Wed, 23 Apr 2008 14:11:00 GMT
U.S. President George W. Bush on Tuesday called on Congress to give up its deadlocked negotiations over a $600 billion farm law and pass by Friday a
one-year extension of the 2002 law, popular in farm country.
The White House proposal would erase hopes in Congress of large increases in funding for nutrition programs like food stamps and in land stewardship. Some farm lobbyists say a bill cannot pass without rewarding those popular programs.
House and Senate negotiators, meeting minutes after the White House issued Bush’s statement, said they would make a final effort to wrap up the new law. The optimism was mixed with sober words that time is short.
Posted in News
Mon, 21 Apr 2008 16:43:00 GMT
Prof. Bob Cropp’s April
Dairy Situation and Outlook report is available in the
Dairy Situation section of our website.
Posted in Announcements
Thu, 17 Apr 2008 16:40:00 GMT
The House passed a
one-week extension of current farm law Wednesday, hoping to give Congress more time to finish a multibillion-dollar farm bill that is stalled by a dispute over tax breaks.
Negotiations on the roughly $280 billion, five-year bill to expand agriculture and nutrition programs are in disarray with lawmakers from the House and Senate squabbling over how to pay for it. The White House says both the current House and Senate versions are too expensive and has threatened a veto if either one reaches the president’s desk with the spending intact.
Posted in News
Wed, 16 Apr 2008 12:18:00 GMT
The
May Class I prices
for California represents the sixth time in the last 7 months that this price has declined. It decreased by $1.14 to $18.78 in the north and
$19.05 in the south. The May
Federal Order Class I base price is released April 18.
Posted in Dairy-Related Prices
Fri, 11 Apr 2008 15:28:00 GMT
Agriculture leaders in the U.S. House of Representatives
unveiled a new farm bill proposal during a meeting Thursday with their Senate counterparts on a conference committee tasked with forming unified legislation over the next several days.
House Agriculture Committee Chairman Collin Peterson, D-Minn., told reporters that he expects Senate conferees to take the next few days to scrutinize the proposal and perhaps make a counter proposal as early as Monday.
The new House plan would go $5.5 billion over the farm bill budget, a sharp drop from the $10-billion-over figure that senators have been planning, but Peterson said he did not want to include a controversial $4 billion farm disaster program.
Posted in News
Thu, 10 Apr 2008 16:03:00 GMT
The U.S. House of Representatives Wednesday
appointed conferees to work with senators to create a unified farm bill, laying down a blueprint for agricultural and nutrition policy for five years.
The appointment of conferees paves the way for Congress to finish work on a five-year 2008 farm bill, House Agriculture Committee ranking minority member Bob Goodlatte, R-Va., said.
Rep. Dennis Cardoza, D-Calif., said in a statement: “The appointment of conferees is a significant step towards completion of the Farm Bill.”
Posted in News
Wed, 09 Apr 2008 11:46:00 GMT
The U. S. Department of Agriculture’s Animal and Plant Health Inspection Service is amending its bovine tuberculosis (TB) regulations regarding state and zone classifications by
removing Minnesota
from the list of modified accredited advanced states and adding it to the list of modified accredited states.
As a result of Minnesota’s reclassification as a modified accredited state, the interstate movement of cattle and bison moving from Minnesota will be restricted, according to federal regulations, in order to prevent the spread of tuberculosis. Increased TB testing and certification requirements will affect all cattle and bison moving interstate except those animals moving to slaughter or originating from accredited herds.
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here.
Posted in News
Mon, 07 Apr 2008 15:18:00 GMT
The surge in grain prices has caused U.S. Midwestern land values to rise as well, but prices have now expanded so far, so fast that some experts worry that the farmland market has become a
bubble waiting to burst.
“Recent increases in farmland prices raise questions about whether the farmland price increases are outpacing increases in farmland returns,” said Gary Schnitkey, farm financial-management specialist at the University of Illinois extension program
Posted in News
Mon, 07 Apr 2008 14:33:00 GMT
Speculative-fund buying took Chicago Board of Trade corn futures to
all-time highs
last Wednesday, with the lead contract testing the $6 area on ideas that adverse weather could delay plantings.
Nearby CBOT May corn rose 11.75 cents a bushel to settle at $5.9575, near its intraday and all-time high of $5.9925. Deferred contracts, including the December contract, representing the soon-to-be-planted crop easily settled above the $6-per-bushel mark.
Posted in News
Fri, 04 Apr 2008 19:21:00 GMT
According to today’s dairy products report,
total Feb. cheese output was 784 mil. lbs,
4.8% above Feb. ‘07 but 3.5 percent below Jan. ‘08.
Italian type cheese prod. was 335 mil. lbs, 4.8% above
Feb. ‘07 but 4.8% below Jan. ‘08.
American type cheese prod. totaled 319 mil. lbs, 4.5% above
Feb. ‘07 but 4.4% below Jan. ‘08.
Butter prod. was 147 mil. lbs., 9.4% above Feb. ‘07 and
13.1 % below January ‘08.
Posted in Statistics
