Some money previously frozen when President Trump took office will soon be released. USDA says it centers around conservation.
The money was tied up while officials reviewed spending from the Inflation Reduction Act. In a release, the Department says Secretary Rollins will release around $20 million already promised to farmers and ranchers. It centers around several conservation programs, like the Conservation Stewardship Program.
Rollins says they will honor those commitments to ensure American producers have the tools they need to remain competitive.
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Slower grain movement may pressure basis, but falling diesel prices could help offset transportation costs.
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Rising federal debt is increasing pressure on Washington to limit spending, which could tighten future funding and delivery for agricultural programs.
“I’m not sure where this bridge goes,” trader Brady Huck with Advanced Trading told RFD-TV News earlier this week.
