We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Privacy Terms and Cookie Policy
Balanced Reporting. Trusted Insights.
Monday, March 20, 2023
Economists have raised their forecast for farm income this year. As a result, farm earnings are expected to be about the same this year as last, despite sharp increases in production costs.
Lawmakers are still far from an agreement on spending for fiscal 2022 more than four months into the budget year. So, the House is going to take up yet another stopgap spending bill to keep the government funded through March 11.
The Biden administration is launching the application process for a $1 billion program that will test ways farms of all sizes can profit from the low-carbon commodities they produce through practices that cut greenhouse gas emissions.
The Senate on Tuesday voted to confirm Vilsack as the nation’s Secretary of Agriculture, giving the former Iowa governor another term at the helm of USDA.
USDA’s top climate adviser is trying to dispel concerns that the administration’s carbon spending will crowd out private investors. That’s a concern shared by some entities that are building private carbon credit markets.
The Senate Agriculture Committee is expanding its membership with three new Democrats, who could give the committee a push to the left on some issues, including climate policy.
President-elect Joe Biden’s commitment to addressing climate change and the food and ag industry’s progress in coalescing on ag carbon proposals are increasing the chances that farmers could see new income streams developing through private markets and USDA programs.