SCOTUS to Hear Prop 12 Challenge and Fuel Prices Steady
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**The Supreme Court has agreed to hear a case brought by the National Pork Producers Council and the American Farm Bureau against California’s Proposition 12.
The law bans the sale of pork from hogs not raised according to the state’s “arbitrary” production standards.
NPPC President Terry Wolters says, “We are extremely pleased that the Supreme Court will consider the constitutionality of Proposition 12.”
**The Biden-Harris Administration submitted the President’s budget for fiscal year 2023.
Ag Secretary Tom Vilsack says it "provides USDA with the tools needed to support a vibrant, revitalized, and prosperous rural America."
The budget proposes $1.1 billion to address climate change across private, working agricultural land.
Biden also proposes $1 billion to support ag producers and landowners to undertake conservation and climate-smart practices.
**After a storm of surging fuel prices followed by a week of decline, the national average is virtually unchanged from a week ago, declining just tenths of a penny to $4.23 per gallon.
The national average is up 62.4 cents from a month ago and $1.38 per gallon higher than a year ago.
The national average for diesel is up 8.2 cents from last week at $5.12 per gallon.
GasBuddy’s Patrick De Hann says, “there’s no telling what’s around the corner as the volatility in oil prices persists.”
