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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.


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Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.