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Shining Light on Farm & Food Policy for 20 Years.
Monday, May 20, 2024
A compromise farm bill ready for final congressional votes melds a variety of Senate and House improvements to the major commodity programs, boosts spending on several major conservation programs while also creating a new $30 million a year program to fight animal diseases.
Lawmakers seek to move their long-awaited farm bill this week, and the Trump administration is set to release a new “waters of the U.S.” rule that would remove ephemeral streams and many wetlands from federal jurisdiction.
President Donald Trump and the White House have been making some big promises about China coming back into the market to purchase U.S. farm commodities, but the details over which products, how much, and when this will happen remain murky beyond descriptive terms like “massive amounts” and “immediately.”
National Economic Council Director Larry Kudlow said Monday he expects China to drop its retaliatory tariffs on U.S. ag commodities very soon in order to boost imports, as promised.
The White House announced Saturday night that China has agreed to “start purchasing agricultural products from our farmers immediately” after a dinner meeting between President Donald Trump, Chinese President Xi Jinping and high-level officials on both sides.
For many grain elevators in the Dakotas and surrounding states, the soybean superhighway sending the oilseed to export markets via the Pacific Northwest might as well be a cul-de-sac.
It won't go down as one of the best-attended events at the recent National FFA Convention, but it just might prove to be one of the most relevant meetings to the current farm policy climate.
