Congress Is Poised to Delay Again on Farm Bill, Leaving Families in Limbo
Published On Nov 27, 2024, 10:45 AM
Congress is currently in conflict over a new farm bill needed to support American farmers and food assistance programs, which has not been updated since 2018. Disagreements between Republicans and Democrats center on how to fund the bill, with Republicans wanting to cut food assistance for low-income people while Democrats oppose any reductions in this area. With President-elect Donald Trump set to take office and Republicans controlling Congress, the chances of reaching an agreement are slim, leaving farmers and needy families in limbo regarding federal support.
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The deadlock over the farm bill could negatively impact agricultural stocks and food assistance programs. Companies involved in agriculture may see uncertainty affecting their operations and federal support. Additionally, if food assistance programs are cut, it could lead to lower food security, affecting consumer spending and overall economic health.