Majority Blog

Key Takeaways USDA’s first 2024 cost-of-production forecast for major field crops such as corn, soybeans, wheat, cotton, rice, and peanuts, among others, reveals that input costs are expected to remain elevated into the next growing season, at the third-highest level of all-time, and only slightly lower than the record-high reached in 2022. While...

Ranking Member Boozman has been sharing his perspectives on the farm safety net, rural infrastructure and school meal guidelines in opinion sections recently. Here’s a rundown: The editorial board of Washington Post published a piece filled with inaccurate claims about the farm safety net. The paper published Ranking Member Boozman’s...

Key Takeaways The Congressional Budget Office’s highly anticipated May 2023 baseline is widely expected to be the 2023 Farm Bill scoring baseline – meaning any proposed policy modifications and the impact on the U.S. deficit will [likely] be measured against this baseline. CBO’s May baseline confirms that the 2023 Farm Bill, upon enactment, could...

Key Takeaways Farm production expenses were projected to be record-high in 2023 at nearly $500 billion, up 28% or $87 billion under this administration. While diesel fuel and fertilizer prices have fallen slightly from their record highs one year ago, the prices for fuel and fertilizers remain 60% to 130% higher than their January 2021...

Ranking Member John Boozman joined Agri-Pulse Newsmakers to discuss where we stand with the 2023 Farm Bill. Key takeaways: On USDA’s flawed Thrifty Food Program reevaluation “That was supposed to be done in a revenue neutral way. That’s what Congress assumed looking at the CBO score which said zero. Congressional Budget Office...