy 47 million pounds of cheese for local food banks and schools, and one dairy analyst says it could be a game changer for dairy demand and milk prices.
China’s exports to Russia reached a record high in April, amounting to $9.6 billion.
“We can’t prioritize one natural resource concern over all others and we shouldn’t prioritize one solution above all others,” Rep. G.T. Thompson (R-Pa.) said.
Last week was full of both bullish and bearish news for the wheat market. Arlan Suderman of Stone X Group says there are still several things that could spark momentum in the wheat market.
Final blending levels under the Renewable Fuel Standard (RFS) are under review for 2023 and beyond. EPA is required to finalize the RFS levels by June 14, as per a consent agreement reached in court with Growth Energy.
“EPA is using decade-old analysis to measure the carbon intensity of ethanol, despite the Department of Energy’s updated data,” says Chris Bliley of Growth Energy. “This bill will ensure we capture the accuracy.”
The Ukraine Black Sea grain deal has been extended for two more months, one day before Russia could have quit the pact over obstacles to its grain and fertilizer exports.