Later today, Congress will begin marking up bills for the budget reconciliation, and there is a lot at stake for the ag sector as both chambers have been tasked with cutting billions of dollars.
The Senate Budget Committee is looking at cutting around $5 billion over the next decade, with a billion of that coming from agriculture. House leaders say they will reject that plan, insisting their own bill addresses each of President Trump’s agenda items.
A recent budget release from the White House shows the House Ag Committee must cut $230 billion over the next ten years. It also calls for $100 billion in new military spending, with $90 billion for border security.
Related Stories
Tight global supply is likely to keep fuel and fertilizer costs elevated.
Dr. Michael Lang-Meier, a senior author on the report, will join us live at 12 PM ET for a full breakdown of the report.
The sugar policy debate affects prices, trade, and farm stability.
Ranchers Navigate Uncertainty as Border Talks, Drought, and Price Concerns Collide in Cattle Markets
Cattle producers face mounting pressure as U.S.-Mexico trade talks resume, but expanding drought, rising input costs, and policy work to improve the long-term industry outlook.
The White House’s plan calls for a nearly 20 percent reduction in the USDA’s budget, which would impact various food and agriculture aid programs.
More Farms File for Bankruptcy As Strong Farm Loan Demand Boosts Bank Earnings
