Senate Ag Committee
A Senate Ag Committee hearing Thursday on the new farm bill raised a issue that is now evident: the Title 1 farm bill safety net can no longer deal with the current ag environment.
The Senate on Wednesday confirmed Alexis Taylor for Under Secretary of Agriculture for Trade and Foreign Agricultural Affairs. According to Taylor, her priorities include addressing export markets and food insecurity.
“For the next two years, I am intensely focused on… leading the passage of the next five-year Farm Bill, which determines our nation’s food and agriculture policies,” says Sen. Stabenow.
The Family Farmer and Rancher Tax Fairness Act would remove the tax liability for distressed farmers for the assistance provided in Sections 22006 and 22007 of the Inflation Reduction Act (IRA).
“We rely on the support of farm bill funding and programs to ensure continued U.S. leadership as the provider of the best seed to the world,” said Katy Rainey, Purdue associate professor, at the Senate Ag hearing.
Most now look for President Biden to increase his use of executive orders and regulations to fulfill some other goals, including those in the coming farm bill.
The Senate Ag Committee will hold a hearing this week on a revised bill that proposes to establish a regional mandatory minimum threshold for the percentage of cattle purchased under negotiated grid or pricing terms.
Senate leadership’s timeline for the BBB proposal is just before Christmas, according to Majority Leader Chuck Schumer. Centrist Sen. Joe Manchin is calling for a strategic pause for the vote, delaying it into 2022.
Cyber criminals struck the agricultural industry once more. This time, a dairy processing company in Wisconsin. Senators Grassley and Ernst take the Floor while Resilience’s Davis Hake talks insurance.
The Biden Administration’s proposed tax changes could be costly for family farms. That’s the takeaway from a new report done by Texas A&M University’s Agricultural Food Policy Center (AFPC).