Adeal approved by the U.S. Congress late New Year’s Day to avoid the automatic tax hikes and spending cuts known as the “fiscal cliff” also includes measures to avert the “dairy cliff” — a steep increase in milk prices. The tax agreement contains a nine-month fix for expiring farm subsidy programs by extending a 2008
U.S. fiscal plan averts steep rise in milk prices
U.S. fiscal plan averts ‘dairy cliff’
A deal approved by the U.S. Congress late on Tuesday to avoid the automatic tax hikes and spending cuts known as the "fiscal cliff" also includes measures to avert the "dairy cliff" — a steep increase in milk prices. The tax agreement contains a nine-month fix for expiring farm subsidy programs by extending a 2008
U.S. crop insurance a post-election target
The federal government will likely shell out $15 billion or more for its share of crop losses caused by drought
Reuters – Federally subsidized crop insurance will be a big target for U.S. lawmakers looking to cut the budget deficit in the lame-duck session of Congress that opened recently after a status quo general election. But lawmakers aren’t expected to break their deadlock over enacting a five-year, $500-billion Farm Bill covering a wide range ofBigger U.S. soybean crop eases tight world supply
The U.S. soybean crop is much bigger than expected, helping to ease a worldwide supply squeeze, thanks to late-season rains that offset the impact of the worst drought in half a century, the government said Nov. 9. In an report on crops around the world, the U.S. Agriculture Department raised its forecasts of global soybean,
USDA sees U.S. soy crop easing tight world supply
The U.S. soybean crop is much bigger than expected, helping to ease a worldwide supply squeeze, thanks to late-season rains that offset the impact of the worst drought in half a century, the U.S. government said Friday. In an report on crops around the world, the U.S. Agriculture Department raised its forecasts of global soybean,
Crop-insurance tab for U.S. drought could top $15 billion
Reuters / U.S. taxpayers could pay a record $15 billion to subsidize the privately run crop insurance program in the wake of this year’s devastating drought. The program’s runaway costs are in focus as Congress looks for ways to cut government spending, making crop insurance a bigger target for reforms. Precise estimates won’t be available
U.S. shifts key crop report release time to midday
The U.S. government will begin issuing major agricultural reports at midday, when Chicago trading is in full swing, abandoning the early morning release of the world’s most important crop data after almost two decades. After a months-long debate following the adoption of nearly around-the-clock futures trading, the U.S. Agriculture Department said Wednesday that from January
Ethanol output to drop 10 per cent
U.S. ethanol production will fall by 10 per cent in the coming year as rising prices from the drought cut exports in half, a University of Missouri think-tank forecast on Aug. 28. The Obama administration is weighing whether to relax a requirement to use corn-based ethanol in gasoline as meat and dairy farmers complain that
USDA finds drought hurt world’s crops less than feared
Searing droughts in the United States and Russia will deplete harvests of wheat, corn and soybeans, the U.S. government said on Wednesday, but global food supplies were not hurt as badly as many had feared. With the U.S. harvest off to a fast start, the U.S. Department of Agriculture said the country’s corn crop would
U.S. plans to cut GMO crop oversight
Efforts to write benefits for biotech seed companies into U.S. legislation, including the 2013 Farm Bill, are sparking a backlash from groups that say the multiple measures would severely limit U.S. oversight of genetically modified crops. From online petitions to face-to-face lobbying on Capitol Hill, an array of consumer and environmental organizations and individuals are
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