"I think Chairman [Frank Lucas (R-OK)] and the committee have done an awful lot of good work. No decisions about coming to the floor," Boehner told reporters during a press conference. He also said he had some reservations about provisions in the bill, citing what he called "a Society-style dairy program" as an example.
The lack of a timeline is worrying for agricultural interests as current farm bill expires September 30 and there are only a handful of working days left before August recess. Politico reported late Thursday that the bill is one "republican leaders seem to want nothing to do with" and unlikely to see a floor vote -- a decision that would infuriate both sides of the aisle and likely force Congress to vote on an extension of current policy.
The House version of the bill, which cleared the ag committee by a 35-11 vote, cuts $16.5 billion from food stamps, roughly $12 billion more the Senate version of the bill that cleared the upper chamber last month. While both bills eliminate direct payments -- which have become increasingly controversial as both farm income and deficits soar -- the House bill added a new price support system and new insurance for rice and peanut farmers who found the Senate's safety net lacking.
Food Safety-Related Issues
During markup the committee defeated an amendment by Rep. Vicki Hartzler (R-MO), 20-25, that would have repealed catfish inspection at the USDA. A similar amendment was added to the Senate version after Sens. John McCain (R-AZ) and John Kerry (D-MA) sharply criticized the program as wasteful (the Government Accountability Office also deemed the program duplicative and questioned whether there would be a food safety benefit).
In committee, Rep. Rick Crawford (R-AR), argued that the inspection program is necessary. Committee ranking member Colin Peterson (D-MN) commented that he believes the program is not duplicative because it simply moves inspection from the U.S. Food and Drug Administration to the USDA.
By voice vote the committee adopted an amendment by Rep. Dennis Cardoza (D-CA) that directs USDA to study the feasibility of an insurance program for growers negatively impacted by -- but did not cause -- recalls or foodborne illness outbreaks. A similar amendment was added to the Senate version by Sen. Dianne Feinstein (D-CA).
The committee also approved amendments to require the USDA to submit a report within 90 days after the farm is enacted detailing how the department will comply with the recent World Trade Organization ruling against the U.S. country-of-origin labeling program and to repeal rules that the USDA's Grain Inspection Packers and Stockyards Administration implemented under the 2008 farm bill and stop USDA from further work on related regulations.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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