Wiesemeyer: U.S. Farm Bill showing signs of forward momentum — what does it mean for Canada?

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It’s unlikely the U.S. Farm Bill gets passed in 2024 by Shaun Haney’s estimates, but what does Jim Wiesemeyer, D.C. policy analyst for Pro Farmer magazine think?

Plenty of things need to happen for this bill to be passed, Wiesemeyer says, but there is some impetus to get well into the process by June. That’s because it’s expected that the Chairman’s Markup version (listen for an explanation of what that entails) is anticipated in mid to late May, and that would mean the bill moves forward before another baseline (for pricing) is passed in June.

If that markup goes ahead, Wiesemeyer says there is a slight chance this bill passes before the end of the calendar year. Wiesemeyer has seen 11 of 19 Farm Bills pass in his career and knows the path they “usually” take but “nothing’s normal anymore,” he says.

As far as Canada is concerned, watch for the initial proposals to possibly double the funding for U.S. trade promotion, the market access program and other trade policies, he says.

And what happens if Trump gets elected in November? What happens if Biden is re-elected? Good questions, says Wiesemeyer, and there are a few scenarios to ponder for each option.

Listen/watch below for more on the discussion on what it will take to get the Farm Bill passed, plus an update on the Mexico/U.S. disagreement over GMO corn:

 

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