FarmPolicy

June 21, 2018

Pres. Bush Influences Farm Bill Dynamics; Biofuels, Post Series

At a White House press conference yesterday that focused on the U.S. domestic economy, President George W. Bush addressed food prices, the Farm Bill and biofuels.

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Wash. Post- “Global Food Crisis” Series; Farm Bill; Food Prices and Biofuels; EU

Washington Post- “Global Food Crisis” Series

Dan Morgan reported in today’s Washington Post that, “At Stephen Fleishman’s busy Bethesda shop, the era of the 95-cent bagel is coming to an end.

“Breaking the dollar barrier ‘scares me,’ said the Bronx-born owner of Bethesda Bagels. But with 100-pound bags of North Dakota flour now above $50 — more than double what they were a few months ago — he sees no alternative to a hefty increase in the price of his signature product, a bagel made by hand in the back of the store.

“‘I’ve never seen anything like this in 20 years,’ he said. ‘It’s a nightmare.’”

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Washington Post “Global Food Crisis” Series Continues; Biofuels

Anthony Faiola reported in today’s Washington Post that, “The U.N. World Food Program has flagged 30 nations confronting mounting food insecurity this year as a direct result of market forces; 22 of them are in Africa. As prices climb, Mauritania, Burkina Faso, Cameroon, Senegal and other net food importers have been racked by civil unrest. Hunger is spiking in parts of the continent in patterns similar to past bouts of drought, floods or civil strife. In Mauritania — a nation of 3 million straddling Arab and black Africa — the number of people not getting enough food is up this year by 30 percent in rural areas despite a relatively good annual harvest, according to the WFP. A food emergency has been declared in broad sections of the country, with the food program rushing to roll out feeding stations.”

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“Agflation” – Farm Bill

Anthony Faiola reported in Sunday’s Washington Post that, “The globe’s worst food crisis in a generation emerged as a blip on the big boards and computer screens of America’s great grain exchanges. At first, it seemed like little more than a bout of bad weather.

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Senate, House Farm Bill Negotiators Reach Compromise

Categories: Farm Bill

Peter Shinn reported on Friday at Brownfield that, “He may not have liked it, but President Bush Friday morning, without comment, signed another one-week extension of the 2002 farm law through the end of next week. On Tuesday, President Bush called on Congress to pass a one-year extension of the old farm bill.”

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Dan Morgan reported in today’s Washington Post that, “House and Senate negotiators reached tentative agreement yesterday on a new $290 billion, multiyear farm bill that would add about $10.4 billion for nutrition programs while continuing to channel billions of dollars to farmers, even if prices stay at current record levels.

“Key details remain to be worked out, but lawmakers said a final deal could come next week on the bill. The government would spend $10 billion more than allocated by congressional budget committees last year. The Bush administration had proposed an increase of about $5.5 billion.”

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Senate-House Pass Short-Term Farm Bill Extension

Categories: Farm Bill

Associated Press writer Mary Clare Jalonick reported today that, “Congress passed a one-week extension of current farm law Thursday, defying President Bush by trying to find agreement on a new bill.

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Farm Bill: Another Short-Term Extension?- Tax Issues

Categories: Audio /Farm Bill

Reuters writer Charles Abbott reported yesterday that, “Congress needs another short-term extension of U.S. agricultural programs, the fifth since expiration of the 2002 law, so it can wrap up a new $600 billion farm law, the House Agriculture Committee chairman said on Wednesday.

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Food Prices, EU and U.S. Biofuels: Related Issues- Different Perspectives; CFTC Roundtable; Farm Bill

Food Prices, EU and U.S. Biofuels: Related Issues- Different Perspectives

Kevin Sullivan, writing in today’s Washington Post, reported that, “More than 100 million people are being driven deeper into poverty by a ‘silent tsunami’ of sharply rising food prices, which have sparked riots around the world and threaten U.N.-backed feeding programs for 20 million children, the top U.N. food official said Tuesday.

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Farm Bill Tax Provisions; Price Volatility; Prices (Biofuels) & Doha

Farm Bill Tax Provisions

DTN Political Correspondent Jerry Hagstrom reported yesterday (link requires subscription) that, “Senate Finance Committee Chairman Max Baucus, D-Mont., and Finance ranking member Charles Grassley, R-Iowa, have launched a public campaign to save at least some elements of the tax package in the Senate-passed version of the farm bill in the conference report of the bill.

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Biofuels Policy Draws Focus; U.S. Farm Debt

Dominique Strauss-Kahn, the managing director of the International Monetary Fund, penned an item that was posted today at The Financial Times Online (“A global approach is required to tackle high food prices”).

In part, the item noted that, “Experts expect short-term commodity prices (including oil and food) to rise even further. The result would be a devastating blow for the world’s poorest, who often spend more than half of their income on food.

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Commodity-Food Issues- Biofuels, Doha and the Farm Bill

Commodity-Food Issues-Biofuels

The Associated Press reported on Friday that, “Wealthy nations have been unwilling to help poor countries with the cash, seeds and investment in infrastructure needed to boost grain supply worldwide, the head of the U.N.’s Food and Agricultural Organization said Friday.

“Global food production could double if more producers had access to seeds, fertilizer and loans, and if more crops were allowed to be sold at market prices, Jacques Diouf told the closing session of the FAO’s biennial Latin American meeting.

“‘If the necessary work is done, production will rise at a dizzying pace,’ said Diouf. But he added the immediate outlook isn’t optimistic.”

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Farm Bill: At Least Another Week

Categories: Audio /Farm Bill

Philip Brasher, writing on Friday at The Des Moines Register Online, reported that, “President Bush agreed today to give Congress another week to work out a new farm bill.

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Farm Bill: “Progress” and Taxes; Food Price Issues; Doha

Farm Bill

Congressional Quarterly reported on Thursday afternoon that, “The Senate cleared a one-week extension of the current farm law Thursday, but impatient senators made clear they will not agree to further delays in completion of a new five-year farm bill.”

The CQ item noted that, “Sen. Larry Craig, R-Idaho, who held up action on the extension overnight, said he would not agree to another one unless a conference deal was signed… [C]raig said he would block another farm bill extension. ‘I’ll give you another week, but that’s it,’ he said.”

“The administration Wednesday also warned that President Bush is out of patience with the snail-like progress on a farm policy overhaul.”

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Farm Bill: House Passes One-Week Extension; Food Prices

A DTN item posted on Wednesday morning reported that, “With farm-bill negotiations reaching an apex, the House of Representatives on Wednesday morning passed another one-week extension of the 2002 laws to allow more time to complete the bill.”

The article stated that, “The House passed the extension to April 25 on a voice vote as part of the chamber’s morning business on Wednesday, according to DTN Political Correspondent Jerry Hagstrom.”

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Farm Bill Negotiations Continue; Doha

David Rogers, writing on Monday evening at Politico.com, reported that, “Invoking Speaker Nancy Pelosi by name, House farm bill negotiators Monday all but ruled out any chance of accepting a $2.5 billion package of agriculture-related tax cuts senators want to grease the way for final passage.

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Farm Bill, Food Prices and Doha

Farm Bill

David Rogers, writing yesterday at Politico.com, reported that, “Farm bill talks are staring failure in the face, with a major deadline Friday, continued Democratic infighting and the commodity lobby’s stubborn resistance to altering an outdated subsidy system.

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