The Trump Administration proposed another blow to the crop insurance industry in the president’s annual budget, but Senate Agriculture Committee Chairman Pat Roberts, R-Kans., made it clear that risk management tools should not be cut because they are crucial for both farmers and consumers.
President Donald Trump’s election-year budget proposes $1 trillion in infrastructure spending, including $25 billion earmarked for rural America, while reprising recommendations for slashing farm programs and nutrition assistance.
China’s commitments to dramatically increase its purchases of U.S. commodities have raised new questions for farmers as they face decisions about which farm bill program to enroll in and pencil out their finances and risk management for the year.
The House approved a pair of fiscal 2020 spending packages Tuesday that will provide a fresh infusion of disaster relief to farmers, extend the expired biodiesel credit to 2022 and bolster port inspections to protect U.S. agriculture for African swine fever and other threats.
In what is setting up to be an historic week, the House is poised to ratify the U.S.-Mexico-Canada Agreement after a bitter debate over the impeachment of President Donald Trump, and lawmakers also are rushing to pass legislation to fund the government for fiscal 2020.
Lawmakers are trying to wrap up deals this week on the U.S.-Mexico-Canada Agreement and fiscal 2020 government spending while the Trump administration faces a self-imposed deadline for getting a partial trade agreement with China.
Agriculture Department officials and some outside experts expect landowners to sign up for the land-idling Conservation Reserve Program in the largest numbers in at least a decade due to the slow farm economy.