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.
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.
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.
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.
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.
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.
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.
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.
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.
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.