Charles's Feed
Sep 16, 2013

U.S. farm bill might violate trade rules -U.S. business groups

WASHINGTON, Sept 16 (Reuters) – The new U.S. farm bill might
violate World Trade Organization rules against trade-distorting
subsidies, major U.S. business groups said on Monday in an
appeal to lawmakers to revamp the bill, which is already facing
slim odds of passage.

An adverse decision by the WTO could expose U.S. exports to
retaliatory tariffs if there is a challenge. It would be an
ironic turn, since the farm bill was intended in part to resolve
a WTO ruling against U.S. cotton subsidies.

Sep 12, 2013

U.S. launches new effort to reduce huge sugar surplus

WASHINGTON, Sept 12 (Reuters) – For the fourth time this
year, the U.S. government intervened in the sugar market on
Thursday to try to drive up prices depressed by large global
supplies and avoid the highest sugar subsidy costs in 13 years.

The Agriculture Department offered to swap up to 85,375
short tons of government-owned sugar for credits held by
refiners as a way to reduce a mammoth surplus that could force
processors to default on government-backed loans.

Sep 11, 2013

New U.S. meat label rule survives challenge by meat packers

WASHINGTON, Sept 11 (Reuters) – A U.S. district judge
refused on Wednesday to stop the government from requiring
labels on packages of beef, pork, poultry and lamb sold in U.S.
stores to include more specific information about the meat’s
country of origin.

U.S. meat packers said the latest country-of-origin labeling
(COOL) rule will drive up their costs and become a bookkeeping
nightmare. But in a victory for the U.S. Department of
Agriculture, District Judge Ketanji Brown Jackson denied their
request for a preliminary injunction.

Aug 12, 2013

USDA’s cut to corn, soybean crops catches market off guard

WASHINGTON, Aug 12 (Reuters) – U.S. farmers will reap the
biggest corn crop and the third-largest soybean crop ever this
fall, government forecasters said on Monday, but the harvests
will be smaller than traders expected because of lower yields
and ending stocks are projected to be below traders’ estimates.

Chicago corn and soybean futures, which have been beaten
down recently by an outlook for massive crops and climbing
inventories, rose sharply on the report.

Aug 2, 2013

U.S. wins trade dispute with China over chicken parts

GENEVA/WASHINGTON (Reuters) – The United States won a long-running trade dispute with China on Friday when the World Trade Organization found Beijing had broken global rules by imposing anti-dumping duties on U.S. chicken broiler parts.

The U.S. complaint, first raised in September 2011, was widely seen as one of a string of tit-for-tat disputes between the world’s largest economies, and followed a U.S. ban on imports of Chinese cooked chicken.

Aug 1, 2013

House Republicans to push $40 billion cut to food stamp program

WASHINGTON (Reuters) – House Republicans plan to propose a $40 billion cut to the nation’s food stamp program, the head of the House Agriculture Committee said on Thursday, doubling the number of cuts previously sought by conservatives.

Committee Chairman Frank Lucas said legislation on the food assistance program, known as SNAP, would be the second part of any talks on the U.S. farm bill with the Senate.

Jul 25, 2013

Farm bill on hold while House tries again on food stamp cuts

WASHINGTON (Reuters) – The Republican-controlled House will try to cut billions of dollars from the food stamp program before negotiating an overall farm bill with the Senate, the House majority leader said on Thursday two months before the current farm law expires.

Majority Leader Eric Cantor said the House “eventually” would open final-round discussions with the Senate on a farm bill that could cost $100 billion a year.

Jul 11, 2013

U.S. House defies veto threat, passes farm bill without food stamps

WASHINGTON, July 11 (Reuters) – The Republican-controlled
U.S. House of Representatives defied a White House veto threat
and passed a farm bill on Thursday that expands the
taxpayer-subsidized crop insurance system but omitted food
stamps for the poor.

Lawmakers passed the 608-page bill, unveiled by Republican
leaders late on Wednesday night, on a 216-208, party-line vote
after two hours of debate in which no amendments were allowed.

Jul 11, 2013

White House threatens veto of farm bill that drops food stamps

WASHINGTON (Reuters) – The White House has threatened to veto a Republican-drafted farm bill, scheduled for a vote in the House on Thursday, that expands the taxpayer-subsidized crop insurance program but omits food stamps for the poor.

The farm subsidy bill was unveiled late Wednesday by House Republican leaders, who were embarrassed by the defeat last month of a $500 billion, five-year farm bill that included the largest cuts in food stamps in a generation.

Jul 10, 2013

Attempt to revive farm bill falls short in House

WASHINGTON (Reuters) – Republican leaders in the House of Representative hit a dead end on Wednesday in an effort to revive the $500 billion, five-year U.S. farm bill, increasing the likelihood that Congress will opt for a second extension of current law.

Following the surprise defeat of the bill last month, House Republican leaders floated an approach this week championed by conservative Tea Party members: splitting the bill in two.