Both the Senate and House Ag Committees released section-by-section outlines of the proposed 2024 Farm Bill on May 1.

Late on Friday, March 8, and hours before the deadline to avoid a partial government shutdown, the Senate passed the bill for a $460 billion spending package that includes funding for six federal agencies by a vote of 75-22. The bill, which was passed by the House with a vote of 339-85 earlier in the week, was then signed by President Joe Biden on Saturday.

Here’s an update on economic factors impacting your dairy’s financial picture as we begin March 2024.

U.S. Secretary of Agriculture Tom Vilsack recently announced that the USDA is providing 15 awards totaling $115 million in 17 states that will go toward beefing up independent processing capacity across the country.

The USDA announced on Feb. 13 new investments and strategies to help farmers and ranchers conserve water, address climate change and build drought resilience in the West, supported in part by funding from the Inflation Reduction Act.