Weekly Food and Agriculture Update – 1.14
January 14, 2025 Contents What We’re Watching Congress Reconciliation Offsets Released In order to fund the Trump administration priorities, the House GOP is circulating a list of potential spending offsets to be included through Reconciliation. Cuts include limiting future changes the Thrifty Food Plan, which is estimated to save $247 billion; reforms to SNAP, which is estimated […]
Weekly Food and Agriculture Update – 1.7
January 7, 2025 Contents What We’re Watching Congress Speaker Update On Friday, members of Congress re-elected Speaker Mike Johnson (R-LA) for another term. In a somewhat unexpected development, Speaker Johnson was able to reach the necessary 218 votes in the first ballot when two GOP members that initially opposed him switched their votes to Johnson. […]
Weekly Food and Agriculture Update – 12.17
December 17, 2024 Contents The Torrey Advisory Group Food and Agriculture Update will be paused until January 7th. Have a wonderful holiday season and great start to the new year. What We’re Watching Congress Farm Bill Extension A year-long farm bill extension plus $10 billion in economic assistance, and $21 billion in agriculture disaster assistance, […]
Weekly Food and Agriculture Update – 12.10
December 10, 2024 Contents What We’re Watching Congress Right now, Congress has a mere 11 days until government funding expires, and until December 31 to pass a farm bill extension before permanent law goes into effect, which would have dramatic negative impacts on commodity markets and food prices. Appropriations Lawmakers are still working to finalize […]
Weekly Food and Agriculture Update – 12.3
December 3, 2024 Contents What We’re Watching Congress This week, Congress will return to Washington, D.C. following the Thanksgiving recess. With only 12 joint legislative days left and government funding set to expire on December 20, Congress will have a packed schedule. Notably, the Farm Bill is set to expire on December 31 unless an extension […]
Weekly Food and Agriculture Update – 11.19
November 19, 2024 Contents For more election coverage and what this means for the food and agriculture industry – be sure to read the Torrey Advisory Group Election Analysis here. What We’re Watching Congress Senate Congress continues their session this week and will adjourn next week for the Thanksgiving holiday. Last week, Senator John Thune (R-SD) […]
Weekly Food and Agriculture Update – 11.12
November 12, 2024 Contents What We’re Watching Congress This week, Congress will return to begin the post-election lame duck session. There are a number of priorities left for them to accomplish, including the farm bill, NDAA, disaster aid, and appropriations. Additionally, the Senate GOP will have a closed-door vote to elect a new party leader […]
Weekly Food and Agriculture Update – 10.1
October 1, 2024 Contents The TAG Weekly Food and Agriculture Update will be on pause for the congressional October recess. We will resume the newsletter on Tuesday, November 12. What We’re Watching Congress Appropriations Congress has adjourned for recess upon passing the Continuing Resolution, which extends funding until December 20. Now, lawmakers must consider appropriations […]
Weekly Food and Agriculture Update – 9.24
September 24, 2024 Contents What We’re Watching Congress Appropriations After the six-month continuing resolution (CR) with the SAVE Act was defeated last week, House and Senate appropriators cut a bipartisan deal over the weekend. Speaker Mike Johnson (R-LA) circulated a “Dear Colleague” letter, outlining a new CR package and urging his colleagues to avoid a government […]
Weekly Food and Agriculture Update – 9.17
September 17, 2024 Contents What We’re Watching Congress Appropriations With only 13 days until current government funding expires, Congress remains at an impasse on a fiscal year 2025 spending agreement. Last week, a Continuing Resolution (CR) that would extend government funding until March 2025 was pulled from a House floor vote due to a lack […]
