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Aug 27, 2013

Farm income poised for record in 2013: USDA

WASHINGTON (Reuters) – The U.S. agricultural sector will enjoy record high income in 2013 as bin-busting grain harvests in the Midwest more than offset expected lower prices, the Department of Agriculture said on Tuesday.

Net farm income in the United States will reach $120.6 billion this year, up 6 percent from 2012 but down from the $128.2 billion preliminarily forecast in February, mostly reflecting updated forecasts for cash corn receipts.

Aug 27, 2013

U.S. farm income poised for record in 2013 -USDA

WASHINGTON, Aug 27 (Reuters) – The U.S. agricultural sector
will enjoy record high income in 2013 as bin-busting grain
harvests in the Midwest more than offset expected lower prices,
the Department of Agriculture said on Tuesday.

Net farm income in the United States will reach $120.6
billion this year, up 6 percent from 2012 but down from the
$128.2 billion preliminarily forecast in February, mostly
reflecting updated forecasts for cash corn receipts.

Aug 9, 2013

Apple patent wins could mean U.S. import ban for Samsung

WASHINGTON (Reuters) – Some older Samsung Electronics Co. mobile devices face a sales and import ban in the United States after a U.S. trade panel ruled for Apple Inc. in a high-profile patent infringement case.

The U.S. International Trade Commission on Friday ruled that South Korea’s Samsung infringes on portions of two Apple Inc patents on digital mobile devices, covering the detection of headphone jacks and operation of touchscreens.

Jul 17, 2013

Japan team wraps up USDA meeting on GM wheat situation

WASHINGTON (Reuters) – A Japanese delegation is completing talks with the U.S. Department of Agriculture aimed at restarting purchases of U.S. western white wheat, which were halted after the discovery of an unapproved genetically modified strain growing in Oregon.

“USDA is hosting a team from Japan’s Ministry of Agriculture, Forestry and Fisheries for technical discussions in support of the resumption of trade of U.S. western wheat,” a USDA spokesman told Reuters.

Jul 15, 2013

Republicans stalling on finalizing farm bill: Senate’s Stabenow

WASHINGTON (Reuters) – The Senate is ready to start conference proceedings to finalize a new farm bill but the House of Representatives has not sent its version of the bill for consideration, the chairwoman of the Senate Agriculture Committee said on Monday.

“I’m very concerned that the process start moving this week,” Senator Debbie Stabenow said, noting that there are just 24 scheduled legislative days in the Senate before the current bill expires.

Jun 27, 2013

Obama taps Ron Binz to lead energy regulatory body

WASHINGTON (Reuters) – President Barack Obama has tapped renewable energy advocate Ron Binz as chairman of the Federal Energy Regulatory Commission, the agency that has made headlines in the past year with tough enforcement actions against Wall Street banks.

Binz, a Democrat, was named as a commissioner of the regulator and if confirmed by the U.S. Senate would be designated as chairman, the White House said. He would succeed Jon Wellinghoff, who announced his resignation in May.

Jun 5, 2013

U.S. lawmakers air concerns about Smithfield-Shuanghui deal

WASHINGTON (Reuters) – Chinese meat company Shuanghui International’s plans to buy U.S.-based pork producer Smithfield Foods Inc (SFD.N: Quote, Profile, Research, Stock Buzz) has some lawmakers worried the deal could create food safety issues for U.S. consumers.

Mostly silent after the deal was announced a week ago during a Congressional recess, lawmakers are taking a closer look.

May 29, 2013

Safer mad cow rating could boost U.S. beef exports

WASHINGTON (Reuters) – The World Organization for Animal Health (OIE) has upgraded the United States’ risk classification for mad cow disease to its safest level, which could increase U.S. beef exports, the U.S. Agriculture Department said on Wednesday.

The decision to rank the United States’ risk as “negligible” instead of “controlled” came at the OIE’s annual meeting in Paris. Its scientific arm earlier recommended the upgrade after reviewing U.S. safeguards.

May 29, 2013

Chairman of U.S. energy regulatory commission to depart

WASHINGTON (Reuters) – Jon Wellinghoff, chairman of the U.S. Federal Energy Regulatory Commission, has submitted his resignation to President Barack Obama, an agency spokesman said on Wednesday.

Wellinghoff will remain at FERC and continue to vote on commission matters until a replacement is nominated and confirmed by the U.S. Senate, a process that could take several months.

May 22, 2013

U.S. House votes to force approval of Keystone pipeline

WASHINGTON (Reuters) – The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada-to-Nebraska leg of the Keystone XL oil pipeline, a move that would take a decision on the project away from the Obama administration.

The Republican-controlled House voted 241-175 with support from some Democrats.

The bill faces an uphill battle because it would have to pass the Senate with enough votes to overcome a promised veto from President Barack Obama.

    • About Ros

      "Ros Krasny is Boston Bureau Chief, leading coverage of the New England scene. She was previously a regional Federal Reserve correspondent based in Chicago, and spent many years writing about agricultural commodity markets with Bridge News and Knight-Ridder Financial news."
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