Russian farmers face financial crunch

“Farmers are having to unload their production at low prices to repay loans.” Russian agriculture needs more than $34 billion from a government rescue package by the end of 2008 to refinance loans and ride out the global financial crisis, the head of the country’s grain industry lobby says. Russian Grain Union president Arkady Zlochevsky

Study measures methane in belching

“What we want to find out is, what is the safe level of corn to supplement without having to compromise the productivity of the cow, and what happens to methane.” – ERMI AS KEBREAB Less methane is belched into the atmosphere by grain-fed cattle, but that doesn’t necessarily translate to lower greenhouse gas reduction. A


CWB eyes bigger exports

The Canadian Wheat Board expects to export about 14 per cent more grain in the year ending July 31, 2009, than initially forecast because of a better-than-expected harvest, its chief operating officer said Oct. 22. The global financial crisis has pressured grain prices as funds and other investors bailed out of commodities, but, overall, world

India considers oil import tax

India is considering to tax vegetable oil imports to protect the domestic industry from a slump in prices and lift a ban on exports, the farm minister said Oct. 19. Sharad Pawar also said the government would consider scrapping an export tax of 8,000 rupees (US$162.30) per tonne on basmati rice. “Global edible oil prices


World food security needs collaboration

It is interesting to see how the current financial crisis is changing the way that we think about the world. This point was driven home for me when I had the opportunity to attend a symposium last week in Berkeley, Calif. entitled “Causes and Consequences of the Food Price Crisis.” Sponsored by the Giannini Foundation,

China shores up falling crop prices

China will purchase grains for reserves at prices above current market levels, set up national soybean reserves and buy grains, rapeseed and cotton, in order to help shore up incomes of farmers whose commodity prices are falling sharply. The moves are in line with a pledge by top policy-makers this month to increase rural incomes.


British wheat prices may not cover costs

Wheat prices in Britain may no longer be high enough to cover even variable costs, particularly on lower-yielding land, Julian Bell, senior rural consultant at the Scottish Agricultural College said Oct. 16. Bell estimated the average variable costs for wheat production in Britain had risen to 90 pounds ($154.9) a tonne for the 2009 harvest,