February 25, 2020

Farm Bill Issues; Trade; and the Agricultural Economy

Farm Bill: Budget Background- Supercommittee, Agriculture Appropriations (Senate)

The first meeting of Joint Select Committee on Deficit Reduction, or the supercommittee, will be held this morning and will be aired live at 10:30am ET on C-SPAN3.

Seung Min Kim reported yesterday at Politico that, “The top Republican congressional leaders on Wednesday struck an optimistic tone that the deficit-slashing supercommittee will stave off an automatic round of cuts of defense and domestic programs.

“House Speaker John Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell (R-Ky.) emerged from a 30-minute meeting with the GOP members of the supercommittee, who had been conferring in the office of the panel co-chairman, Rep. Jeb Hensarling (R-Texas).

“‘Failure is not an option,’ McConnell told reporters. ‘This committee is going to succeed in meeting at least the floor that is established in the legislation.’”

The article noted that, “Both Boehner and McConnell emphasized that getting the nation’s debt under control was a crucial avenue to creating jobs and boosting the economy.”