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Shining Light on Farm & Food Policy for 20 Years.
Friday, May 10, 2024
President-elect Joe Biden is out with a $1.9 trillion stimulus proposal that includes some significant new food assistance provisions, including an extension through the summer of the 15% increase in SNAP benefits provided by the COVID aid package enacted in December.
The new year got off to a big start for U.S. soybean trade, with sales and shipments to China totaling nearly 2 million metric tons for just the first week in January, according to the latest trade data.
Lawmakers can now turn their eyes toward next Wednesday when Joe Biden will be inaugurated as president after Donald Trump was impeached by the House for a second time. The Senate won’t take up the impeachment before Trump leaves office.
USDA officials tell Agri-Pulse they are working “amicably” with the Biden transition team, which is paving the way for the incoming administration next week. On the international front, the transition team has been pressing USDA for details on the impacts of the “phase one” trade deal with China.
American Farm Bureau Federation President Zippy Duvall kicked off the organization’s annual gathering by highlighting the organization’s efforts to build relationships with a host of new officials.
U.S. soybean export sales are unusually strong in January for both the current 2020-21 marketing year and the upcoming 2021-22 marketing year, boosted by China’s efforts to both feed its growing swine herd and replenish stocks.
For all of the historic turmoil at the U.S. Capitol Wednesday, President-elect Joe Biden is in a stronger position than ever as he prepares to take office. The Democratic sweep of the two Georgia runoffs gives Democrats control of an evenly divided Senate.
U.S. soybean future prices are on the rise amid continued Chinese demand and concerns of tight global supplies, putting markets in a “rationing” mode, according to a Cargill executive.
Hundreds of business leaders, including some in the ag industry, are calling on Congress not to delay confirming the results of November’s presidential election. Congress is set to meet today to count the electoral votes.
Farmers painted a slightly more optimistic picture of their expectations in December but still have a handful of policy concerns as the country prepares for a new administration and Congress.