The White House Office of Management and Budget on Friday completed its review of USDA’s plans to provide farmers with $16 billion in direct payments. That means USDA could announce signup for the Coronavirus Food Assistance Program any day.
President Donald Trump’s historic move to ensure meatpackers stay open is being cheered by producers who are facing a collapse in livestock prices and, in some cases, having to kill their animals. But the industry will be closely watched to see whether the action worsens the outbreaks that have killed at least 20 packing plant workers.
Now that President Donald Trump has signed the historic $2 trillion economic relief package into law, work now turns to getting the money out as quickly as possible. “This doesn’t do anybody any good if it takes a long time,” Treasury Secretary Steven Mnuchin said on CBS Face the Nation on Sunday.
As much as growers long for an end to the trade war with China, there are long-term threats to demand for corn, soybeans and other crops that could depress commodity prices for years to come and lead to calls for higher government spending, economists say.
Biofuel advocates may be fuming about the Environmental Protection Agency's recent actions granting small refinery exemptions to oil refineries, but they'd better check their rearview mirror. Electric vehicles may soon have policy in place to put them in the energy passing lane as climate talks in Congress move ahead.