The Senate passed the farm bill late last Thursday night by a vote of 86-11 with bipartisan support. In fact, more Democrats than Republicans voted for it.
The bill included a number of amendments to the original draft that were adopted en bloc in both committee and on the floor. Among the provisions of interest to clients are the following:
The Grassley amendment limits payments from crop programs to single individuals who are “actively engaged in farming.” It sets the standard at actual physical work and would disallow those owners who provide investment capital or other management contributions to the farming entity. The Heitkamp amendment allows the Market Access Program (MAP) to be used for Cuba. It was modified to d...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
