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Balanced Reporting. Trusted Insights.
Monday, June 05, 2023
Congressional Republicans who opposed the Inflation Reduction Act, the main funding mechanism for President Joe Biden's climate policy, would like to move the IRA's funding for climate-related farming practices into the farm bill, which could permanently boost funding for conservation programs.
Increased confidence in the Fed may be leading more producers to expect interest rates to remain steady or decline compared to earlier in the year, according to the April Ag Economy Barometer reading.
The Senate Agriculture Committee will turn its focus to farm bill conservation programs this week, while House Republicans put the spotlight on the Biden administration’s “waters of the U.S.” rule and other regulatory issues.
House Agriculture Committee Chairman Glenn “GT” Thompson on Thursday announced the reorganization of subcommittees and named the six chairmen of the panels.
The Senate Agriculture Committee holds a long-awaited hearing this week on two more USDA nominees, including department’s undersecretary for trade, as Ag Secretary Tom Vilsack struggles to fill out his team 21 months into the administration.
As Congress advances a massive climate and energy reconciliation package, a senior Republican on the House Ag Committee says he's worried about the bill's long-term ramifications for the farm bill and other ag policy efforts.
The Democratic-controlled Senate on Sunday passed an historic package of financial incentives for cutting U.S. greenhouse gas emissions, including a dramatic increase in farm bill conservation programs aimed at spurring farmers to adopt climate-related farming practices.
The landmark climate deal Democrats hope will clear Congress in coming days would upend the coming debate over the next farm bill, satisfying demands for new conservation spending but leaving farm groups still scrambling to fund enhancements in commodity programs.
Senate Democrats don’t have a vote to spare this week as they try to pass their historic climate package, including more than $20 billion aimed at helping farmers adopt practices that reduce greenhouse emissions.
Lawmakers return to Capitol Hill this week as Democratic leaders are desperately trying to cobble together an agreement on a reconciliation bill that could fund President Joe Biden’s climate agenda.
