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$40 BILLION UKRAINE AID BILL PASSED BY CONGRESS, DOESN'T INCLUDE INCENTIVE TO DOUBLE CROP SOYBEANS AND WHEAT
May 20, 2022
Agri-Pulse reports:
A $40 billion supplemental spending bill to address the war in Ukraine won final passage in the Senate, 86-11, on Thursday.
The measure includes $4.3 billion for the U.S. Agency for International Development for international food aid and humanitarian assistance. Another $20 million is earmarked for USDA's Bill Emerson Humanitarian Trust, an account used to buy U.S. commodities for food aid.
The Alliance to End Hunger, a food security advocacy group, said the bill shows "our nation's continued leadership in making sure people do not starve."
Take note: A number of ag provisions proposed by the White House were dropped from the package after failing to gain traction in Congress, including measures to raise marketing loan rates and pay farmers $10 an acre to double-crop soybeans and wheat.
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