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
Sluggish exports continue to be the main theme in the grain markets with USDA cutting both old and new crop ending stocks. Arlan Suderman of StoneX Group says the bigger story moving forward might be soft corn demand.
National enrollment in ag and related science majors at two-year institutions grew 41% in Fall 2021. The Community College Ag Advancement Act aims to give these students more industry opportunities.
Senate Ag Chair Debbie Stabenow, (D-Mich.) says there will be no new funding for the 2023 farm bill. However, Stabenow stressed she will not allow a cut in conservation funding.
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.