The Biden administration’s plans to invest more than $1 billion in the meat sector rolled out on Monday can be expected to invest in several different types of facilities and include provisions to keep subsidized facilities from falling into the hands of major meatpackers.
Agri-Pulse readers kept a keen eye on a whole host of developments throughout the year, but none more so than the fresh faces of a new administration and Capitol Hill’s attempts to pass legislation to inject new funds into farm country.
Global demand for grain and protein is expected to remain strong going into 2022, according to several ag economists. But there are several challenges ahead including inflation, skyrocketing input prices, supply chain disruptions and uncertainty over agricultural trade.
Conservation groups and the Biden administration are betting big that the promise of direct payments to farmers will supercharge their interest in cover crops, a practice relatively few have tried despite documented benefits to soil health, greenhouse emissions and water quality.
Some $80 billion in climate-related agriculture funding hangs in the balance as President Joe Biden and congressional Democrats try to save at least part of his $1.7 trillion Build Back Better spending package.
Congressional Democrats are punting the next battle over the debt limit until after the 2022 elections, checking off a key item on their long December to-do list, but chances for moving their Build Back Better bill through the Senate are looking less likely.