Bill Certainly Stimulates Your Opinions

President Barack Obama will sign the $787 billion American Recovery and Reinvestment Act of 2009, more commonly known as the Stimulus Bill, in Denver, CO, today. How will that affect you?

Obviously, only time will really tell. However, there are some agricultural industry-related items. The bill provides more funding for USDA’s nutrition programs, including food stamps, and will allow the agency to make loans and grants to rural businesses and for housing. It also extends the tax credits for three more years for energy supplied by wind, biomass, and solar cells – credits that were set to expire in 2010. Other upgrades for USDA include a new permanent disaster program and ACRE (average crop revenue election) program. However, according to agriculture.com, many ag economists believe the latter two programs will stretch the resources of the Farm Service Agency.

One item that landed on the cutting room floor was $250 million for USDA to spend on bioenergy. However, the Department of Energy received $1.6 billion for energy research, including in biofuels.

Last week, we asked where you stand on the stimulus plan as it stood at that time (a $825 billion proposal) and provided three responses to choose from: for it, against it, don’t have a clue. Those who participated overwhelmingly (72%) said they were against the plan, and some of you didn’t hesitate to share your views:

  • “There was no HELL NO! choice in your survey,” wrote in Tom.
  • “If some of the proposed projects being circulated by the radio and TV press are actually going to be part of this stimulus plan, I think it will be one of the biggest waste of taxpayer dollars in the history of the U.S.,” said an anonymous writer.
  • “After passing the bailout, the ‘powers to be’ have no idea how to spend the money,” noted Merrill Hammons. “Obama has been quoted that he will spread the wealth. He will spread the wealth by giving people that owe no taxes money and the rest of us slobs that pay taxes will receive the largest increase in taxes in the history of this country.”
  • “(It’s) one of the most thoughtless and foolish ways Congress and our president will spend money we don’t have, putting the burden of payback on my children, grandchildren, and great-grandchildren,” wrote another anonymous reader.

And yet another anonymous respondent offered this suggestion: “Please e-mail these survey results to every representative and senator in Washington. Maybe it might help a few of them see how their constituents really feel.”

Here are several links to an overview and state-by-state numbers for key segments of the Stimulus Bill, including energy, courtesy of the White House Media Affairs Office:

OVERVIEW ON AMERICAN RECOVERY AND REINVESTMENT ACT
IMPACT OF AMERICAN RECOVERY AND REINVESTMENT ACT ON WORKING FAMILIES
EMPLOYMENT NUMBERS BY STATE
EMPLOYMENT NUMBERS BY CONGRESSIONAL DISTRICT
EDUCATION FACT SHEET
ENERGY FACT SHEET
HEALTH CARE FACT SHEET
INFRASTRUCTURE FACT SHEET

Now that the bill has passed and hopefully you’ve had a chance to at least investigate how it will affect your industry, what do you think?

Leave a Reply

Latest News
Eric SfiligojNo Alternative Facts: Dicamba Cropping System Applicato…
January 23, 2017
During President Donald Trump’s inauguration, much fuss was made over the use of the term “alternative facts” vs. some of Read More
Young Corn Plants
ManagementTimac Agro USA Acquires Michigan Ag Retailer
January 20, 2017
Timac Agro USA, an agriculture supply company specializing in high-efficiency plant and animal nutrition products, has acquired St. Louis,MI-based A&E Ag, Read More
Soybean field
Crop InputsNufarm Teams Up With John Deere Financial
January 19, 2017
Nufarm and John Deere Financial have teamed up to help farmers grow a better tomorrow. This program helps make purchases Read More
Sonny Perdue
LegislationTrump Formally Picks Perdue As Agriculture Secretary
January 19, 2017
U.S. President-elect Donald Trump officially announced Sonny Perdue as his choice for secretary of agriculture on Thursday, selecting a former Read More
ManagementPresident Trump, Wisconsin Review, and a Dow-DuPont Upd…
January 18, 2017
Editors Paul Schrimpf and Eric Sfiligoj reflect on a new administration, a recent winter show, and crop protection company mergers. Read More
Industry NewsBayer, MS Technologies Get China Approval For Balance G…
January 18, 2017
MS Technologies and Bayer have received import approval from China for Balance GT soybeans. The new Balance GT Soybean Performance Read More
Werner Baumann, Bayer AG, and Hugh Grant, Monsanto
Industry NewsReport: Monsanto, Bayer CEOs Among Latest to Make Trump…
January 18, 2017
The chief executive officers of German chemical giant Bayer AG and U.S. seed behemoth Monsanto, Werner Baumann and Hugh Grant, Read More
Giant Ragweed
HerbicidesStudy: Focusing On Weed Seedbank Can Help Manage Herbic…
January 18, 2017
Researchers writing in the latest issue of the journal Weed Science provide important insights on the control of herbicide-resistant giant Read More
Management3 Financial Trends To Watch In Agriculture
January 17, 2017
I recently had the opportunity to attend a meeting of credit managers for Midwest ag supply and input companies, in part Read More
Andersons Retail Store
CropLife 100The Andersons To Close All Retail Stores; Shutdown Does…
January 16, 2017
In a stunning announcement to the Toledo area, The Andersons Inc. said on Sunday that it would close its two Read More
Trimble TMX-2050 In-Cab Display
Eric SfiligojPrecision To Lead Agriculture In 2017?
January 16, 2017
Another new year is upon us! And I’m certain I speak for many in the agricultural world when I say Read More
Corn
Eric SfiligojThe Mood From Madison? In A Holding Pattern
January 16, 2017
Last week, I had the chance to attend the annual Wisconsin AgriBusiness Classic show in Madison, WI. It’s been a Read More
Syngenta Sign
Crop InputsAccenture Helps Syngenta Transform Its Global Logistics
January 13, 2017
Syngenta, a leading agriculture company, has collaborated with Accenture to design and implement a new digital logistics operating model across Read More
Fall Creek Seth Harden The Nature Conservancy
StewardshipLocal Farmers’ Watershed Initiative: Continuous Improve…
January 13, 2017
The goal in the Big Pine Watershed Project is to more intentionally do what local farmers and responsible ag retailers Read More
HerbicidesEPA Expands Enlist Duo Herbicide Registration To 34 Sta…
January 13, 2017
The U.S. EPA has expanded the geography for application of Enlist Duo herbicide from 15 to 34 states. This means Read More
Olson Ag Enterprise
CropLife 100Wilbur-Ellis Acquires Nebraska Seed Retailer
January 13, 2017
Wilbur-Ellis’ Agribusiness, a recognized leader in precision agriculture technology and the distribution and marketing of plant protection, seed and nutritional Read More
ManagementDeere-Precision Planting Update and the Ag Secretary Wa…
January 12, 2017
Editors Paul Schrimpf and Eric Sfiligoj provide the latest on the court date for John Deere/Precision Planting and the quest Read More
Monsanto sign
Seed/BiotechMonsanto, NRGene Form Agreement For Big Data Genomic An…
January 12, 2017
Monsanto Co. and NRGene have announced that the companies have reached a non-exclusive, multi-year global licensing agreement on NRGene’s genome-analysis Read More