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Balanced Reporting. Trusted Insights.
Saturday, June 10, 2023
House Speaker Kevin McCarthy meets with President Joe Biden this week as Republicans push for a deal pairing spending cuts with a debt ceiling increase, while the Congressional Budget Office will release new economic projections that could make it easier – or harder – for lawmakers to write a new farm bill.
The top Democrat on the House Agriculture Appropriations Subcommittee is defending Ag Secretary Tom Vilsack's usage of the Commodity Credit Corp. account and says Congress should "absolutely not" impose new restrictions.
Many farm groups are calling on Congress to mandate more funding for agricultural research, arguing that the U.S. is falling behind China and other countries. But a top House appropriator says that funding for research decisions should continue to be left to the discretion of the lawmakers who write the annual spending bills for USDA.
Community bankers are rallying around a proposal that would provide banks with tax exemptions on interest earned from agricultural real estate or home loans in communities whose populations are below 2,500.
A bipartisan measure being introduced today in the House and Senate would increase the number of technical service advisers available to help farmers take advantage of USDA conservation programs.
Most members of the House Agriculture Committee, and many on Senate Ag, face a steep learning curve on farm bill issues, which poses a challenge for ag groups as they try to shape the legislation in coming weeks.
Senate Agriculture Committee Chairwoman Debbie Stabenow told farm groups Tuesday that costs for fertilizer and diesel fuel have dropped sharply since last year, undermining a key argument the organizations are making for increasing support rates in the major commodity programs.
House Ag Committee Chair Glenn Thompson tells Agri-Pulse he’s looking at several options for funding the next farm bill, including restrictions on the Commodity Credit Corp. and unspent pandemic relief assistance.
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