The American Farm Bureau Federation (AFBF) yesterday sent a farm bill proposal to Capitol Hill. Its recommendations for the 2013 Farm Bill were based on "several core policy principles." According to the organization, its proposal does the following:
Offers producers a choice of program options; Protects and strengthens the federal crop insurance program; Provides a commodity title that works to encourage producers to follow market signals rather than making planting decisions in anticipation of government payments; Refrains from basing any program on cost of production; and, Ensures equity across program commodities.
As we reported on 5 March, the Congressional Budget Office (CBO) re-scored the Senate and House versions of the...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
