Early reports are surfacing of producers ending up with cattle feed that has been extended with sawdust and other fillers, and then masked with molasses. There have also been reports of 2- and 3-year-old hay sold, and of the watering down of hay to add weight.
Rural bankers and brokers are in no mood for mercy. They are furious with MF Global, the CME Group and federal regulators who allowed the country’s third largest clearinghouse to dip into customer accounts for their own high-risk trades.
Weather insurance isn’t a new product. It’s been used for years in a variety of situations ranging from movie production to concerts, motorsport events and even weddings. Your favorite retailer may buy insurance against a blizzard on Black Friday or a cool summer that reduces sales of air conditioners and fans.
Where it first breaks over the crest of the Loess Hills from the east, Highway 136 offers a spectacular view of the Missouri River Valley in Atchison County, MO. Treelined oxbow river channels, such as Langdon Lake, still provide groves of cottonwoods and wildlife habitat among fields of row crops.
House and Senate Agriculture committee leaders failed to finalize a letter the Friday before last on proposed farm bill budget cuts and a rewrite of farm programs that they were planning to send to the super committee on deficit reduction, but were expected to send it last week.
The American Soybean Association (ASA), the National Corn Growers Association (NCGA), and the National Farmers Union (NFU) are backing the House and Senate Ag Committee leaders decision to recommend to the deficit super committee that farm bill spending be cut by up to $23 billion over 10 years.
Fights began breaking out last Tuesday among agriculture interests over what the super committee might do with the farm bill, even though no one knows how the leaders of the House and Senate agriculture committees are planning to move ahead with the proposal that they sent to the super committee last Monday.
Its not just the summer of $7 corn that superheated Midwest land markets. Investors rattled by the prospect of a double-dip recession still see U.S. farmland as a safe haven amid economic turmoil. That surge of nontraditional buyers lessens the threat of a downturn in farmland values anytime soon, real estate and Wall Street experts contend.
For the study, Erickson and fellow researchers compared cattle on four diets: a corn-based control diet, WDG plus solubles, modified distillers grains (MDG) plus solubles, and DDG plus solubles. In the latter three diets, distillers grains were fed at 40 percent of the dry matter.
Thomas Gibson and Steve McDonald, Eastern Livestock Companys owner and chief operating officer, were each indicted on one federal charge of mail fraud related to activity from Aug. 9, 2004, to Nov. 2, 2010, that was related to the alleged checkkiting scheme that left more than 700 producers across the country holding $130 million in bad checks.
The Senate Appropriations Committee approved a $19.78 billion fiscal year 2012 Agriculture appropriations bill that provides less discretionary spending than the past two years, but left potential controversial amendments for the Senate floor even though some senators are worried the bill will never come up as an individual piece of legislation.
La Nina describes Pacific Ocean equatorial waters having cooler-than-average temperatures. In the U.S., the weather effects of La Nina include drier conditions in the southern Plains and Midwest, and above-average precipitation during winter in the northern states.
As befits the chairman of the worlds largest food-production company, Peter Brabeck-Letmathe is counting calories. But its not his diet that the chairman and former CEO of Nestle is worried about. Its all the food that the U.S. and Europe are converting into fuel while the worlds poor get hungrier.