Daily Harvest -- 8/27/2014
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FARM & RURAL POLICY
Agri-Pulse: RMA provides new maps, online tool to help understand SCO, STAX
- The U.S. Department of Agriculture (USDA) released additional information on the Supplemental Coverage Option (SCO) availability for Spring 2015 crops and an online decision-making tool how SCO can interact with the new Stacked Income Protection (STAX) plan.
Agri-Pulse: Longshoreman ratify agreement, resume work at key northwest export terminals
- After almost two years of controversial contract negotiations which threatened the stability of U.S. agricultural exports, the longshoreman who load grain here have voted to ratify a new collective bargaining agreement with several grain companies and will return to work on Wednesday. A tentative agreement was reached August 12th.
Agri-Pulse: Iowa governor blames EPA for Deere layoffs
- (Audio) The EPA sent a final version of the 2014 volume requirements under the RFS to the White House OMB last week, but Iowa Governor Terry Branstad said it’s coming too late and he blames the uncertainty of the proposed rule for the layoffs at John Deere.
Agri-Pulse: USDA predicts farm income to fall to lowest since 2010
- (Subscriber only) USDA's latest projection for net farm income for 2014 shows income dropping sharply from 2013 but not as much as previously predicted.
Agri-Pulse: Iowa farmers say yield top factor in soybean variety choice
- Iowa soybean farmers say yield is the top factor in determining the seed they'll plant and the person on whom they rely for objective information is their seed dealer.
Bismarck Tribune: Ag groups urge federal flexibility
- North Dakota producers are pressing the top federal official overseeing the new five-year farm bill to keep their interests in mind and to allow flexibility.
KITV: Concerns increase over Maui GMO law after Kauai decision
- With Kauai's law meant to restrict the use of GMO seeds and pesticides ruled invalid, many are wondering how that will impact similar efforts on neighboring islands.
The Times-News: Farmers may apply to terminate acreage contracts under Farm Bill
- Farmers with acreage under contract through the Conservation Reserve Program can apply for early contract termination under the 2014 Farm Bill.
Financial Times: Grain prices slide to cut US farm incomes
- A slide in grain prices will cut US farm income sharply from last year’s record levels, official projections show, signalling an end to boom times in the grain belt.
Bloomberg: U.S. 2014 Farm Income Seen Falling 14% From Record 2013
- Lower prices for corn and soybeans will drive the profits of U.S. farmers down to an estimated $113.2 billion in 2014, a decline of 14 percent from last year’s record, according to the Department of Agriculture.
Wall Street Journal: Farm Bill Has Become a Midterm Flash Point
- On the road to winning Iowa's Republican Senate primary, state senator Joni Ernst opposed the five-year farm bill passed by Congress. Now, her stance on the legislation has become the focus of attacks from her Democratic opponent in the general election, Rep. Bruce Braley.
Agri-Pulse: Cenex Tank Program to help retailers offer E15
- CHS, a leading energy, grains and foods company and the nation's leading farmer-owned cooperative, has announced a new program to better enable some of the 1,400 Cenex branded locations to meet consumer demand for an E15 ethanol blend.
FOOD & NUTRITION
Financial Times: Warren Buffett defends Burger King’s tax deal
- Warren Buffett has defended his involvement in a controversial tax inversion deal that will transfer Burger King’s headquarters to Canada, as part of its $11.4bn acquisition of coffee and doughnuts chain Tim Hortons.
Wall Street Journal: High Food Prices Lead to Trade-offs Even in Upper-Income Households
- After a few years of steadily upward-creeping prices, experts say this fall many more families will start to feel the sting of higher food bills, as several economic events push the price of staples to new heights.
Tulsa World: New partnership program Food on the Move targets food deserts
- More than 400 people from various geographic and economic backgrounds gathered for lunch on the lawn outside the Tulsa Community College Northeast Campus on Tuesday for the inaugural Food on the Move.
TRADE & INTERNATIONAL
Agri-Pulse: Commerce agrees Mexico unfairly subsidizes sugar exports to U.S.
- The U.S. Department of Commerce (DOC) said Mexican sugar subsidies are giving the country's sugar mills an unfair trade advantage and imposed duty deposits on their shipments into the U.S.
Reuters: U.S. slaps duties on Mexican sugar imports, may push up prices
- The United States will slap anti-subsidy import duties on Mexican sugar, sources said on Tuesday, a move that could push up candy and soft drink prices for U.S. consumers and incite retaliation from Mexico on other products.
Wall Street Journal: China Is Awash in Grain Crops
- As the harvest looms next month, the country is on track for an 11th year of bumper grain crops. But production is too much, even for the world's most populous nation, with warehouses bursting at the seams and posing a dilemma for policy makers.
Bloomberg: Missouri River Could Ease Grain Bottleneck on Railroads
- The Missouri River might help alleviate grain backups caused by railroads hauling more crude oil in the northern U.S., though federal spending on infrastructure and changes in water allocations may be needed, said Michael Toohey, head of Waterways Council Inc.
CONSERVATION, ENVIRONMENT & WILDLIFE
New York Times: Greenhouse Gas Emissions Are Growing, and Growing More Dangerous, Draft of U.N. Report Says
- Runaway growth in the emission of greenhouse gases is swamping all political efforts to deal with the problem, raising the risk of “severe, pervasive and irreversible impacts” over the coming decades, according to a draft of a major new United Nations report.
New York Times: Obama Pursuing Climate Accord in Lieu of Treaty
- The Obama administration is working to forge a sweeping international climate change agreement to compel nations to cut their planet-warming fossil fuel emissions, but without ratification from Congress.
Bloomberg Businessweek: Can You Lease a Dairy Cow? And Other Legal Questions
- Purdy culled his dairy cows—replaced them with new ones—at such a rate that the entire herd turned over in about three years, leading the court to conclude that the economic life of the cows was shorter than the term of the lease.
Baltimore Sun: Farmers win long-term lease to stay at former Naval Academy dairy farm in Gambrills
- The operators of the former Naval Academy dairy farm in Gambrills, who sparked debate earlier this year when they announced plans to cut back organic farming practices there, will get to stay on the property another five years, Anne Arundel County officials said Tuesday.
The Hill: Dem poll: Iowa Senate race a dead heat
- Democratic Rep. Bruce Braley is essentially tied with Republican Joni Ernst in a new poll of the Iowa Senate race, the latest indication the race is more of a challenge Democrats had expected.
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