Page 2 - Commodity Programs News Today

Thanksgiving dinner shoppers will get a bit of a break in the pocketbook this year. 

(The Center Square) – Thanksgiving dinner shoppers will get a bit of a break in the pocketbook this year. Illinois shoppers participating in the annual American Farm Bureau Federation’s (AFBF) Thanksgiving Cost Survey r...

(The Center Square) – Thanksgiving dinner shoppers will get a bit of a break in the pocketbook this year.

Farm groups on Thursday welcomed congressional approval of a continuing resolution that includes a one-year extension of the 2018 farm bill, ensuring that existing commodity programs will operate normally for 2024 crops. 

Senate Agriculture Committee Chairwoman Debbie Stabenow expects to have $4 billion to $5 billion in new funding available to address issues with commodity programs and expand crop insurance options, she said in an exclusive interview with Agri-Pulse.

The chaos among House Republicans isn’t the only hurdle facing a new farm bill. Senate Republican Whip John Thune, R-S.D., says the Senate Ag Committee remains divided over key issues, including what to do about the major commodity programs.

Democrats on the House and Senate Agriculture committees see the farm safety net as broader thanthan the major commodity programs and want to make sure that the next farm bill addresses needs of smaller-scale producers, committee aides say.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Introduction Agricultural producers, similar to other businesses, face significant risk. The United States Department of Agriculture’s (USDA) Economic Research Service identifies five different types of farming risk: human and personal risk (such as human health), institutional risk (regarding governmental action), financial risk (such as access to capital), price or market risk, and production risk (such as weather and pests). Of these, policymakers usually focus on the last two types.

Sen. Tommy Tuberville is blockading confirmation of military nominations, a move derided by Senate Republican Leader Mitch McConnell.