The new 45Z tax credit passed in the Inflation Reduction Act, slated to take effect Jan. 1, 2025, means a farmer's carbon intensity score will soon be worth more, especially if your corn goes to an ethanol plant.
President Biden delivered a defiant argument for a second term in his SOTU speech Thursday. From the economy to his thoughts on infrastructure, the border and climate, there were several key takeaways for agriculture.
Farmers are protesting across the European Union, saying they are facing rising costs and taxes, red tape, excessive environmental rules and competition from cheap food imports.
Producers are hoping for stronger milk prices next year. First quarter milk price looks less than promising - causing producers to turn to plan B which is hoping DMC payouts generate a healthy sum in the year ahead.
More than a decade after banning whole and reduced-fat milk from being served during school lunches, the House of Representatives overwhelmingly voted in support of the Whole Milk for Healthy Kids Act.
COP28's decision to not include food and agriculture as a way to meet climate goals was influenced by a request from the G77 group of developing countries for additional review related to agriculture and food.
Some Republican House and Senate members have expressed their concerns to USDA Secretary Tom Vilsack, particularly regarding the new payment formula used for ERP in 2022.
Analysts say an initial cut could be made as early as first quarter 2024. One of the key factors the central banking system will consider is whether its inflation rate target of 2% has been achieved.
Dairy organizations are disheartened by USMCA's dispute panel which is allowing Canada to restrict dairy access to the United States and weakens the agreement’s value for the U.S. dairy industry.
A trade dispute settlement panel set up under a major North American free trade agreement has rejected a U.S. complaint that Canada is improperly limiting access to its dairy market.
An extension of the current farm bill is now a reality. House and Senate Agriculture Committee leaders were able to extend the current legislation as a possible government shutdown looms.
The debate over immigration continues to be an issue in Washington. However, the Ag Economists' Monthly Monitor shows economists are still skeptical it's enough for Congress to act on immigration reform.
Rep. Thompson, chairman of the House Ag Committee, continues to express optimism about passing a new farm bill in December in the House of Representatives. But he says an extension of the current farm bill is needed.
Political unrest, a healthy ag economy and the start of an election year. These are all reasons economists in the October Ag Economists' Monthly Monitor think it could 2025 before Congress passes a new farm bill.
While the U.S. and EU aim to make progress during an upcoming summit, reaching a final agreement is uncertain. This issue has significant implications for U.S./EU ties, climate goals, and geopolitics.
Work by the House or Senate Agriculture Committee on a new farm bill is essentially stalled, Randy Russell tells AgriTalk's Chip Flory. Russell says that could be the case until government funding issues are resolved.
China's Commerce minister expressed concerns over trade and tech restrictions to U.S. Senate Majority Leader this week. That's as the U.S. Commerce Department added 42 more Chinese companies to the export blacklist.
With the government funding in place for now, work on a new farm bill can continue, with the same questions (timing, funding, Title 1 reform, etc.) still being unanswered.
When the House and Senate returns on Tuesday, lawmakers will have just five days left to avoid a shutdown, which would impact several USDA services, including key reports.
As brent crude futures soar toward $100, it's creating a new battle in the Federal Reserve's effort to fight inflation. One money manager warns another rate hike is likely.
Members of Congress are currently in disagreement over how long it will take to get a new farm bill finished, which is why one ag economist fears it could take two years to finally see a new Farm Bill.
Assistance will be available to dairy operations that had to dump or remove milk without compensation from the commercial milk market due to qualifying weather events during the years 2020, 2021 and 2022.
China's GDP growth could possibly drop lower than the U.S. this year. In fact, fewer and fewer sectors are healthy, and only then by direct government intervention.
Waters of the U.S. rules have evolved many times in the past 50 years. EPA announced another round of changes on Tuesday, following a May Supreme Court ruling that required EPA to revise the definition.
USDA on Thursday lowered expectations for both ag exports and imports in FY 2023. The export decline is linked to corn and wheat, while the import decline is correlated with easing prices.
“Mexico’s decree, which runs counter to scientific findings and is in direct violation of USMCA, is negatively impacting American corn growers,” said Tom Haag, NCGA president.
John Phipps says there are signs that water is the new oil as water rights turn into water fights across the western U.S. He thinks it's a battle that could only heat up in the coming years.
Sens. Chuck Grassley and Sherrod Brown have introduced the Farm Program Integrity Act. It would create a cap of $250,000 in commodity support for a single farm operation and, potentially, some undesirable side effects.
“Producers looking to adopt precision ag technologies need network connectivity that extends far past their residences. They need to be able to make real-time decisions that increase yields," says Sen. Fischer (R-Neb.).
Roughly 37.6 million acres of U.S. ag land is foreign owned, according to USDA. However, select purchases of U.S. land could come to an end following a Senate vote this week.
House Republicans, particularly on the House Ag Committee, are debating changes to the Conservation Reserve Program as part of the upcoming farm bill reauthorization.
EPA has been asked to exclude ditches from the definition of federal waters, include wetlands when they can't be distinguished from navigable waters, and erase the independent interstate waters and wetlands category.
The hearing, which will take place in the Indianapolis suburb of Carmel, Indiana, could potentially result in the first significant reform of milk marketing orders since 2000.
Farm Bill discussions and debates don't pack as much drama for producers. According to JohnPhipps, there's an unspoken realization that the Farm Bill doesn’t have the same influence on the farm economy it once did.
Organic dairy farmers emphasized the need for consideration of an organic exemption in any forthcoming federal order hearing, citing the current system as insupportable for their industry.
The July Ag Economists' Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.
The leaders also drafted a proposed legislation earlier this month that promises treaty-like benefits for businesses seeking cross-border investment opportunities via the tax code.
House Ag Committee Chairman G.T. Thompson, along with other members, is seeking additional funding sources for the bill, but that will likely be the biggest farm bill hurdle that may trip up lawmakers.
The majority of ag economists don’t expect a farm bill to be written by the upcoming deadline, but a few think it could happen by the end of the year, according to the most recent Ag Economists’ Monthly Monitor.
The House Select Committee on the Chinese Communist Party (CCP) introduced an act to prevent foreign adversaries from exploiting U.S. land near security sites, and would push a review of current ownership in these areas.