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Bob Larson Congress Averts Shutdown and Net Farm Income Higher
by Bob Larson, click here for bio

Program: The Agribusiness Update
Date: February 22, 2019

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From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**U.S. Senate Ag Committee Chair Pat Roberts of Kansas and other Ranking members have announced the Senate passage of the Pesticide Registration Improvement Act.

Roberts tells agrimarketing.com, last week's unanimous Senate passage of bipartisan PRIA legislation provides certainty to farmers, consumers, and many other stakeholders.

PRIA established a framework for EPA when registering pesticides.

This legislation includes technical changes and extends authority for EPA to collect updated pesticide registration and maintenance fees through FY 2023.

https://www.agrimarketing.com/s/122138

**Assured of President Trump's support, Congress easily cleared a fiscal 2019 spending agreement last Thursday to avert another government shutdown.

The Senate and house both passed the bill after Senate Majority Leader Mitch McConnell announced Trump would sign the bill and also issue a national emergency declaration dealing with the border.

The bill includes the Agriculture measure that funds USDA and FDA, and the Interior-Environment measure that funds the Interior Department, EPA and the Forest Service.

https://www.agrimarketing.com/s/122141

**After hitting a pothole in 2018, U.S. net farm income will recover this year under the combined effects of financial belt-tightening and rising crop prices.

According to agriculture.com, the USDA projects net farm income of $77.6 billion in 2019, which would be the highest total since the commodity boom collapsed in 2014.

USDA economists project income fluctuation in coming years, but never dropping below $75.5 billion but not topping $80 billion annually through 2028.

https://www.agriculture.com/news/business/net-farm-income-to-rebound-in-2019-as-farmers-pare-expenses

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