Federal

From world-grain.com Russia, the world’s largest wheat exporter, is projected to export a record 53 million tonnes in the current marketing year, giving it a global market share of 26%, the highest in its history, according to the latest International Grains Council (IGC) Grain Market Report. Read the rest of the article here. Read More »

From the National Association of Wheat Growers On May 23, the House Committee on Agriculture passed the Farm, Food, and National Security Act of 2024 (H.R. 8472) on a bipartisan vote of 33-21. In response, National Association of Wheat Growers (NAWG) President Keeff Felty made the following statement: “NAWG commends Chairman Thompson for moving the process forward and urges a bipartisan ... Read More »

From thehill.com The House Agriculture committee is trying to fund its farm bill proposals with “counterfeit money,” Agriculture Secretary Tom Vilsack told reporters Wednesday morning. Vilsack spoke after a range of groups from across the political spectrum criticized House Republicans’ proposed farm bill, which seeks to direct tens of billions to subsidies for farmers of peanuts, rice and cotton. Read the rest ... Read More »

From agweb.com The sunset of the Trump Tax Cuts is around the corner and might be here before farmers are ready for it. The current lifetime estate and gift tax exemption is $13.61 million but will be cut in half beginning in 2026. This means most farmers have about 18 months to make some major estate decisions. See the rest ... Read More »

In April, the National Association of Wheat Growers (NAWG) and over 30 agriculture organizations sent a letter to United States Trade Representative Katherine Tai urging enhanced engagement on trade policies to bolster our global competitive standing around the world. Recommitting to an aggressive trade agenda, holding parties accountable to commitments, and improving trade enforcement mechanisms are critical steps that need ... Read More »

From the Capital Press Recently released summaries from the House and Senate ag committees will move farm bill conversations along, a representative of the National Association of Wheat Growers says. House Ag Chair Glenn “GT” Thompson, R-Pa., last week released a 5-page summary and Senate Ag Chair Debbie Stabenow, D-Mich., released a 90-page section-by-section document. Thompson is expected to release ... Read More »

As both the House and Senate ag committees released summaries of proposed farm bill legislation this week, the Washington Association of Wheat Growers is pleased and encouraged to see movement on this critical piece of legislation. “Washington wheat growers are thrilled to see forward progress on the 2024 Farm Bill and hope lawmakers can work together to pass a comprehensive, ... Read More »

From dtnpf.com Prospective farm bill plans laid out in both the U.S. House and Senate would see some tweaks to reference prices, potentially allow some farmers to add new base acres and expand crop insurance coverage for farmers as well. After months of talks and delay, the leaders of the House and Senate agriculture committees each laid out separate farm-bill ... Read More »

By Paul Neiffer FARM CPA Report Senator John Hoeven (R-N.D.) introduced the Federal Agricultural Risk Management Enforcement Act (FARMER) on April 9. This act tries to enhance participation in the federal crop insurance system by increasing subsidies on coverage at higher levels and making some changes to Supplemental Coverage Option (SCO). The farm sector’s consistent yield areas are usually able ... Read More »

From agweb.com A reset in agriculture seems to be underway. For 10 straight months, the Ag Economists’ Monthly Monitor has tracked the health of the ag economy through the lens of ag economists. The anonymous survey is a gauge of 70 economists from across the country. In March, economists’ views on the ag economy grew weaker, but it’s the erosion ... Read More »