January 23, 2020

Farm Bill Developments

Reuters writer George Obulutsa reported on Monday that, “World Trade Organisation chief Pascal Lamy said on Monday he expected completion of the Doha Trade Round in 2008 after reaching deals by the end of 2007 on difficult issues including agriculture tariffs and subsidies…Negotiators have been working with two draft proposals published in July that were aimed at reaching a deal to rebalance world trade rules. Agricultural tariffs and subsidies, and industrial tariffs, have been the most controversial areas.”

I. Farm Bill
II. Food Aid
III. Food Costs / Biofuels
IV. Doha

I. Farm Bill

Brownfield writer Peter Shin reported yesterday that, “The Senate Agriculture Committee may mark-up its version of the farm bill as soon as Thursday. That’s according to Committee Chairman Tom Harkin of Iowa, who told reporters Tuesday the Senate Finance Committee is nearly finished with a tax package to increase farm bill funding by some $9 billion.

“But over half of that total appears to be spoken for already. Harkin said Finance Committee Chairman Max Baucus of Montana plans to earmark between $4 and $5 billion for a permanent ag disaster aid program. That, Harkin said, would leave ‘$3 to $4’ [billion dollars] ‘for other purposes.’”