Weekly Food & Agriculture Update 9.13
WEEKLY FOOD & AGRICULTURE UPDATE
September 13, 2021
- Big Picture Outlook
- The Week Ahead
- MTA in Action
- A Quick Look Back
- Contact the Team
Big Picture Outlook
House Committee Markups of $3.5 Trillion Reconciliation Bill Continue – The initially announced deadline to complete work on this bill in the House of September 15 may be pushed back to September 17 as House Committees continue the markups of funds within their jurisdiction. The House Agriculture Committee spent hours debating = roughly $66 billion in funding for forestry programs, rural development, biofuels, and ag research and infrastructure. An additional $28 billion, allocated to conservation and debt relief, do not have any bill text yet and could be included before the final House vote. Senator Joe Manchin (D-WV), a crucial vote needed in the evenly divided Senate, stated that he will not support a $3.5 trillion price tag, but would prefer the total package cost $1.0-1.5 trillion.
Continuing Resolution Expected – Government funding is on track to expire on September 30, with neither chamber completing all 12 appropriations bills. The House will likely try to pass a Continuing Resolution the week of September 20 to extend government funding into the middle of December. This bill is expected to include additional emergency funding for natural disasters including Hurricane Ida and wildfires on the west coast.
Debt Ceiling Breach Expected in Mid-October – Increasing the U.S. Government’s debt limit, a typically bipartisan action, was not addressed in the recent Democratic budget reconciliation text, and Republicans steadfastly state they will not help raise this limit. Treasury Secretary Yellen is using “extraordinary measures” to delay breaching the current limit but says she will run out of room to maneuver once the country hits its borrowing limit, expected as early as mid-October . Without raising the limit, the U.S. Treasury won’t be able to pay expenses by any means beyond the use of incoming tax revenues, creating a ripple effect without enough cash to go around for routine and ongoing costs.
The Week Ahead
Monday, September 13
- 8:00 AM EST: House Committee on Agriculture holds a business meeting for consideration of a proposal to satisfy the Committee’s reconciliation instructions required by S. Con. Res. 14
Tuesday, September 14
- 9:00 AM EST: House Committee on Ways and Means holds a business meeting for legislative proposals to comply with the reconciliation directive included in section 2002 of the Concurrent Resolution on the Budget for FY 2022, S. Con. Res. 14. Committee print consisting of Subtitles F, G, H, and J: Budget Reconciliation legislative recommendations relating to infrastructure financing, green energy, social safety net, and prescription drug pricing
Wednesday, September 15
- 9:00 AM EST: House Committee on Ways and Means holds a business meeting for the second day of the markup of S. Con. Res. 14. and the addition of a motion to transmit recommendations to the Committee on the Budget along with an amendment in the nature of a substitute to add Subtitle I, legislative recommendations relating to funding or priorities
- 9:30 AM EST: Senate Committee on Agriculture, Nutrition, and Forestry Subcommittee on Livestock, Dairy, Poultry, Local Food Systems, and Food Safety and Security holds a hearing to examine milk pricing, focusing on areas of improvement and reform
To see a full list of House and Senate Committee business, visit here.
MTA in Action
MTA Vice President James Glueck Discusses His Past with Agri-Pulse– James shared stories about his time working at USDA under the Bush Administration and as Republican staff director for the Senate Ag Committee. He also reflected on lessons learned from working on GMO labeling.
A Quick Look Back
“Ag Rail Costs on the Rise” Agri-Pulse
Contact the Team