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Budget & Financing

Budget & Financing

Set Alert for Budget and Financing

Day ahead – Oct. 18, 2019: USMCA process, International starch group, Organic program

House Ways and Means Chairman Richard Neal (D-Mass.) was upbeat about Mexico’s efforts to implement the US-Mexico-Canada Agreement (USMCA). Meanwhile, the Corn Refiners Association (CFA) joined counterparts in other countries to form a new international starch group and USDA proposed multiple additions to the organic program's list of allowed and prohibited substances.

US Agricultural Policy US Food Policy

Senate Ag members press Censky over biofuels, CRP, cattle probe, more

Implementation of new 2018 Farm Bill provisions and programs, the Trump administration’s plan to boost biofuel usage and USDA’s ongoing cattle market investigation were among the topics Senate Agriculture Committee members pressed USDA Deputy Secretary Steve Censky on during a hearing Thursday (October 17).

US Agricultural Policy Farm Bill

Day ahead – Oct. 17, 2019: Disaster aid, NASS resurvey, Western Growers leadership

Disaster aid payments should begin flowing to farmers this week, according to USDA Secretary Sonny Perdue. Meanwhile, USDA’s National Agricultural Statistics Service (NASS) said it will have to resurvey corn and soybean harvested acreage in North Dakota and Minnesota due to recent snow and Western Growers announced Executive Vice President Dave Puglia has been tapped as the group’s next leader.

US Agricultural Policy US Food Policy

Day ahead – Oct. 16, 2019: US-China deal, China farm prices, RFS timeline

Focus remains on Chinese purchases of US ag goods included in the “phase one” US-China trade deal reached late last week. Meanwhile, China’s farm produce prices continue to rise and the Environmental Protection Agency (EPA) is likely to miss a November 30 deadline for finalizing 2020 biofuels and 2021 biodiesel volumes.

US Agricultural Policy US Food Policy

ARC, PLC enrollment now open for 2020 crop year

Enrollment in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) farm safety net programs is now open for the 2020 crop year and producers are currently receiving payments triggered for the 2018 crop year, USDA’s Farm Service Agency (FSA) announced today (October 15).

US Agricultural Policy Farm Bill

Day ahead – Oct. 15, 2019: Mnuchin on US-China deal, USMCA, RFS volumes

Treasury Secretary Steven Mnuchin struck a positive tone on the US-China trade accord. Meanwhile, Mexican President Andres Manuel Lopez Obrador urged House Speaker Nancy Pelosi (D-Calif.) to accelerate a ratification vote for the US-Mexico-Canada Agreement (USMCA) and updated 2020 biofuel and 2021 biodiesel Renewable Fuel Standard (RFS) volumes remain under review at the Office of Management and Budget (OMB).

US Agricultural Policy US Food Policy
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Economy & Finance

Set Alert for Economy and Finance

SE Asia trade mission sales commitments ‘probably third largest’ ever: USDA’s McKinney

Results from this week USDA-led ag trade mission to Southeast Asia are promising and it could prove to be one of the largest ever missions in terms of sales commitments, USDA Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney told reporters today (October 18).

US Agricultural Policy USDA

USDA’s McKinney pressed over timeline for China ag purchases

The focus on the inclusion of a commitment by China to purchase $40 billion to $50 billion in US ag goods as part of the phase one trade deal announced at the White House October 11 continues, with reporters pressing USDA Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney on the topic during a press call today (October 18).

US Agricultural Policy Trade Agreements

Day ahead – Oct. 18, 2019: USMCA process, International starch group, Organic program

House Ways and Means Chairman Richard Neal (D-Mass.) was upbeat about Mexico’s efforts to implement the US-Mexico-Canada Agreement (USMCA). Meanwhile, the Corn Refiners Association (CFA) joined counterparts in other countries to form a new international starch group and USDA proposed multiple additions to the organic program's list of allowed and prohibited substances.

US Agricultural Policy US Food Policy

Production of imitation Italian cheese overtakes originals, Italian farmers report

Global production of non-original Parmigiano Reggiano and Grana Padano cheeses has surpassed the production volume of Italian originals thanks to the spread of imitations across all continents.

European Food Law US Food Policy

Appellate Body ‘inevitably’ headed for hiatus: WTO facilitator

A hiatus in the functioning of the World Trade Organization’s (WTO) Appellate Body – a cornerstone of its dispute settlement process – is inevitable, Ambassador David Walker of New Zealand told WTO’s General Council, and the US rejected his proposal aimed at addressing US concerns to break an impasse on the appointment of new judges to the body.

