Ag Appropriations Update

Late Saturday, the Senate, by vote of 56 to 40,   http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=113&session=2&vote=00354    approved a nearly $1.1 trillion omnibus appropriations bill (H.R. 83) that funds most of the federal government, including agriculture, for the remainder of FY 15 (through Sept. 30).  The only department not included in the package is Homeland Security, which will operate under a continuing resolution (CR) until March 1.  On the vote, 21 Democrats, 18 Republicans, and 1 Independent voted against the legislation.

 

Passage by the Senate, followed earlier approval last week by the House, which voted 219 to 206,    http://clerk.house.gov/evs/2014/roll563.xml    in favor of the legislation.  On that vote, 67 Republicans voted against the bill and 57 Democrats voted for it.  H.R. 83 now goes to President Obama to be signed into law.  Under the legislation, both MAP and FMD will receive full authorized funding of $200 million and $34.5 million respectively for FY 15.

More Advocacy Issues

On April 14, 2021, Memphis stakeholders wrote a letter to Chairman Oberman of the Surface Transportation Board expressing the need for assistance in resolving the current inland rail crisis affecting importers, exporters and motor carriers in the area. See the full letter below. Click Here

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On March 15, 2021, Mississippi State University published the expected PLC payments for the 2020 year. Please see the link below for more information. Click Here

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The link below provides an overview and key takeaways from the Senate Banking Committee hearing to consider Gary Gensler to be a Member of the U.S. Securities and Exchange Commission (SEC). Click Here

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The National Cotton Council provided a cotton specific summary of the Quality Loss Adjustment Program and examples. See below. Click Here

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Yesterday, the Senate Agriculture Committee held a hearing to consider the nomination of Tom Vilsack to be Secretary of Agriculture. Click below for details from the hearing. Click Here

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China Policy and Market Update

January 29th, 2021

In December, China imported 1,629,083 bales (354,691 MT) of cotton, representing an increase of 80.43% month-on-month (m/m), and an increase of 130.9% year-on-year (y/y). The total value was USD $588.82 million, representing an increase of 89.33% m/m, an increase of 117.21% y/y. In 2020, Chinese cotton imports totaled 9,912,346 bales (2,158,159 MT), an increase of […]

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