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Shining Light on Farm & Food Policy for 20 Years.
Friday, March 29, 2024
The House of Representatives voted 369-42 Monday to approve the Senate’s version of the Ocean Shipping Reform Act in an effort to reduce bottlenecks at U.S. ports and improve conditions for agricultural exports. The overwhelming vote sends the legislation to the White House, where President Joe Biden says he will sign it.
The House is set today to clear the Senate-passed Ocean Shipping Reform Act, which empowers the Federal Maritime Commission to take steps to clear port bottlenecks and reduce shipping rates.
The USDA said Friday bumped up its forecast for U.S. soybean exports and dropped its prediction for ending stocks as Chinese demand remains strong and competition from Brazil is less than expected.
Inflation remains at center stage during this election year, and congressional Democrats are preparing to move a series of bills they say will help target the issue.
President Joe Biden intends to nominate Doug McKalip, a senior adviser to Agriculture Secretary Tom Vilsack, to be chief agricultural negotiator for the office of the U.S. Trade Representative.
Treasury Secretary Janet Yellen offered sharp criticism Wednesday of U.S. tariffs on Chinese goods, promising to “reconfigure” the import taxes even as her department continues a review.
A broad coalition of countries is making a last-minute push to change World Trade Organization rules and allow governments to increase farm subsidies and accumulate massive stocks of grain that can be dumped into the global market.