I'm issuing my own cease-and-desist order this morning against NCBA and R-CALF over the silly season that has begun between the two groups since last Friday's livestock competition meeting.
Recently I reported that the permanent farm disaster aid program made princes and paupers out of farmers in states struck by farm revenue losses when it first launched for the 2008 crop last January. SURE, the Supplemental Revenue Assistance program, rewarded some growers with maximum $100,000 payments while others with equally legitimate losses collected zero because of technical glitches.
A common practice in bankruptcy law is causing big headaches for many farmers who did business with the now-bankrupt ethanol producer VeraSun Energy Corp., according to a piece on Minnesota Public Radio, http://dld.bz/ukzh.
The U.S. faces two new challenges in growing Japanese beef demand: a falling birth rate in Japan, and a rising average life expectancy of Japanese citizens.
Presidential election years are normally a period of high volatility in Brazil. It is an indication of how far the country has come, though, with just over a month to Election Day and the financial markets have hardly flinched as left-wing female candidate Dilma Rousseff leads the polls.
Two economies diverged on the graph... and ag is the stronger one, for now.
The national economic mood is increasingly pessimistic, yet the agricultural economy is doing well. Can this continue? It depends on the answer to the question at the heart of today's national economic debate -- slow growth or double dip?
The U.S. Department of Justice is suing a western Michigan dairy it claims sold cows that contained illegal traces of antibiotics in their bodies, according to the Associated Press. Justice Department officials filed a complaint Tuesday in a federal court in Grand Rapids that Scenic View Dairy sold cows from three farms for human consumption in spite of numerous warnings.
Outside Markets Factory Orders, Pending Home Sales Index (9 a.m. CT); Stock markets, dollar, crude oil
Weather Extent of rain in northern, western and central Midwest; Continued dry conditions elsewhere, raising concerns in parts of the Eastern Corn Belt
Ag Policy Political repercussions of the egg recall
Thu Sep 2, 2010 07:37 AM CDT Some of the agriculture advocacy groups created by various producer organizations and allied industries have opted not to discuss the 550-million egg recall and the large farm organization at the center of the federal health probe and possible criminal investigation.
Thu Sep 2, 2010 10:55 AM CDT Market action this week seems to confirm fundamentals are taking control in all three grains, and it could get a lot more interesting when the calendar turns to 2011.
Thu Sep 2, 2010 10:40 AM CDT Armed with a college education, farm kids with limited opportunities on the family operation are finding there are other ways to stay in agriculture.
Wed Sep 1, 2010 04:31 PM CDT USDA is trying to comply with a federal court ruling to complete an environmental impact statement for a crop that already has converted 95 percent of production to Roundup Ready seeds, even though a federal judge ruled USDA should not have deregulated the crop.
Wed Sep 1, 2010 10:58 AM CDT Export basis bids for cash corn have fallen apart at U.S. Gulf grain ports as Gulf terminals are rapidly filling to capacity with new-crop grain as well as deliveries of hold-over old-crop corn.