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Balanced Reporting. Trusted Insights.
Monday, March 27, 2023
Key senators are seeking to waive rules that sharply increase the cost of shipping U.S. food assistance overseas at the same time anti-hunger groups are set to call for far more aid than the Biden administration has requested so far to address the developing global food crisis.
Economists have raised their forecast for farm income this year. As a result, farm earnings are expected to be about the same this year as last, despite sharp increases in production costs.
President Joe Biden's $33 billion supplemental funding request for the war in Ukraine includes $500 million to encourage U.S. farmers to increase production of crops such as soybeans and wheat.
The Senate Appropriations Committee released draft fiscal 2021 bills that would provide additional increases for rural broadband and other priorities while offering less than House Democrats for EPA and other regulatory agencies.
Donors in the fight against hunger would need to spend an additional $14 billion on average each year between now and 2030 to help end hunger, an amount that is roughly double the current investment.
A House spending bill for the Agriculture Department would provide another $1.1 billion for rural broadband in fiscal 2021, a $435-million increase more than Congress provided for this year.
The number of people facing hunger is on the rise around the world because of the global COVID-19 crisis, and humanitarian organizations and farm groups are pushing for the Trump administration to boost donations of rice, wheat and other commodities.
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.