Daily Harvest -- 10/3/2013
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FARM & RURAL POLICY
Agri-Pulse: Impact of government shutdown and farm bill expiration
- (Audio) USDA has shut its doors and turned off its website during the partial government shutdown. That means there is no access to commodity reports, which impacts commodity brokers across the country. If it lasts until October 11, they would likely not get one of the most important supply and demand reports.
Agri-Pulse: With rollout of Affordable Care Act, rural advocates still divided
- (Subscriber only) While some view the Patient Protection and Affordable Care Act (ACA) as a welcome reprieve for rural communities with limited access to health care providers, others say it's a hasty overreach that could stifle competition and raise premium rates.
Des Moines Register: New food aid vouchers for moms, kids cut off amid federal shutdown
- Iowa officials say the government has money to honor the existing healthy-food vouchers that are circulating here for children and pregnant women, but Iowans won’t be able to get new vouchers until the shutdown ends.
Wall Street Journal: Shutdown Leaves Key USDA Report in Question
- The partial U.S. government shutdown has thrown into question whether the U.S. Department of Agriculture will release a monthly crop report next week that is closely watched by commodities traders and often leads to sharp moves in the price of corn and other crops.
TRADE & INTERNATIONAL
Agri-Pulse: CFTC rule threatens agricultural futures customers, say House Agriculture hearing witnesses
- Futures market regulators and participants testified that certain elements of a rulemaking proposal issued by the Commodity Futures Trading Commission (CFTC) would harm the agricultural community.
Wall Street Journal: CFTC Is Away as New Swap Rules Take Effect
- After wrangling for months with U.S. regulators over new swaps-trading rules, banks, brokers and investors had a new grievance Wednesday as the regulations took effect: The Commodity Futures Trading Commission's out-of-office message was on.
Bloomberg: Dodd-Frank Change Among Bills Overtaken by Shutdown
- Measures affecting Dodd-Frank Act requirements and the first bill to increase U.S. port dredging since 2007 won’t move forward in Congress while the government remains shut down, according to two Republican leadership aides.
Financial Times: Record cattle prices suggest caution
- The Chicago Mercantile Exchange this week warned that a prolonged government shutdown could impact settlement procedures for some of its livestock futures products – just one more example of how Washington’s gridlock may affect markets.
Financial Times: US, Canada and Mexico businesses push for further integration
- Chief executives from the US, Canada and Mexico are asking their governments to ratchet up the integration of North America’s economies in border clearance, regulation and energy security, in order to create a more competitive trading bloc.
LA Times: Brazil property rights: Tribes and farmers battle to the death
- The often-deadly property rights battles between farm owners and tribes such as the Terena are likely to continue.
CONSERVATION, ENVIRONMENT & WILDLIFE
Agri-Pulse: FAO sees potential 30 percent cut in livestock GHG emissions
- (Subscriber only) Greenhouse gas emissions (GHGs) by the livestock sector could drop by as much as 30 percent through the wider use of existing best practices and technologies, according to a study released recently by the U.N. Food and Agriculture Organization (FAO).
The Hill: Senate accuses EPA of evasiveness on streams
- Six senators on the Environment and Public Works Committee sent a letter to the Environmental Protection Agency (EPA) on Wednesday accusing it on being “less than forthright” about old guidance on precisely which bodies of water the agency can oversee.
FARM LABOR & IMMIGRATION
Agri-Pulse: House Democrats offer bill to provide legal status to undocumented farm workers
- House Democrats introduced comprehensive legislation reform legislation today which aims to provide a pathway to legal status for millions of undocumented people - many of whom are farm workers.
The Hill: Pelosi rallies Dems behind sweeping immigration proposal (video)
- Behind House Minority Leader Nancy Pelosi (D-Calif.), the Democrats said Wednesday that postponing the debate would be a mistake.
Agri-Pulse: Monsanto acquires weather data company Climate Corporation
- Monsanto announced an agreement today to acquire data company The Climate Corporation for approximately $930 million.
Segment: Monsanto 4th-qtr Loss Widens As Seed Sales Decline
- Monsanto reported worse-than-expected losses for its fiscal fourth quarter on Wednesday, due to lower sales of its genetically engineered seeds.
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