Farms.com Home  › News

House Passes CR with Key Farming Supports

Dec 26, 2024
By Farms.com

Aid for Farmers Approved, Urges Senate Action

The American Farm Bureau Federation has expressed gratitude toward the House's recent approval of a Continuing Resolution (CR) that provides essential support to the agricultural sector.

The resolution, strongly backed by key figures on the House Agriculture Committee and President-elect Trump, allocates $20.78 billion in disaster aid covering adversities such as hurricanes, wildfires, and droughts for 2023 and 2024.

Additionally, it provides $10 billion in economic aid to help farmers manage the steep decline in farm income amid rising supply costs and falling commodity prices.

Despite the broad support, the Federation voiced disappointment over the exclusion of authorization for year-round E-15 sales, which they had hoped would benefit both farmers and consumers.

The Farm Bureau now urges the Senate to act swiftly in passing the CR to prevent a costly government shutdown. The timely passage of this resolution is crucial for the stability and future of farming in America.


Trending Video

2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?

Video: 2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?


Despite a Super Strong El Nino the early South American soybean planting pace is ahead of schedule.
The long-term forecast looks dry for the North but wet for the South including Argentina.
China bought 1.5 mmt of U.S. soybeans this week with rumors of 2 mmt and now at 68% of 25 mmt commitment.
The question mark remains the Chinese pledge towards the $17 billion in ag purchases.
NOPA weekly crush report was lower than expected. Another hot U.S. wholesale inflation print this week.
Investors rotating out of AI
Weak U.S. pork demand weighing on hogs
+ CFTC.