The advanced biofuel industry is pressing Congress to approve a 30 percent investment tax credit that it says is needed to help jumpstart production necessary to meet a national renewable fuel mandate.
The scrapping of the national animal identification (ID) system in the U.S. simply means that USDA Secretary Tom Vilsack recognizes that some things can be better handled on a state-by-statenot nationalbasis, according to U.S. Meat Export Federation (USMEF) President Phil Seng.
The House Agriculture Committee voted unanimously last Wednesday to tell the House Budget Committee not to cut any agriculture programs in the fiscal year 2011 budget, but House Agriculture Chairman Collin Peterson, D-MN, said he will still move forward with his plan to consider cuts if Congress should go through the reconciliation process.
World weather agencies have agreed to collect more precise temperature data to improve climate change science, officials said last month as U.N. Secretary-General Ban Ki-moon urged environment ministers to reject efforts by skeptics to derail a global climate deal.
CME Group Inc. will launch futures contracts for distillers dried grains (DDGs), a byproduct of corn ethanol production that can be used to feed animals, the exchange operator said last week. Trading in the DDGs con- tracts will start on April 26.
Hog farmers, on the front lines of the $16 billion U.S. hog industry, have struggled with low prices for two years. Higher feed costs due to problems with the corn crop could cause a reduction in the amount of pork on the market due to both a drop in profitability and the slower hog growth rates.
Profitability in the unit that makes Deeres green tractors and harvesters was especially impressive, reporting margins of nearly 10 percentthree times what investors had expected, according to Eli Lustgarten, an analyst at Longbow Securities..
U.S. farmers can expect a record corn crop, another huge soybean harvest, and strong demand for its exports, which should combine to produce strong incomes for the agriculture sector this year, USDA said in its latest forecast.
The ethanol industry could face the same difficulties hitting biodiesel producers if Congress doesnt extend the 45-cent blenders tax credit by the end of 2010, the president of the Renewable Fuels Association (RFA) said last Tuesday.
Agco, which makes farm equipment under the Massey Ferguson, Challenger, Fendt and Valtra brand names, said it believed Europe and North America were stabilizing, but it still needed to reduce inventories in those markets by idling some facilities..
House Agriculture Committee Chairman Collin Peterson, D-MN, has cosponsored a House bill that would block the Environmental Protection Agency (EPA) from regulating greenhouse gases through the Clean Air Act.
A desire to continually improve Beef Quality Assurance (BQA) on their operations while successfully encouraging others around them to implement BQA was evident this week as two producers were honored with the annual national BQA award which was...
Biofuels makers have been waiting for the rules which are designed to implement a 2007 law that mandated an ever-increasing amount of biofuels be added to transportation fuel. This year, 12.95 billion gallons of renewable fuel must be part of the supply, up almost 17 percent from last year.
USDA trimmed its food inflation forecast for 2010, projecting prices at grocery stores and restaurants will rise at the same rate. USDA lowered the con- sumer price index for all food to gain 2.5 percent to 3.5 percent from its December forecast of 3 percent to 4 percent.