Daily Harvest -- 10/6/2014
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FARM & RURAL POLICY
Agri-Pulse: USDA sets new whole-farm revenue protection insurance premium
- USDA's Risk Management Agency (RMA) today announced that a premium subsidy has been established as part of the new Whole-Farm Revenue Protection insurance policy, in order to offer more affordable protection to diversified farms.
Agri-Pulse: Judge tosses lawsuit challenging California egg law
- A federal judge has tossed a lawsuit brought by six attorneys general challenging a California law requiring that eggs sold in the Golden State come from hens raised with enough space to stand up, turn around and spread their wings.
Agri-Pulse: Open mic with Bob Stallman, Pres. AFBF
- (Audio) American Farm Bureau President Bob Stallman hopes the lame duck session of the congress can agree to preserve cash accounting for farmers and ranchers as well as restoring the Section 179 advanced depreciation option.
Agri-Pulse: NCBA voices concerns about beef checkoff idea
- (Audio) Agriculture Secretary Tom Vilsack met last week with some members of the Beef Checkoff Enhancement Working Group and told them he is planning on implementing a new checkoff program for the industry.
Wall Street Journal: U.S. Loan Program Adds Uncertainty to Cotton Market
- Cotton futures have stabilized at around five-year lows as the U.S. harvest ramps up, but a federal loan program for farmers is raising uncertainty about how soon the new supplies will hit the market.
Politico: The wild world of agriculture economists
- The ink was barely dry on the farm bill last winter when the fighting broke out between Texas A&M and the University of Illinois over a $3 million pot of money for the development of decision models to help producers make sense of the new commodity title.
Des Moines Register: California egg law may lead to ag war between states
- A California law that bars eggs from states that fail to provide roomier cages for hens could lead to beef, pork and other Iowa products being banned from the West Coast state, Iowa agricultural leaders say.
Capital Press: Farmers call on USDA to implement Farm Bill fix
- Oklahoma wheat growers are calling on the U.S. Department of Agriculture to implement a Farm Bill provision they say would address the ongoing drought that’s plagued the state and others for the past several years.
DTN: Tanker Rule Opposition: Measure May Add to Service Disruption
- Federal attempts to improve ethanol and crude oil tanker-car safety in light of a number of accidents in recent years may compound what already has become a transportation nightmare for agriculture and other commodities.
TRADE & INTERNATIONAL
Agri-Pulse: U.S. wants science to govern T-TIP talks
- The latest round of Transatlantic Trade and Investment Partnership talks concluded in Washington last week with the chief negotiator for the U.S. calling for regulations based on science and his counterpart from the European Union reiterating that the trading bloc is not going to change its position on products made with genetically modified organisms (GMOs).
Bloomberg: CME Cuts Livestock Hours as Traders Welcome More Sleep
- A seven-year experiment in late-night trading of U.S. hog and cattle futures in Chicago is about to end.
Reuters: Exclusive: Brazil soy exporters to police Monsanto biotech seeds -for a fee
- At least one soybean exporter in Brazil has agreed with Monsanto to collect royalties, in exchange for a fee, from farmers who planted genetically engineered seeds marketed by the company, according to industry sources.
Washington Post: Trader indicted for manipulating commodity prices
- A New Jersey high-frequency trader is facing charges for allegedly manipulating commodities prices by issuing false signals to the market and then profiting off them using software that executes trades within milliseconds, federal prosecutors announced Thursday, in what they described as a first-of-its-kind prosecution.
Bloomberg: Rail Jams Snarl Canada Grain Sales Even as Crop Shrinks
- Even with a grain harvest falling below last year’s record, Western Canadian farmers can’t find enough rail cars in the right places to move their crops.
Los Angeles Times: Stew over European food names complicates trade talks
- As Europe and the United States pursue a lofty vision of a free trade pact that removes tariffs and eases regulatory burdens, it's not just disputes over automobile safety and digital privacy that are creating tensions.
Reuters: Pacific trade pact hindered by secrecy in U.S.-Japan talks: Chile
- Secrecy about trade negotiations between the United States and Japan is hampering progress on a broader Pacific trade pact, a senior Chilean official said on Friday.
CONSERVATION, ENVIRONMENT & WILDLIFE
Washington Post: Yellow-billed cuckoo named a threatened species
- The yellow-billed cuckoo has been disappearing from its home in the Western U.S., a decline that prompted the federal Fish and Wildlife Service to announce Thursday that the bird has been listed as a threatened species.
Los Angeles Times: In virtual mega-drought, California avoids defeat
- A few years ago a group of researchers used computer modeling to put California through a nightmare scenario: Seven decades of unrelenting mega-drought similar to those that dried out the state in past millennia.
Los Angeles Times: California dairy farmers struggling to survive prolonged drought
- The historic water crisis has been rough on dairies, driving up the cost of feed and water. Consumers are seeing the effects at the grocery store.
The Hill: Roberts down by 10 in new Kansas poll
- Sen. Pat Roberts (R-Kan.) is facing a double-digit deficit with one month left in his campaign, according to a new poll from NBC News.
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