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According to fresh projections from the U.S. Department of Agriculture this month, net farm income is expected to decline 4.1% for 2024 after falling 19.4% in 2023 from the record highs reached in ...
More than 300 U.S. farm and commodity groups urged Congress in a letter on Monday to pass a long-delayed farm spending bill before the end of the year, as farmers face a projected decline in income.
The Farm Bill was last authorized in 2018, and after failing to reauthorize it on the typical five-year schedule in 2023, Congress extended the 2018 bill through the 2024 fiscal and crop year.
The 1981 farm bill involved only small changes and continued the policy of restricting supply rather than increasing demand. The 1984 budget proposal was designed to cut subsidies rather than reform the system, but Congress rejected it. Instead, Congress continued the same policies in the 1985 farm bill, which Reagan reluctantly signed.
October 2: Rep. Larry Combest (R-TX), farm bill sponsor, threatens to pull the bill if it is amended. October 3: Rep. Leonard Boswell (D-IA), proposes shifting $650 million to ethanol, amendment fails. October 4: Kind amendment falls 26 votes short, fails. October 5: 10 year, $73 billion farm bill increase passes in the House of Representatives.
Long title: An Act to improve and protect farm prices and farm income, to increase farmer participation in the development of farm programs, to adjust supplies of agricultural commodities in line with the requirements therefore, to improve distribution and expand exports of agricultural commodities, to liberalize and extend farm credit services, to protect the interest of consumers, and for ...
December 20, 2024 at 3:03 PM. ... Resolution will fund the government until March 14, allocate about $100 billion in disaster relief and extend the farm bill. It received a total of 366 favorable ...
In United States federal agriculture legislation, the Agricultural Act of 1970 (P.L. 91-524) initiated a significant change in commodity support policy. [1]This 3-year farm bill replaced some of the more restrictive and mandatory features of previous law (acreage allotments, planting restrictions, and marketing quotas) with voluntary annual cropland set-asides and marketing certificate ...
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