WASHINGTON (Reuters) – A U.S. House committee on Friday voted to subpoena former MF Global chief Jon Corzine to testify before Congress.
The move intensifies pressure on Corzine who has been largely absent from public view since he resigned as chief executive early last month.
WASHINGTON, Nov 29 (Reuters) – Record-high prices for
crops and livestock will lift U.S. farm income 19 percent this
year, which for the first time will top $100 billion, the
government estimated on Tuesday.
Another buoyant year is also in sight in 2012 for a
agricultural boom that started in 2006, according to the U.S.
Department of Agriculture.
(Reuters) – The House of Representatives dealt a blow to childhood obesity warriors on Thursday by passing a bill that abandons proposals that threatened to end the reign of pizza and French fries on federally funded school lunch menus.
The scuttled changes, which would have stripped pizza’s status as a vegetable and limited how often French fries could
WASHINGTON (Reuters) – The U.S. Environmental Protection Agency said on Monday it will not tighten controls on dust particles on farms when it sends the rule to the White House for its regular five-year review.
Some Republicans, including presidential hopeful Herman Cain, have said the EPA would expand the rule, which mainly affects heavy industry and vehicles, and regulate farms more broadly.
WASHINGTON (Reuters) – If facts feed the commodities market, a data cutback could leave a bitter taste for traders and analysts who digest government statistics.
The federal agencies that gather data and issue reports on agriculture — from almonds to ethanol — face sizable cuts in funding as part of federal belt-tightening.
WASHINGTON (Reuters) – U.S. farm subsidy cuts of $23 billion would be tied to the creation of a new crop subsidy system under a plan being discussed by Agriculture Committee leaders in Congress, farm lobbyists said on Thursday.
The proposal would end the $5 billion-a-year direct payment subsidy. It would endorse a revenue-assistance program to shield growers from “shallow losses” from poor yields or low market prices as the new basis for the U.S. farm program.
WASHINGTON (Reuters) – President Barack Obama on Monday proposed to end a “direct payment” subsidy that gives $5 billion a year to farmers regardless of need, as part of his larger effort to reduce the federal budget deficit.
Direct payments, created in 1996 as a temporary measure, will be the largest farm subsidy this year and terminating them would be a dramatic re-shaping of the U.S. farm program.
WASHINGTON/CHICAGO (Reuters) – Ethanol appears almost certain to win the food-versus-fuel contest in the United States. But not just yet.
The Agriculture Department forecast that a tad more corn will be used to make ethanol than to feed livestock this year may be a false milestone: ethanol makers say they won’t use that much corn while producing a record amount of the biofuel, hewing to a more efficient conversion rate.
WASHINGTON (Reuters) – U.S. corn stocks will languish near 15-year lows for longer than expected as ethanol plants overtake livestock as the biggest consumers of the feed grain and China buys more American corn, according to government forecasts.
The U.S. Agriculture Department, as expected, boosted its forecasts on Tuesday of ending stocks this year and next, largely due to weaker-than-expected consumption by the livestock sector this year. But the revisions fell short of analysts’ forecasts and supported prices that have fallen 15 percent from their peak on signs of healthier supplies.
WASHINGTON (Reuters) Futures regulators will gain much more muscle to crack down on market manipulation under a rule set to be finalized on Thursday as part of the financial overhaul passed a year ago.
The rule would expand the CFTC’s ability to prosecute market manipulation by requiring that it show a trader acted recklessly — a less burdensome standard of proof than it faces now. For the first time, it would allow the CFTC to prosecute fraud-based manipulation.