January 23, 2020

Diverse Issues Impacting Farm Policy Debate

On Wednesday, the Associated Press reported that, “European Union subsidies to encourage farmers to grow biofuel crops have reached their annual limit, the European Commission said Wednesday…EU Agriculture Commissioner Mariann Fischer Boel questioned if they were still needed. ‘This payment has been very useful in stimulating the European biofuels sector,’ she said…‘But … next month we will have to ask whether it is still necessary. We now have a binding target for biofuels and a blossoming marketplace.’”

I. Agricultural Economy
II. Farm Bill
III. Energy Issues- Energy Bill, B99, EU Biofuels Incentives

I. Agricultural Economy

A news release issued yesterday by the House Ag Committee stated that, “Today, the House Agriculture Committee held a hearing to review the structural changes taking place in agriculture and their impacts on the farm economy.

“The committee heard testimony from a panel of three economic analysts about recent developments in the farm economy, examining both short- and long-term trends in prices and farm output. The committee also discussed rising input costs from energy prices, rising land and labor costs, and the effects of new product development like biofuels.”