US Agricultural Policy European Agricultural Policy

Day ahead – Oct. 17, 2019: Disaster aid, NASS resurvey, Western Growers leadership

Disaster aid payments should begin flowing to farmers this week, according to USDA Secretary Sonny Perdue. Meanwhile, USDA’s National Agricultural Statistics Service (NASS) said it will have to resurvey corn and soybean harvested acreage in North Dakota and Minnesota due to recent snow and Western Growers announced Executive Vice President Dave Puglia has been tapped as the group’s next leader.

US Agricultural Policy US Food Policy
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Tax Policy

Set Alert for Tax Policy

US Washington week: Details on Trump biofuels plan expected to be unveiled

House, Senate lawmakers continue on recess until September 9.

US Agricultural Policy US Food Policy

Farm Bureau keeps up pressure on ag-related tax issues

Expired and expiring tax credits, known as "tax extenders," and repeal of the Health Insurance Tax (HIT), continue to be policy priorities, the American Farm Bureau Federation stressed in letters to Senate Finance Committee members.

US Agricultural Policy Tax Policy

Day ahead – June 21, 2019: US fines shippers for evading China tariffs

The US Department of Homeland Security fined several shipping companies for evading tariffs on China. Meanwhile, Senate Fiscal Year (FY) 2020 spending bills do not include a pay raise for Congress and a House panel approved a bill that would renew lapsed tax incentives, including the biodiesel tax credit.

US Agricultural Policy US Food Policy
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Estate Taxes

Set Alert for Estate Taxes

House Republican tax plan has lots of trade offs

The tax reform package presented by House Republicans (HR 1) – the Tax Cuts and Jobs Act – will be marked by up the House Ways & Means Committee starting November 6, and has provisions that US agricultural and business interests find positive but also some areas they feel are absent from the package.

US Agricultural Policy Tax Reform

US day ahead - September 27, 2017: Tax reform concepts coming today

Attention will be on tax reform framework ideas that are coming from Republican lawmakers on the Hill and from President Donald Trump in an appearance in Indiana. Grain and soybean futures are lower as harvest-related pressure continues to build for corn and soybeans. A proposal to provide aid to cotton producers is moving through the process at USDA and environmental groups are pushing for more focus on conservation compliance.

US Agricultural Policy Tax Reform

Governor to sign Delaware estate tax repeal

Governor to sign Delaware estate tax repeal

US Agricultural Policy Tax Policy
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Land Prices

Set Alert for Land Prices

USDA boosts 2019 farm income forecast

US net farm income is forecast to increase $4.0 billion (4.8%) to $88.0 billion in 2019, according to USDA's Economic Research Service. Net income in 2018 rose $6.3 billion, the agency said, marking a reversal from earlier forecasts and showing year-over-year declines.

US Agricultural Policy Farm Incomes

Day ahead – August 16, 2019: Weekend could be key in US-China situation

Developments this weekend could prove pivotal for the trajectory of the US-China trade situation. Meanwhile, a Chicago Fed survey revealed a drop in farmland values and the Food and Drug Administration (FDA) provided new guidance to help food companies comply with nutrition labeling changes.

US Agricultural Policy US Food Policy

Indonesia’s ban on forest clearance made permanent

Indonesia’s moratorium on new forest clearance - first introduced in 2011 and repeatedly extended - has been made permanent.

Environment and Conservation Political
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Compliance & Enforcement

Set Alert for Compliance and Enforcement

USDA’s McKinney pressed over timeline for China ag purchases

The focus on the inclusion of a commitment by China to purchase $40 billion to $50 billion in US ag goods as part of the phase one trade deal announced at the White House October 11 continues, with reporters pressing USDA Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney on the topic during a press call today (October 18).

US Agricultural Policy Trade Agreements

Day ahead – Oct. 18, 2019: USMCA process, International starch group, Organic program

House Ways and Means Chairman Richard Neal (D-Mass.) was upbeat about Mexico’s efforts to implement the US-Mexico-Canada Agreement (USMCA). Meanwhile, the Corn Refiners Association (CFA) joined counterparts in other countries to form a new international starch group and USDA proposed multiple additions to the organic program's list of allowed and prohibited substances.

US Agricultural Policy US Food Policy

Senate Ag members press Censky over biofuels, CRP, cattle probe, more

Implementation of new 2018 Farm Bill provisions and programs, the Trump administration’s plan to boost biofuel usage and USDA’s ongoing cattle market investigation were among the topics Senate Agriculture Committee members pressed USDA Deputy Secretary Steve Censky on during a hearing Thursday (October 17).

US Agricultural Policy Farm Bill
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