Jim Wiesemeyer

Jim Wiesemeyer was a Pro Farmer contributor as the Washington Bureau Chief. His columns provided expertise and insight on farm policy, trade policy and Washington politics.

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President Biden’s USDA FY 2023 budget proposal focuses on climate, conservation and research with $3.8 billion discretionary spending increase for USDA with climate, conservation and clean energy the major focal points.
USDA now expects food price inflation in 2022 to be from 4.5% to 5.5%, compared with 2021, based on the all-food Consumer Price Index. No category shows a potential decline.
Congress returns Monday, but to a very different situation due to Russia’s invasion of Ukraine, which is expected to be one of the key issues President Biden talks about during his State of the Union address.
Mounting conflict in the breadbasket of Europe is driving volatility in wheat markets as Russia and Ukraine account for 29% of global wheat exports.
On Monday the People’s Bank of China also announced a 0.1 percentage point cut to two of its key policy rates. It acted after GDP grew by more than 8% in 2021, but slowed down in the fourth quarter.
Senate leadership’s timeline for the BBB proposal is just before Christmas, according to Majority Leader Chuck Schumer. Centrist Sen. Joe Manchin is calling for a strategic pause for the vote, delaying it into 2022.
Union: New offer has modest modifications to offer voted down Nov. 2; Vote Wed.
Net cash farm income, which tracks producers’ cash flow, is forecast by USDA at $134.7B for 2021. That number is up $6.4B from February’s forecast and would be an increase of 21.5% from 2020’s $110.9B.
Secretary Vilsack flatly denied there is any effort by President Biden to reduce meat consumption to meet proposed cuts in greenhouse gas emissions. “Sometimes in the political world, games get played,” he said.
No funding for border wall, but lawmakers will discuss border security in weeks ahead