Longtime Washington farm hand Mike Seyfert has been tapped as the next president and CEO of the National Grain and Feed Association. The agribusiness lobbyist and former congressional staffer will officially assume his new duties March 1.
Rail carriers are anticipating a strong demand for grain shipments this fall as China buys more corn and soybeans, but harvest pace is also surpassing five-year averages, increasing the concern for potential bottlenecks.
Secretary Perdue appointed Parag Chitnis as acting director of the National Institute of Food and Agriculture and has announced the appointment of 15 members to serve on the advisory committee on minority farmers.
A divided Commodity Futures Trading Commission proposes new position limits for market speculators along with expanded exemptions that would benefit grain processors and other companies that hedge their risks in agricultural commodities.