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CRS Reports Now Public

Market Intel / September 21, 2018

Congressional Research Service reports are as good as  reports get, but until this week, they were for Congress’ eyes only. Now, however, the reports are accessible to everyone through the Library of Congress website, as mandated by lawmakers in the. omnibus spending bill, also known as the Consolidated Appropriations Act, 2018.

A simple search for the word “agriculture” returns 70 results just since Jan. 1. In only the last three weeks, three excellent agriculture articles have been released: Agriculture in the WTO: Rules and Limits on U.S. Domestic Support (Sept. 6), Farm Policy: USDA’s Trade Aid Package (Sept.12)  and  Farm Bills: Major Legislative Actions, 1965-2018 (Sept. 21). Read like a Congressional staffer at https://crsreports.congress.gov/.

Contact:
Veronica Nigh
Senior Economist
(202) 406-3622
veronican@fb.org
 

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Credit: 12019/ CCO 

After months of negotiation, the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Framework (BIF), passed both chambers of Congress and was signed into law by President Biden on Nov. 15. Designed to target investments to a slew of infrastructure shortfalls across the nation, the law provides approximately $1.2 trillion in funds. Today’s article provides a summary of the funding outlays, with a focus on allotments intended to support farm and ranch families and their rural communities.

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Credit: United Soybean Board 

In recent months, we’ve been sharing stories about crowded West Coast ports. These stories could leave the impression that port traffic is stopped dead. That is, one might think the ports are so crowded that nothing is moving. To the contrary, trade volume through these ports is breaking records. U.S. agricultural exports were projected to be a record $173.5 billion in the fiscal year that ended with September, and on the other side, U.S. imports of manufactured goods were worth $1.24 trillion (with a “t”) in the six months ending with September, 24% above a year ago and 13% above the same period in 2019, our last “normal” year. But the ports are struggling to keep this pace up, and the unevenness of deliveries is causing problems across our economy.

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