Commodities and Futures News

US lawmakers float possible farm bill extension amid delays

2023.06.22 14:52


© Reuters. An alfalfa field, a water-intensive crop, is cut by a Triple M Farms employee amid extreme drought conditions in Pinal County near Casa Grande, Arizona, U.S., August 27, 2022. REUTERS/Rebecca Noble

By Leah Douglas

WASHINGTON (Reuters) – The U.S. Congress may need to pass a short-term extension of the country’s current farm bill, the largest food and nutrition spending package, amid delays drafting the next one, the top lawmakers on the Senate and House farm committees said on Thursday.

The farm bill funds U.S. nutrition, conservation and commodity programs and is passed every five years. The current bill expires on Sept. 30.

Senator Debbie Stabenow, chairwoman of the Senate Agriculture Committee, said “it would not surprise me” if lawmakers passed a short-term extension of the current farm bill, as has happened on occasion with past bills.

“We can’t give you a date (for a draft), but we’re moving as quickly as we can,” she said at an event hosted by Bloomberg Government.

The process of drafting the farm bill is behind schedule in part because hearings were delayed by the COVID-19 pandemic, said Representative Glenn “GT” Thompson, chairman of the House Agriculture Committee, at the event.

Lawmakers were further delayed by negotiations over the deal passed in early June to raise the federal debt ceiling, which involved changes to a food assistance program that is authorized by the farm bill, Stabenow said.

Thompson said he hopes to have a draft bill ready for markup by the House in September.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 97,683.17 1.23%
ethereum
Ethereum (ETH) $ 3,403.91 2.59%
tether
Tether (USDT) $ 1.00 0.08%
solana
Solana (SOL) $ 254.78 0.49%
bnb
BNB (BNB) $ 654.60 3.95%
xrp
XRP (XRP) $ 1.48 0.62%
dogecoin
Dogecoin (DOGE) $ 0.433219 4.57%
usd-coin
USDC (USDC) $ 0.999623 0.09%
cardano
Cardano (ADA) $ 1.08 5.35%
staked-ether
Lido Staked Ether (STETH) $ 3,400.53 2.57%
tron
TRON (TRX) $ 0.212227 3.75%
avalanche-2
Avalanche (AVAX) $ 41.66 0.88%
the-open-network
Toncoin (TON) $ 6.43 19.09%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 2.83%
stellar
Stellar (XLM) $ 0.502476 44.56%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,038.83 3.41%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,537.13 1.04%
polkadot
Polkadot (DOT) $ 8.59 32.67%
chainlink
Chainlink (LINK) $ 17.55 10.10%
bitcoin-cash
Bitcoin Cash (BCH) $ 506.22 3.64%
weth
WETH (WETH) $ 3,406.88 2.69%
sui
Sui (SUI) $ 3.45 0.98%
pepe
Pepe (PEPE) $ 0.000021 1.31%
leo-token
LEO Token (LEO) $ 8.63 2.51%
near
NEAR Protocol (NEAR) $ 6.19 4.45%
litecoin
Litecoin (LTC) $ 98.85 8.36%
aptos
Aptos (APT) $ 12.75 4.06%
uniswap
Uniswap (UNI) $ 10.70 12.76%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,585.27 2.65%
hedera-hashgraph
Hedera (HBAR) $ 0.153781 1.87%
crypto-com-chain
Cronos (CRO) $ 0.201333 5.03%
internet-computer
Internet Computer (ICP) $ 11.43 5.42%
usds
USDS (USDS) $ 0.998702 0.52%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.567538 17.27%
ethereum-classic
Ethereum Classic (ETC) $ 29.64 4.79%
render-token
Render (RENDER) $ 7.70 4.24%
bittensor
Bittensor (TAO) $ 530.66 6.29%
kaspa
Kaspa (KAS) $ 0.152742 0.70%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.12%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.43 13.82%
bonk
Bonk (BONK) $ 0.000048 2.13%
whitebit
WhiteBIT Coin (WBT) $ 24.73 0.22%
arbitrum
Arbitrum (ARB) $ 0.859232 8.23%
dai
Dai (DAI) $ 0.999201 0.16%
vechain
VeChain (VET) $ 0.04187 19.07%
mantra-dao
MANTRA (OM) $ 3.68 5.50%
filecoin
Filecoin (FIL) $ 5.48 14.29%
dogwifcoin
dogwifhat (WIF) $ 3.29 3.78%
cosmos
Cosmos Hub (ATOM) $ 8.23 11.31%
blockstack
Stacks (STX) $ 2.06 5.06%