Weekly Food & Agriculture Update 5.21
WEEKLY FOOD & AGRICULTURE UPDATE
May 21, 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- The House and Senate are in session this week. Next week, Congress will be on recess for the Memorial Day holiday. The Weekly Food & Agriculture Update will return to your inbox the week of June 4.
- Farm Bill Fails in the House- The House farm bill failed on the floor on Friday, in a 198-213 vote. Members of the conservative Freedom Caucus voted down the bill after demanding a vote on a conservative immigration bill before the farm bill. A number of moderate Republicans also voted no, likely due to the bill’s changes in SNAP requirements. House leadership has not outlined when it will bring the legislation up for a vote again next.
- NAFTA in 2019- Trade negotiators missed last week’s deadline to bring a NAFTA 2.0 to conclusion, leaving little room for Congress to vote on the new agreement this year. In an interview on “Fox News Sunday”, Treasury Secretary Steven Mnuchin said, “The president is more determined to have a good deal than he’s worried about any deadline.” Mexico’s chief NAFTA negotiator said in a series of tweets that the countries have agreed on nine of the thirty chapters in the agreement.
- China Cancels U.S. Soybean Exports- Last week, China cancelled over 1 million tons of U.S. soybean exports, opting for Brazilian soybeans instead. The move was “primarily a financial play” due to a steep drop in prices for Brazilian bean premiums, relative to the U.S. More here.
Nominations & Confirmations
- Gina Haspel to be the Director of the Central Intelligence Agency.
- Mitchell Zais to be Deputy Secretary of Education.
- Michael Atkinson to be Inspector General of the Intelligence Community, Office of the Director of National Intelligence.
The Week Ahead
- Senate Appropriations Subcommittee on Energy and Water Development will hold a business meeting to markup their appropriations bill for FY19.
- Senate Committee on Foreign Relations will consider the reauthorization of the Global Food Security Act of 2016 for five additional years.
- Senate Appropriations Subcommittee on Agriculture, Rural Development and Food and Drug Administration will markup their appropriations bill for FY19.
- Senate Finance will host a hearing to examine rural health care in America, focusing on challenges and opportunities.
- The full Senate Appropriations committee will markup the FY19 bills for Energy and Water Development and Agriculture, Rural Development and Food and Drug Administration. The bills will set forth budgetary levels for fiscal years 2019 through 2027.
A Quick Look Back
- House Farm Bill Fails As Conservatives Revolt Over Immigration
- USDA on Farm Bill: Don’t Let the Perfect Be the Enemy of the Good
- A new NAFTA will probably not get done this year. Now what?
- House Appropriations Committee approves the FY 2019 bill
- Senators Fear EU’s Cheesy Deal with Mexico
- Pa. Supreme Court hears arguments on Philly soda tax
Pertinent Timing Ticker
132 total days until the farm bill expires (Sep. 30, 2018).