The 2018 Farm Bill debate just got a jump start with the submission of the president’s budget plan that includes a number of related reform proposals.
Office of Management and Budget (OMB) Director Mick Mulvaney unveiled the Trump administration’s FY 2018 budget today. For agriculture, it includes $15.11 billion in programmatic cuts to USDA’s portfolio, another $2.99 in additional user fees, and $65.517 in cuts and fees for the Supplemental Nutrition Assistance Program (SNAP).Mandatory program cuts (outside of farm bill reforms) include the following with savings generated over FY 2018-22 noted:
Elimination of interest payments to electric and telecommunications utilities - $685 million Elimination of the Rural Econ...
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...
