Jim Wiesemeyer

Jim Wiesemeyer was a Pro Farmer contributor as the Washington Bureau Chief. His columns provided expertise and insight on farm policy, trade policy and Washington politics.

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President Biden’s USDA FY 2023 budget proposal focuses on climate, conservation and research with $3.8 billion discretionary spending increase for USDA with climate, conservation and clean energy the major focal points.
USDA now expects food price inflation in 2022 to be from 4.5% to 5.5%, compared with 2021, based on the all-food Consumer Price Index. No category shows a potential decline.
Congress returns Monday, but to a very different situation due to Russia’s invasion of Ukraine, which is expected to be one of the key issues President Biden talks about during his State of the Union address.
Senate leadership’s timeline for the BBB proposal is just before Christmas, according to Majority Leader Chuck Schumer. Centrist Sen. Joe Manchin is calling for a strategic pause for the vote, delaying it into 2022.
Net cash farm income, which tracks producers’ cash flow, is forecast by USDA at $134.7B for 2021. That number is up $6.4B from February’s forecast and would be an increase of 21.5% from 2020’s $110.9B.
USDA reports | CFTC vote | Farm Bureau meeting | Argentine drought meeting | Geithner in Asia
Some long-time Washington contacts still give the odds of a farm bill this year at only 15%.
The Rural Prosperity and Food Security Act, which builds on the proposal Stabenow released in May, includes $39 billion in new resources “to keep farmers farming, families fed and rural communities strong.”