White House on Supply Chain and Cattle Fairness Bill Lacking
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**A proposed California water initiative is being circulated for signatures in hopes of qualifying for the November 2022 ballot.
The Water Infrastructure Funding Act would allocate 2% of California general fund spending for reservoirs and other projects to boost water availability.
California still hasn’t built projects approved in the last water bond.
Proposition 1, approved in 2014, was supposed to fund major upgrades in water storage.
**A White House fact sheet says the bipartisan infrastructure deal will improve the supply chain.
The report says the infrastructure legislation will make fundamental changes that are long overdue for ports, airports, rail and roads to ensure supply chains are more resilient and efficient from future shocks.
The legislation invests $17 billion in port infrastructure and waterways and $25 billion in airports to address a variety of issues.
**The North American Meat Institute says the Grassley-Fischer bill to improve fairness in the cattle market ignores the analysis of beef and cattle markets by the country’s leading ag economist.
NAMI President Julie Anna Potts says, “In a rush to do ‘something,’ this bill would replace the free market with government mandates and harm those it is intended to protect: livestock producers.
According to one independent analysis using USDA data, since August, prices for producers have been well above the five-year average.
