Loading…
Lawmakers failed to agree on aid for cotton and dairy producers in the fiscal 2017 budget agreement, and neither provision was included. The National Cotton Council and House Agriculture Chairman Mike Conaway blamed Senate Democrats.
The outcome leaves the House and Senate Agriculture committees facing a multibillion-dollar budget hole for the next farm bill.
The failed dairy assistance removes a near-term support for milk prices, but the direct market effect is modest. The bigger impact is on farm-bill funding and the outlook for producer support.
agri-pulse.comPhilip BrasherMay 3, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
