The U.S. Senate and House moved quickly Friday to pass a budget deal that includes assistance for cotton and dairy farmers, following a brief government shutdown. President Donald J. Trump signed the bill into law this morning. The Alabama Farmers Federation’s Mitt Walker said the bill will provide a cushion for producers, which is critical because of dim market outlooks. …
Farm Disaster Relief on the Way After Irma’s Devastation
State lawmakers continue to craft tax relief for Florida’s storm-battered citrus industry, as President Donald Trump signed off Friday on billions of dollars in much-anticipated federal disaster relief. A spending bill approved by Congress and Trump includes nearly $90 billion for disaster relief, with $2.36 billion aimed at assisting the agriculture industry for losses from Hurricane Irma in Florida, Hurricane …
Farm Bureau Asks Court to Block Obama WOTUS Rule
The American Farm Bureau Federation, the Texas Farm Bureau and other members of a broad industry and agricultural coalition have asked a federal district court in Texas to issue a nationwide stay blocking the Obama administration’s illegal 2015 “Waters of the U.S.” rule from taking effect on farms and ranches across the nation. The race to the courthouse follows the …
Two-year Budget Deal Key for Agriculture
The two-year budget deal passed by Congressional leaders is key for agriculture, including farm program fixes, disaster aid and tax break extenders. American Farm Bureau budget adviser, RJ Karney, looks at some of the key program fixes needed to write the next farm bill. Two-year Budget Deal Key for Agriculture-1 Karney says AFBF and Ag Committee leaders were also behind …
NCC: New Cotton Policy Gives Much Needed Boost
The National Cotton Council (NCC) greatly appreciates Congress’ passage of a supplemental disaster bill that includes critically needed policy that restores eligibility for cotton in the Title I Agriculture Risk Coverage and Price Loss Coverage programs of the farm bill. The legislation also includes important agricultural disaster assistance, as well as additional support to dairy producers. “This measure will provide …
USDA February WASDE Report
The latest monthly World Agriculture Supply and Demand Estimates (WASDE) report from the Department of Agriculture shows lower estimated soybean exports for the 2017-18 crop year. USDA lowered soybean exports by 60 million bushels to 2.1 billion bushels. The U.S. season-average soybean price range for 2017/18 is projected at $8.90 to $9.70 per bushel, unchanged from the previous report. USDA …
Cruz Hold on Northey Continues
Iowa Senator Chuck Grassley this week attempted to move forward the nomination of Bill Northey to a top Department of Agriculture post, but was again blocked by Texas Senator Ted Cruz. Grassley sought unanimous consent from his Senate colleagues on the chamber floor Wednesday. However, Cruz objected, further delaying Northey’s confirmation. Cruz has blocked the vote to confirm Northey as …
Conaway Wants Farm Bill Movement Next Month
House Agriculture Committee Chair Mike Conaway this week expressed his desire to see mark-up and a vote on the farm bill by the end of March in the House of Representatives. Conaway says that timetable would leave plenty of time to work out differences with the Senate version of the bill and ensure new legislation is finalized before the farm …
Groups Want Injunction Against WOTUS Rule
The National Pork Producers Council and a diverse coalition of agricultural and business groups late Wednesday (2/7/2018) – in the case American Farm Bureau Federation, et. al. vs. the U.S. Environmental Protection Agency – filed a request in federal court for a nationwide preliminary injunction against enforcement of the Obama administration’s Waters of the United States (WOTUS) Rule. The Clean …
Highlights From the February 2018 Farm Income Forecast
Farm Sector Profits Expected To Decline in 2018 Net farm income, a broad measure of profits, is forecast to decrease $4.3 billion (6.7 percent) from 2017 to $59.5 billion in 2018, the lowest net farm income level in nominal dollar terms since 2006. Net cash farm income is forecast to decrease $5.0 billion (5.1 percent) to $91.9 billion, the lowest …