The House budget resolution has no specific instructions in the reconciliation package regarding spending cuts to farm and nutrition programs nor suggested reforms to achieve deficit reduction.
The House Budget Committee will consider the FY 2018 budget resolution tomorrow, which it indicated gives reconciliation instructions to 11 House committees with a target of at least $203 billion in mandatory savings and reforms, a sum very much in keeping with expectations. That total is equal to a 1 percent, across-the-board cut to federal mandatory spending programs.As previously noted (see Ag Perspectives, 10 July), a 1 percent reduction to farm program spending would be the equivalent of $600 million over the next 10 years. The total proposed...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
