January 26, 2020

Farm Bill; Ag Economy; Biofuels; Regulations; Climate; Trade; and Budget Issues

Farm Bill Issues

The Washington Insider section of DTN reported yesterday (link requires subscription) that, “Senate Agriculture Committee Chairman Debbie Stabenow, D-Mich., is predicting that the budget eventually approved by the Senate will be more generous than the one introduced in the House by Budget Committee Chairman Paul Ryan, R-Wis., and passed by that chamber before the last congressional recess.

Stabenow said flatly that she ‘won’t accept’ the $180 billion in cuts to agriculture over the next decade that that are included in the House bill. The House-planned reductions would work out to $50 billion lopped off agricultural spending and another $130 billion in cuts to food and nutrition programs. Stabenow called the Ryan plan a ‘disincentive’ for agriculture.”

The DTN item added that, “The Senate has yet to put forward its budget proposal for fiscal 2012 and beyond, and it will come as little surprise to anyone when there are numerous differences between the spending proposals of the Republican-dominated House and the majority Democratic Senate. In the past, such differences often were resolved by splitting the difference between the two sides. The presence this year of so many fiscal conservatives in both chambers plus the horrid state of the U.S. deficit and national debt will make that meet-you-in-the-middle type of compromise exceedingly difficult to achieve.”