WASHINGTON (Reuters) – Searing droughts in the United States and Russia will deplete harvests of wheat, corn and soybeans, the U.S. government said on Wednesday, but global food supplies were not hurt as badly as many had feared.
With the U.S. harvest off to a fast start, the Agriculture Department said the country’s corn crop would be the smallest in six years and the soybean crop would be the smallest in nine years. But even though USDA lowered its crop estimates for the United States and Russia, they are bigger than expected.
WASHINGTON, Sept 12 (Reuters) – The searing U.S. drought has
done less damage than feared to the nation’s corn crop, the
government said on Wednesday, and worldwide supplies of wheat,
corn and soybeans are fairly stable despite harsh weather in
North America and Europe.
Wheat and corn futures prices fell on the prospect of larger
supplies and the U.S. estimates may reassure leaders of the
Group of 20 wealthiest nations who are pondering whether joint
fmaaction is needed to prevent a repeat of the 2008 price spike
that forced tens of millions of people into hunger.
WASHINGTON (Reuters) – Farmers would get another round of the $5 billion a year “direct payment” subsidy, targeted by reformers as wasteful spending, in a Republican-drawn offer of disaster aid for farmers hurt by the worst drought in half a century.
The package, unveiled on Friday, combines drought relief with a one-year extension of the farm program. If passed by the House next week and accepted by Senate, it would end a farm-bill stalemate by deferring work until 2013, when cost-cutting pressure may be intense.
CHICAGO/WASHINGTON (Reuters) – The severe drought in the U.S. Midwest wreaked more havoc across the country on Thursday, forcing barges on the Mississippi River to lighten loads for fear of getting stuck and raising more concerns about higher prices for food and gasoline.
Damage to crops in the most extensive drought in five decades and the pressure of the November elections sparked some action in the Congress to bring relief to farmers and make progress on a generous farm bill.
WASHINGTON (Reuters) – The U.S. House of Representatives will act on aid to livestock producers hurt by the worst drought in half a century, Speaker John Boehner said on Thursday, but there was no agreement on how to do it with Congress a week away from its summer vacation.
Two-thirds of the continental United States was under moderate to exceptional drought with 40 percent of U.S. counties declared agricultural disaster areas. While crop insurance will aid many growers, livestock producers face sky rocketing feed prices and drought-stunted pastures.
WASHINGTON (Reuters) – Republicans are getting scorched for sitting on a farm bill as the worst drought in decades shrivels crops and is forecast to drive up food prices for the next two years.
The $491 billion farm bill is stalled in the House of Representatives on concerns there are not enough votes in the Republican-controlled chamber to pass a bill many see as too costly.
July 17 (Reuters) – Efforts to write benefits for biotech
seed companies into U.S. legislation, including the 2013 Farm
Bill, are sparking a backlash from groups that say the multiple
measures would severely limit U.S. oversight of genetically
From online petitions to face-to-face lobbying on Capitol
Hill, an array of consumer and environmental organizations and
individuals are ringing alarm bells over moves they say will
eradicate badly needed safety checks on crops genetically
modified to withstand herbicides, pests and pesticides.
WASHINGTON (Reuters) – Republicans in the House of Representatives may set aside a bill providing for the biggest reduction in food stamps for the poor since 1996, averting a fight over cuts that critics assail as immoral during hard times, House leaders said on Thursday.
Food stamps would see the largest cut, $16 billion over 10 years, in the House farm bill – $2 billion more than for farm subsidies and nearly half of all the savings in the bill.
WASHINGTON (Reuters) – The U.S. House Agriculture Committee challenged two crop insurance reforms approved by the Senate, creating another farm-bill dispute with time running out to enact the new law.
Besides disagreeing on crop insurance, the House would increase crop price supports by up to 40 percent while the Senate would end the subsidies. And the House would cut four times as much money as the Senate from food stamps for the poor.
WASHINGTON (Reuters) – The worst Midwest drought in a quarter century is doing more damage to U.S. crops than previously expected with the government on Wednesday slashing its estimate for what was supposed to be a record harvest.
The U.S. Department of Agriculture said the corn crop will average just 146 bushels an acre, down 20 bushels from its June estimate and a much more dramatic drop than analysts had projected.