Farms.com Home   Ag Industry News

Congress to address farm aid in funding bill

Dec 19, 2024
By Farms.com

Critical support for farmers in upcoming vote

With a government shutdown looming, Congress is urgently working to pass a continuing resolution that includes significant provisions for U.S. agriculture. This bill is critical as it aims to provide timely relief to farmers and ranchers impacted by recent adversities.

The resolution highlights a commitment of over $30 billion to agriculture, with $20 billion targeted towards recovery from severe natural disasters such as wildfires and hurricanes, and another $10 billion dedicated to broader agricultural economic assistance.

The need for this resolution is pressing, given the expiration of current government funding by week's end. Without approval, the government would face a shutdown, disrupting many services and supports, including those crucial to the agricultural sector.

The importance of this bill cannot be overstated as it represents a vital lifeline for the agricultural community, providing necessary funds to mitigate the impacts of recent challenges.

The farming community is urged to contact their representatives to emphasize the importance of passing this resolution swiftly.


Trending Video

Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.