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Balanced Reporting. Trusted Insights.
Tuesday, October 26, 2021
We’ve got some more detail on Democrats’ plans for using their huge Build Back Better bill to promote cover crops and other forms of climate-smart agriculture. Agri-Pulse obtained a draft amendment to the bill that authorizes the $28 billion in conservation funding.
The House is close to finishing work on a seven-bill package of fiscal 2022 spending measures needed to fund USDA, EPA and other departments and agencies important to agriculture.
USDA will be taking some action to curb the market power of equipment manufacturers and other agribusiness giants. But it’s not clear yet what kind of teeth there will be in what USDA does.
USDA officials tell Agri-Pulse they are working “amicably” with the Biden transition team, which is paving the way for the incoming administration next week. On the international front, the transition team has been pressing USDA for details on the impacts of the “phase one” trade deal with China.
Brazilian farmers planted more soybeans than ever this year, but it’s still unclear if the country will produce another record-breaking harvest in a drier-than-usual year with uncertain yields.
Roughly 30,000 metric tons of U.S. soybeans are set to arrive in the Paranagua port in southern Brazil Thursday, demonstrating just how much Brazil — the world’s largest soybean producing and exporting country — has over-exported its own large crop this year.
