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Balanced Reporting. Trusted Insights.
Thursday, May 26, 2022
Senate Agriculture Chairwoman Debbie Stabenow is expressing optimism that the Senate will pass the Growing Climate Solutions Act today. But the Senate will first debate an amendment by Utah GOP Sen. Mike Lee that would weaken a critical provision of the legislation, which is intended to speed development of ag carbon markets.
President Joe Biden today is proposing a $1.8 billion package of spending on child nutrition and other social needs that would be paid for in part by new taxes on inherited assets. The president’s plan promises to protect family-run farms from the new taxes as long as the farms stay in operation.
President Donald Trump meets today in Washington with Mexican President Andrés Manuel López Obrador, popularly known as AMLO. The topics of conversation are likely to include biotech approvals and produce inspections, according to a former negotiator on the U.S.-Mexico-Canada trade agreement.
U.S. lawmakers and farm groups are cheering the Wednesday implementation of the U.S.-Mexico-Canada Agreement, but many remain wary because of complications that are already manifesting.
The WTO’s appellate body — key to resolving disputes among its 164 member nations — ceased to function about a month ago, indefinitely putting key cases on hold that the U.S. ag sector would like to see settled.
China has agreed to make significant policy changes to tear down non-tariff barriers to U.S. farm commodities under the trade deal expected to be signed early next year, according to industry sources who were briefed on the pact and government officials with knowledge of the briefing.
New disclosure requirements finalized by USDA for biotech foods will exempt products with inadvertent amounts of genetically ingredients as well as vegetable oils, sugar and other foods where the DNA of genetically engineered crops can’t be detected.
USDA, EPA and the Interior Department could all shut down at the end of this week unless lawmakers can reach a deal on President Trump’s funding demands for the border wall.
