Items Tagged with 'Inflation Reduction Act'

Republicans on the House Agriculture Committee are proposing to raise Price Loss Coverage reference prices by 10% to 20% depending on the commodity, while also providing increased income protection to growers under the Agriculture Risk Coverage program and crop insurance, according to a section-by-section summary released Friday.

House Agriculture Committee Democrats have offered a counter proposal on the farm bill that suggests using USDA’s Commodity Credit Corporation funding authority to shore up commodity programs and crop insurance, according to a summary of the proposal obtained by Agri-Pulse.

The Biden administration is expected to announce key updates this week to its carbon-intensity scoring for sustainable aviation fuel this week, while lawmakers are struggling to break a partisan impasse over a new farm bill that Republicans are determined to move through the House Ag Committee in May.

Republicans on the House Agriculture Committee are offering to advance some Democratic policy priorities on issues ranging from nutrition assistance to rural community aid in a bid to win bipartisan support for a new farm bill.

House Agriculture Committee Chairman Glenn “GT” Thompson said Tuesday night he plans to move a bipartisan farm bill through the panel next month and that he has identified a way to pay for changes to commodity programs that have been sought by ag groups.