American Rescue Plan a Step Towards a Fair, Stable Food System

The U.S. House of Representatives today voted in favor of the American Rescue Plan, sending it to the White House for President Joe Biden’s signature. The $1.9 trillion pandemic relief package includes benefits for unemployed workers, stimulus payments up to $1,400 per person, and supplemental funding for nutrition programs, as well as support for vaccine distribution in rural communities, debt relief for socially disadvantaged farmers, and resources to build resilience in the food system.

 

When the bill was passed by the U.S. Senate over the weekend, National Farmers Union (NFU) praised it, saying it “provides a lifeline” for struggling Americans and takes “several steps towards more meaningful, enduring improvements” in the food system. Upon the House’s approval today, the organization’s president Rob Larew reiterated his satisfaction with the legislation:

 

Video: Future Interest Rate Cuts Unlikely

On the Record, brought to you by Associated Equipment Distributors, we look at the impact interest rates are having on the ag market. In the Technology Corner, Noah Newman visits with strip-tiller Robert Boyle. Also in this episode, coverage from the first-ever Ag Equipment Intelligence Executive Summit, CNH moves to a dual branding model and Ritchie Bros. completes its acquisition of BigIron.