Showing articles tagged with "Farm Bill". Show all posts.
After more than two years of effort, in February the U.S. Congress passed a Farm Bill, later signed into law by President Obama. Industry participants now must determine what the new law includes and how it differs from the previous legislation. In other news this month: Read More
January 2014 saw an important milestone: after two years of effort, the House of Representatives approved a Farm Bill. The bill now rests with the Senate, which is expected to vote in early February. Offsetting that good news for the agriculture industry were severe weather challenges: a polar vortex crippled large portions of the country, impacting agricultural production, and a drought in California, called by some the worst in 500 years, has forced both farmers and ranchers to modify their operations and California’s governor to declare a state of emergency. Read More
Another month has gone by without the passage of a new Farm Bill, as Congress continues negotiations. Yet November was a month of thanks and giving for Farm Credit -- on Veterans Day we announced a significant two-year contribution to the Farmer Veteran Coalition’s “Homegrown By Heroes” program, which will help increase sales of veteran-grown agricultural products. Later in the month, a group of five Farm Credit organizations donated $175,000 to help the South Dakota ranchers devastated by the October blizzard, and we gave thanks all month long for many of the diverse producers and organizations that help make U.S. agriculture so successful. Read More
The already slow advance of the Farm Bill was stalled in October during a 16-day federal government shutdown, which stopped USDA activities and FSA payments. Currently House and Senate negotiators are meeting to hammer out a final bill. During the shutdown, a major, unseasonable blizzard struck South Dakota, killing thousands of livestock, but the shutdown government response was delayed. Several organizations stepped in to help, including Farm Aid, the USDA, a coalition of South Dakota non-profit groups, and Farm Credit. The economic loss is estimated at $1.7 billion, and it will take years for ranchers to rebuild their herds. Read More
As the Farm Bill continues its way through the legislative process – the House last week approved a bill that included a $40 billion cut to SNAP – a new twist with international ramifications came to light earlier this month: without a new Farm Bill in place, the U.S. would no longer have authority to make settlement payments to Brazil that were established in 2010 in response to U.S. cotton subsidies. Brazil, in turn, said it would not rule out retaliation if these payments were to stop, and business groups have stated that the proposed Farm Bill might violate World Trade Organization rules. Read More