January 26, 2020

Farm Bill; Crop Insurance Notes; Ag Economy; and Trade

Farm Bill Issues

Daniel Looker reported on Friday at that, “On Tuesday of this week the House Agriculture Appropriations subcommittee approved a 2012 spending bill for agriculture with discretionary spending that would be 26% lower than in 2010, if the bill becomes law.

The $17.25 billion in spending doesn’t affect the much larger spending on mandatory programs for commodities and nutrition, which will be slightly larger than the current, 2011 fiscal year, at $108 billion. And this is just the first step on months of highly partisan, contentious negotiating which will come to a head before August. That’s when the federal debt ceiling is hit, long before the House and Senate are expected to have final appropriations bills settled.”