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Senate to Vote on U.S. Farm Bill

By Amanda Brodhagen, Farms.com

The U.S. Senate will be voting on the nearly $1 trillion five-year 2014 farm bill this afternoon. If the Senate passes the farm legislation (it requires 60 votes for passage), then President Obama is expected to sign it into law. Congress has been in partisan gridlock for the past two years to pass an agreement on the food and farm legislation.

Last week, the House approved the bill, in a 251 to 166 vote. The bill ends direct payments for farmers, while expanding crop insurance. Is also offers livestock disaster assistance and a new program for dairy farmers. The bill also cuts about $8 billion from the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps.

Most of the U.S. farm groups support the farm bill, with the exception of livestock groups who strongly oppose the wording of the country-of-origin meat labeling rule. The bill is expected to pass the Senate with strong bipartisan support.
 


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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.