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Budget & Financing

Budget & Financing

Set Alert for Budget and Financing

Day ahead – Dec. 13, 2019: Trade, spending developments, Hahn vote, Hemp rule comments

Reports Thursday (Dec. 12) signaled major progress in US-China talks and on a Fiscal Year (FY) 2020 spending agreement. Meanwhile, the Senate approved Stephen Hahn’s nomination to lead the Food and Drug Administration (FDA) and the American Farm Bureau Federation called for more time to comment on USDA’s hemp production rule.

US Agricultural Policy US Food Policy

Day ahead – Dec. 12, 2019: FY 2020 spending, Interest rates, FDA feedlot bill

Attention remains on a potential Fiscal Year (FY) 2020 spending agreement between the White House and Congress. Meanwhile, expectations that the Federal Reserve will not hike rates in 2020 could be a boost for farmers and Rep. Rosa DeLauro (D-Conn.) introduced a bill to give the Food and Drug Administration (FDA) authority to investigate feedlots during foodborne illness outbreaks.

US Agricultural Policy US Food Policy

Ag credit conditions stable but challenges continue, lenders tell lawmakers

Ag credit conditions are stable overall, but weather, trade turbulence and complicated issues arising from disaster aid and even uncertainty over hemp regulations are all factors weighing on ag lenders, bankers told the House Agriculture Subcommittee on Commodity Exchanges, Energy and Credit Dec. 11.

US Agricultural Policy Economy and Finance

USDA extends signup deadline for DMC, MFP 2

Signup deadlines for the Dairy Margin Coverage (DMC) and the 2019 Market Facilitation Program (MFP 2) have been extended to Dec. 20, USDA announced today. 

US Agricultural Policy Farm Policy & Programs

Day ahead – Dec. 11, 2019: China tariffs, Grassley on RFS, Dietary supplements ruling

Whether new US tariffs will take effect on China Dec. 15 continues to be a focal point as trade negotiations continue. Meanwhile, Sen. Chuck Grassley (R-Iowa) continues to believe EPA will live up to its commitments on Renewable Fuel Standard (RFS) mandates and a dietary supplement trade group welcomed a favorable decision by the Supreme Court.

US Agricultural Policy US Food Policy

Day ahead – Dec. 9, 2019: US-China negotiations, EPA RFS plan, Animal housing

Chinese officials continue to voice optimism about the prospects for a US-China trade deal. Meanwhile, EPA’s final rule for 2020 biofuel and 2021 biodiesel levels and its plan to account for small refinery exemptions (SREs) arrived at the Office of Management and Budget (OMB) for review and US ag groups are mounting a legal challenge to California’s new animal housing standards.

US Agricultural Policy US Food Policy
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Economy & Finance

Set Alert for Economy and Finance

US and China reach Phase One trade deal, Dec. 15 tariff hike called off: UPDATED

The US and China today have confirmed that they have reached agreement on Phase One of a trade deal between the two countries. However, there are still several unknowns at this point in the process.

US Agricultural Policy US Food Policy

Day ahead – Dec. 13, 2019: Trade, spending developments, Hahn vote, Hemp rule comments

Reports Thursday (Dec. 12) signaled major progress in US-China talks and on a Fiscal Year (FY) 2020 spending agreement. Meanwhile, the Senate approved Stephen Hahn’s nomination to lead the Food and Drug Administration (FDA) and the American Farm Bureau Federation called for more time to comment on USDA’s hemp production rule.

US Agricultural Policy US Food Policy

Ag labor bill clears House but path forward uncertain at best

An ag labor reform bill authored by Rep. Zoe Lofgren (D-Calif.) cleared the House Wednesday (Dec. 11), but without changes, it likely faces an uphill climb towards passage in the Senate and lacks the support of many conservatives and one major US ag group.

