Daily Harvest -- 10/31/2014
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FARM & RURAL POLICY
Agri-Pulse: Vilsack calls for more diversity in agriculture
- Surrounded by a sea of blue jackets, Secretary of Agriculture Tom Vilsack emphasized that “the future is bright for American Agriculture” as he addressed the 87th National FFA Convention today.
Agri-Pulse: Vilsack addresses WOTUS and Beef Checkoff issues
- (Audio) Agriculture Secretary Tom Vilsack stressed the bright future for the industry during the National FFA Convention in Louisville. He did respond to questions about the “waters of the U.S.” proposal, noting that EPA intended to create greater certainty.
Agri-Pulse: Ag groups and food companies seek recall of COOL meat rules
- More than 100 agriculture-related companies and organizations are asking Congress to direct the Secretary of Agriculture to immediately rescind the meat provisions of the country-of-origin labeling rules that the World Trade Organization said are non-compliant with international trade obligations.
Agri-Pulse: NACD wants EPA to withdraw its 'Waters of the U.S.' proposal
- The National Association of Conservation Districts (NACD) asked the Environmental Protection Agency (EPA) to withdraw its proposal to re-define "Waters of the United States" under the Clean Water Act (CWA).
Reuters: Slow farmer sales to stretch until next year -Bunge CEO
- The slow pace of crop sales by farmers that has hurt two of the world's biggest grain traders will likely stretch into next year, the head of Bunge Ltd said on Thursday.
Wall Street Journal: Pilgrim’s Pride CEO Predicts Chicken Industry Boom to Continue
- The top executive of Pilgrim’s Pride Corp. said Thursday that boom times for the U.S. chicken industry are set to continue next year, as domestic consumers and foreign importers continue to favor poultry over other meats.
Wall Street Journal: Regional Banks Push Back Against Swaps ‘Push-Out’ Rule
- Regional banks are quietly joining the fight against one of the most hated Dodd-Frank provisions on Wall Street. The target is the so-called swaps push-out provision, which requires banks to spin off certain derivatives trading activities into units that don’t enjoy access to the government safety net.
Market Watch: Bayer lifts earnings forecast as profit rises
- German pharmaceutical giant Bayer AG on Thursday raised its full-year earnings forecast as it reported a 13% rise in third-quarter net profit, boosted by strong growth in its health-care and crop-science divisions.
Bloomberg: Beef King Sees Record Rally Extended as Ranchers Struggle
- JBS SA (JBSS3), the world’s top beef producer, says a price surge isn’t over as ranchers struggle to satisfy demand, fueled by an expanding middle class in China.
DTN: Biotech Label Battles Continue at Ballot Box
- Similar ballot measures have failed in California and Washington over the past two years. Both of those votes were close and it is likely these ballot measures in Colorado and Oregon will be close as well. Given the money opponents are pumping into it, those votes will be close.
DTN: Kansas Points Out CWA Flaws
- Officials in Kansas argue they see plenty of evidence contrary to EPA's science on water connectivity, especially in the western part of the state.
Gizmodo: Study: Solar Energy Will Be as Cheap as Fossil Fuel Energy by 2016
- A new study on solar energy from Deutsche Bank bears very good news. Thanks to technology and innovation, solar energy will be just as cheap as energy from fossil fuels by 2016. That's basically tomorrow, and it's awesome.
Wall Street Journal: Canada’s Seven Generations Energy Raises C$810 Million in IPO
- Canadian oil and gas producer Seven Generations Energy Ltd. raised 810 million Canadian dollars ($723.8 million) from a closely watched initial public offering after pricing the issue at C$18 a share, according to a term sheet for the IPO.
Forbes: Falling Crude Prices Reveal The Flaw Of 'Energy Independence'
- As I’ve pointed out before, despite politicians breathlessly talking about energy independence, the U.S. still imports about half of the oil it uses.
The Daily Californian: UC, Mexico sign memorandum of understanding on renewable energy
- UC President Janet Napolitano and the Mexican Secretariat of Energy, or SENER, signed a memorandum of understanding regarding the development of renewable energy between the University of California and Mexico on Thursday at the Lawrence Berkeley National Laboratory.
FOOD & NUTRITION
Agri-Pulse: Are worries about obesity killing Halloween?
- With more than a third of America's children classified as overweight or obese, is the future of Halloween trick-or-treating threatened? Should candy makers be worried?
Associated Press: Study: Mislabeled Shrimp at Restaurants, Grocers
- Cheap, imported farm-raised shrimp is being sold as prized wild-caught Gulf shrimp while common, more plentiful shrimp is being sold as premium. And shrimp of all kinds is sold with no indication whatsoever about where it came from, the group said.
TRADE & INTERNATIONAL
Reuters: Weaker rouble brings Russian wheat back to export markets
- Russian wheat has returned to export markets after several weeks of absence thanks to a weak rouble and higher world prices, offering a bright spot for an economy hurt by Western sanctions and tumbling oil revenue.
The Hill: Froman says Asia-Pacific trade deal still under construction
- The nation’s top trade official said Thursday that a final agreement on a massive Asia-Pacific deal won't be in the offing next month.
The Hill: No fast track in lame duck
- Business groups have lost any hope that Congress will approve “fast-track” trade powers for President Obama in the lame-duck session of Congress.
Reuters: Turkey launches probe of U.S. cotton imports
- Turkey has launched a probe into possible dumping of U.S. cotton in the country, the U.S. government and an industry group said, the third dispute over U.S. cotton in recent years and a sign of rising tensions in global trade as prices sink.
CONSERVATION, ENVIRONMENT & WILDLIFE
Reuters: Californians will pay more for water, must still conserve: officials
- Californians face higher water prices and permanent conservation measures amid drought, global warming and population growth in a state that has long struggled to satisfy urban and agricultural needs, the administration of Governor Jerry Brown said Thursday.
FARM LABOR & IMMIGRATION
Time: No Good Options for GOP on Obama’s Immigration Move
- While they are keeping their options open before the President shows his hand—as my colleague Alex Altman reports, it’s still unclear how big he will go—some have coalesced in favor of a lawsuit as the bare minimum response to what they think will be a monumental case in executive overreach.
News Observer: Leading voice on agriculture fights to keep job
- For the first time in two decades, U.S. Rep. Collin Peterson finds himself fighting hard to keep his job and avert a loss that could cost Minnesota one of Congress' most influential voices on farm matters.
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