How high could farm subsidies go? $40 billion this year.

If farm subsidies were a crop, this year’s payments would fit the hoary rural adage, “big crops get bigger.” USDA supports, already forecast to set a record, could exceed $40 billion this year, thanks to the second round of coronavirus relief now available to farmers and …

Senate passes funding bill, House slows pace on coronavirus

On an 84-10 roll call vote, senators passed a short-term funding bill to keep the government open until Dec. 11, well after the November general election. Meanwhile, House Democrats delayed a vote on a $2.2 trillion coronavirus package that would increase SNAP benefits by 15 percent for one year and offer billions of dollars of additional assistance to farmers and ranchers.

Federal funding barrier: Billions more for farmers

President Trump wants a pre-election slush fund of up to $30 billion at USDA that he can spend with no strings attached, said the senior Democrat on the Senate Agriculture Committee on Monday as agricultural aid blossomed into a potential roadblock for a government funding bill. Republicans …

‘Trump bump’ in farm income to disappear in 2021

U.S. farm income, buoyed by record-setting farm subsidies this year, will sink in the new year with the disappearance of government payments to buffer the effects of the trade war and the coronavirus pandemic on agriculture, said the FAPRI think tank on Thursday. Farm groups and their allies in Congress are likely to seek billions of dollars in new federal assistance, said analysts.

Highest farm income in seven years, thanks to record-setting federal aid

The Trump administration is showering U.S. agriculture with the largest farm supports ever, an estimated $37 billion, chiefly through stopgap programs to mitigate the impact of the pandemic, said the Agriculture Department on Wednesday. As a result, farm income in 2020 would be the highest in seven years.

Coronavirus darkens income prospects for grain farmers

Seven weeks ago, the USDA forecast the highest U.S. net farm income since 2013. Since then, the coronavirus pandemic has driven down grain prices and “reduced (the) grain farm income outlook for 2020,” wrote five university economists on Tuesday. “Given current expected …

Farm Bureau backs ‘one farmer, one vote’ for dairy marketing rules

A task force created by the largest U.S. farm group called on Wednesday for more democracy in the federal milk-marketing orders that guide dairy sales throughout the United States and for greater equity between producers and processors in a system that dates from the Depression.

First round of Trump tariff payments could top $4 billion

Farmers and ranchers would receive more than $4 billion in the upcoming first round of Trump tariff payments for this year, based on Agriculture Secretary Sonny Perdue’s description on Tuesday. Perdue discussed compensation to farmers for trade-war losses moments after a speech in which he …

Trade war expands government role in agriculture, despite decades of free-market reforms

The multibillion-dollar Trump tariff payments to farmers, born of the China-U.S. trade war, are expanding the government role in agriculture despite decades of free-market reforms that told farmers to pursue profits rather than subsidies. “I don’t like to see that precedent but …