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American Soybean Association calls for increased investment in agriculture in FY24 budget

In a push for increased funding for agriculture in the upcoming fiscal year, the American Soybean Association (ASA) is leading the charge for a favorable Farm Bill budget. The organization is urging Congress to consider the unique needs of the agriculture industry and the critical role it plays in the U.S. economy. 

According to the ASA, investment in agriculture is crucial for maintaining the nation's food security and ensuring the sustainability of rural communities. The organization is calling for increased funding for research and development, as well as programs that support farmers and ranchers. 

The ASA is also advocating for measures that will help to mitigate the impact of climate change on the agriculture industry. This includes funding for practices that reduce greenhouse gas emissions and support carbon sequestration. 

In addition to these initiatives, the ASA is pushing for policies that will promote market access and trade opportunities for American farmers. The organization is calling for the removal of trade barriers and the expansion of international markets for agricultural products. 

The American Soybean Association is calling on Congress to prioritize agriculture in the upcoming fiscal year by investing in research and development, promoting sustainability and climate resilience, and expanding trade opportunities for American farmers. By supporting these initiatives, Congress can help to ensure the long-term success and viability of the agriculture industry and rural communities across the United States. 


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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.