Weekly Food & Agriculture Update 4.9
WEEKLY FOOD & AGRICULTURE UPDATE
April 9, 2018
A quick look at what’s happening in Washington, D.C. that’s impacting food and agriculture. If you would like to subscribe to the receive the updates right to your inbox, please contact Marissa Dake.
Big Picture Outlook
- Schedule- Congress is back in session after a two-week Easter recess.
- Farm Bill Timing- With Congress back in session, Farm Bill text is anticipated to be released. The House Ag Committee could release legislative language as soon as this week.
- Tariffs and the Farm Bill– As the tariff standoff continues, Agriculture Secretary Sonny Perdue acknowledged last Wednesday that Capitol Hill lawmakers may have to factor in trade disruptions as they work on the next farm bill (though he didn’t elaborate on specific measures). Many U.S. agricultural commodities made China’s list of 106 products that are targeted by retaliatory tariffs, including soybeans, wheat, corn, beef, orange juice, sorghum, cotton and whiskey. USDA has broad authority to utilize emergency funds to stabilize elements of the agricultural economy.
- NAFTA Negotiations Continue– Mexican Economy Minister Ildefonso Guajardo met with U.S. Trade Representative Robert Lighthizer in Washington, D.C., last week as part of a series of high-level meetings to discuss the ongoing NAFTA renegotiation. The three nations’ trade leaders are set to hold a ministerial-level meeting this week.
- Naomi Earp to be an Assistant Secretary of Agriculture
- Jeffrey Nadaner to be an Assistant Secretary of Commerce
- Mike Pompeo to be Secretary of State
The Week Ahead
Wednesday, April 11
- Agriculture Secretary Sonny Perdue will testify before the Senate Appropriations Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies regarding the USDA proposed budget estimate for fiscal year 2019.
- The Senate Finance Subcommittee on International Trade, Customs, and Global Competitiveness will hold a hearing on Market Access Challenges in China
- The House Committee on Small Business will examine “The State of Trade for America’s Small Businesses”.
- The House Ways and Means Committee will hold a hearing on the Effects of Tariff Increases on the U.S. Economy and Jobs.
A Quick Look Back
- Ag groups discuss farm bill status
- Perdue: Trade concerns could require ‘extraordinary measures’ in farm bill
- Secretary of Agriculture Sonny Perdue: “Trump Has Not Forgotten Rural America’s Needs, Contributions“
- US, South Korea overhaul 6-year-old free trade agreement
Pertinent Timing Ticker
- 174 total days until the farm bill expires (Sep. 30, 2018).