Monday, June 17th, 2024

Congress will be on Recess the week of June 17th through the 24th. Be looking for your next R&P on July 1st

Farm Bill: Republicans on the U.S. Senate Committee on Agriculture, Nutrition, and Forestry have released their framework for a new five-year farm bill that will set the policy and funding levels for key food, agriculture, and conservation programs. Priorities include an increase in reference prices for all covered commodities; increased spending for conservation programs by pulling funds from climate legislation passed in 2022; “cost-neutral” updates to the formula that calculates benefits for the Supplemental Nutrition Assistance Program, known as SNAP; increased crop insurance levels; and reporting requirements for foreign purchase and ownership of farmland.