Senate Unveils $1.7 Trillion Omnibus Spending Package. How Does it Impact Ag?

As the details of the proposed $1.7 trillion omnibus spending package were released on Tuesday, many included areas that could impact the ag industry. The folks at AgWeb helped compile a list of those with the most potential impact, including:

>> Disaster relief, including $40.6 billion for natural disasters and $3.7 billion to help cover 2022 crop and livestock issues.

>> Funding for two food programs that provide foreign food aid, as well as modernization of the summer meals program.

>> $1.92 billion for farm programs (up $55 million from FY22) to support the issues related to the succession of farmland, conservation and emergency loan programs.

>> Introduction of the Growing Climate Solutions Act, which provides resources and technical assistance to farmers participating in voluntary carbon markets.

>>Extension of the Livestock Mandatory Reporting (LMR) guidelines for meat packers and importers through 9/30/23.

The Senate is expected to pass the measure this week, then it will shift to the House for review and changes prior to Christmas. See a full breakdown of ag-related areas included in the omnibus spending package.