Farm Bill Outlook Uncertain After Continuing Resolution

The passage of the continuing resolution was an important step, but it does not necessarily clear the way for the farm bill, according to Jim Callan, associate CEO of James Callan Associates. “It does take an important time-consuming matter off the table.” Lawmakers are now shifting their focus to budget reconciliation, a process for handling major expenditures, including the expiration of the Tax and Jobs Act from the first Trump administration. Callan noted that while it’s early, there are potential benefits for agriculture under the second Trump administration. “They can do some things on tax reform, extending the current tax cuts, for instance, which are really important to producers,” he said. However, trade remains a concern, particularly regarding tariffs, as producers and organizations wait to see how the administration addresses ongoing global trade challenges. Click here to listen to the full interview.