US Agricultural Policy Farm Policy & Programs

Day ahead – Dec. 12, 2019: FY 2020 spending, Interest rates, FDA feedlot bill

Attention remains on a potential Fiscal Year (FY) 2020 spending agreement between the White House and Congress. Meanwhile, expectations that the Federal Reserve will not hike rates in 2020 could be a boost for farmers and Rep. Rosa DeLauro (D-Conn.) introduced a bill to give the Food and Drug Administration (FDA) authority to investigate feedlots during foodborne illness outbreaks.

US Agricultural Policy US Food Policy

Ag credit conditions stable but challenges continue, lenders tell lawmakers

Ag credit conditions are stable overall, but weather, trade turbulence and complicated issues arising from disaster aid and even uncertainty over hemp regulations are all factors weighing on ag lenders, bankers told the House Agriculture Subcommittee on Commodity Exchanges, Energy and Credit Dec. 11.

US Agricultural Policy Economy and Finance

USDA extends signup deadline for DMC, MFP 2

Signup deadlines for the Dairy Margin Coverage (DMC) and the 2019 Market Facilitation Program (MFP 2) have been extended to Dec. 20, USDA announced today. 

US Agricultural Policy Farm Policy & Programs
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Tax Policy

Set Alert for Tax Policy

Ag credit conditions stable but challenges continue, lenders tell lawmakers

Ag credit conditions are stable overall, but weather, trade turbulence and complicated issues arising from disaster aid and even uncertainty over hemp regulations are all factors weighing on ag lenders, bankers told the House Agriculture Subcommittee on Commodity Exchanges, Energy and Credit Dec. 11.

US Agricultural Policy Economy and Finance

US Washington week: Congress returns with familiar to-do list

The House and Senate return from the Thanksgiving break this week.

US Agricultural Policy US Food Policy

France and EU vow to retaliate against US tariffs on champagne and cheese

The European Commission has said the EU will “act as one” if the US follows up on its threat to impose new tariffs on French agri-food products.

EU United States
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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

Ag credit conditions stable but challenges continue, lenders tell lawmakers

Ag credit conditions are stable overall, but weather, trade turbulence and complicated issues arising from disaster aid and even uncertainty over hemp regulations are all factors weighing on ag lenders, bankers told the House Agriculture Subcommittee on Commodity Exchanges, Energy and Credit Dec. 11.

US Agricultural Policy Economy and Finance

Government payments key contributor to rise in 2019 farm income forecast

US net farm income is now forecast at $92.5 billion for 2019, up $8.5 billion (10.2 percent) from the 2018 level, according to USDA’s November 2019 Farm Income Forecast.

US Agricultural Policy Farm Incomes

Ag groups tout House bill updating estate tax treatment of farmland

Estate tax provisions related to the valuation of farmland would be revamped under new House legislation, with ag groups lauding the effort.

US Agricultural Policy Tax Policy
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Compliance & Enforcement

Set Alert for Compliance and Enforcement

US and China reach Phase One trade deal, Dec. 15 tariff hike called off: UPDATED

The US and China today have confirmed that they have reached agreement on Phase One of a trade deal between the two countries. However, there are still several unknowns at this point in the process.

US Agricultural Policy US Food Policy

Court blocks Arkansas law restricting label claims on meat alternatives

Plant-based meat advocates have prevailed in their bid to block Arkansas from enforcing a state law that bars use of traditional “meat” terms like “hot dogs” and “burgers” on meatless products.

US Food Policy US Agricultural Policy

Day ahead – Dec. 13, 2019: Trade, spending developments, Hahn vote, Hemp rule comments

Reports Thursday (Dec. 12) signaled major progress in US-China talks and on a Fiscal Year (FY) 2020 spending agreement. Meanwhile, the Senate approved Stephen Hahn’s nomination to lead the Food and Drug Administration (FDA) and the American Farm Bureau Federation called for more time to comment on USDA’s hemp production rule.

US Agricultural Policy US Food Policy
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