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

USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.