January 26, 2020

Farm Bill; Agricultural Economy; and Trade Issues

Farm Bill Issues: Budget Focus

Bloomberg writer Heidi Przybyla reported yesterday that, “A bipartisan group of six Senate and House lawmakers, led by Vice President Joe Biden, has found common ground on at least $200 billion in cuts by focusing on mandatory federal spending, such as agriculture subsidies, outside of politically sensitive entitlement programs like Medicare, according to people close to the negotiations.

“The negotiators are moving toward a package of immediate spending cuts and deficit-cutting benchmarks — intended to reassure U.S. investors and the bond market — as hopes faded this week for a grand bargain sought by a separate group of six senators to reduce the nation’s debt through revisions in entitlement programs and the tax code.”