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Balanced Reporting. Trusted Insights.
Sunday, October 01, 2023
House Republicans remain unable to agree on a continuing resolution to keep the government funded in October. Meanwhile, senators left town Thursday still unable to get agreement on bringing up a three-bill spending package that includes its version of the USDA-FDA bill.
The U.S. pork industry wants to see a return of the Generalized System of Preferences trade program, which expired in 2020, seeing it as key to gaining new access to markets in countries like Thailand and the Philippines.
Amid the budget turmoil on Capitol Hill, the House Budget Committee is set to consider a partisan, fiscal 2023 budget resolution today, a little more than a week before the end of the fiscal year.
USDA’s plan to spend $1.4 billion to pay for a new export promotion program will provide the increase in market development funding that commodity groups have been trying to get through the farm bill, says Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich.
The Department of Agriculture has agreed to use Commodity Credit Corporation funds to spend about $1.4 billion on a program to help farm groups market their commodities overseas and about $1.1 billion to pay for commodity-based international food aid, according to sources.
Farm groups have grown accustomed over the last few years to having more money to work with for promoting their products overseas, but that abundance could come to an end quickly.
Congress continues to move toward a showdown on federal spending this week. But first, the Senate is going to take up a package of three fiscal 2024 spending bills, including the measure to fund the Agriculture Department and Food and Drug Administration.
Prices for globally traded food commodities fell in August on declines in the cost of dairy products, vegetable oils and other products, reversing an increase the month before.
The Senate has kicked off its fall work period staring at a possible government shutdown – and continued uncertainty as to when a farm bill can get to the floor.
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