Daily Harvest -- 2/27/2014
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FARM & RURAL POLICY
Agri-Pulse: New Poll: Farmers plan to cut expenses, strongly oppose RFS changes
- Farmers expect to see weaker financial returns in 2014 and will adjust their expenditures - spending less on fertilizer and equipment but more on crop insurance - according to the Agri-Pulse Farm Opinion Poll launched this week in partnership with the Iowa Soybean Association (ISA).
Agri-Pulse: Senate Agriculture Committee to consider CFTC nominations
- The Senate Committee on Agriculture, Nutrition and Forestry will hold a hearing on March 6 to consider Timothy Massad's nomination to serve as chairman of the Commodity Futures Trading Commission.
Agri-Pulse: Camp releases tax reform package
- House Ways and Means Committee Chairman Dave Camp, R-Mich., released draft legislation today that promises sweeping changes to the nation's tax system, increased economic growth, lower tax rates, and job creation - but the bill faces an up-hill battle to get through Congress.
Financial Times: Grain traders’ profits hit as US farmers hoard corn
- Hoarding by US corn farmers has pinched profits at some of the world’s biggest grain merchants, even as the nation wallows in its largest harvest in history.
FOOD & NUTRITION
Agri-Pulse: Nutrition Facts Panel faces 'tweak,' not overhaul, experts say
- Experts say the revamped Nutrition Facts Panel, set to be released by FDA today, will “tweak” the information found on the back of packaged foods - but won't “overhaul” it.
Agri-Pulse: Big food firms improve social policies under pressure, Oxfam says
- Driven by consumer pressure, nine out of the world's 10 biggest food and beverage companies improved their social and environmental policies over the past year, according to an assessment by the worldwide development organization Oxfam.
National Journal: Governors Seek to Block Food-Stamp Cuts
- Several governors are trying to thwart attempts to reduce food-stamp payments to their states, in a move that could affect portions of the recently passed farm bill aimed at saving $8.6 billion over the next 10 years.
Wall Street Journal: Food Labels Set for New Look
- Food labels would have larger-font calorie counts and more realistic portion sizes under an Obama administration proposal to significantly revise nutrition labels for the first time in two decades.
TRADE & INTERNATIONAL
Financial Times: Australia offers aid to farmers as drought bites into beef trade
- 2013 was the hottest year since records began in Australia and the drought is raising questions about the viability of farming in parts of Queensland, which is home to almost half the country’s 27m cattle.
Bloomberg: Japan No Country for Old Farmers as 7-Eleven Takes Plow
- Convenience store chains Lawson Inc.and Seven & I Holdings Co.are so sure Japan’s aging farmers can’t meet demand for fresh vegetables that they’re investing in cropland and training young people to work the fields.
Los Angeles Times: U.S. wine exports uncork record revenue for fourth straight year
- Wine exports from the United States, mainly from California, generated a record high revenue of $1.55 billion in 2013, the Wine Institute reported.
The Hill: Lack of currency provisions threatens future of Obama trade agenda
- Two top Democrats said Wednesday that without currency manipulation provisions, the White House’s ambitious trade agenda has little chance of gaining traction in Congress.
Wall Street Journal: Crackdown on Rice Smuggling Blamed for Price Jump
- A crackdown on rice smuggling in the Philippines is behind a run-up in prices of the country's staple food, some traders and analysts say.
CONSERVATION, ENVIRONMENT & WILDLIFE
Agri-Pulse: Obama set to sign drought information system reauthorization bill
- President Obama is expected to sign into law legislation (H.R. 2431) that would reauthorize the National Integrated Drought Information System (NIDIS) for five years.
Agri-Pulse: Capitol will dedicate statue to Norman Borlaug
- A statue of Dr. Norman Borlaug, widely regarded as the father of the Green Revolution, will be dedicated on March 25 in the National Statuary Hall of Fame in the U.S. Capitol.
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