FarmPolicy

October 25, 2014

Sen. Merkley Highlights Farm Bill on Senate Floor Wednesday

Categories: Farm Bill

Today on the Senate floor, Sen. Jeff Merkley (D., Ore.) discussed the Farm Bill, and particularly focused on disaster provisions and the lack of legislative action on the measure in the House.

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Bloomberg Video: Goldman Predicts Rising Prices for Tight Crop Corn

From Bloomberg News, December 11- “Newedge Grain Market Analysis Director Dan Cekander and Bloomberg News’ Alan Bjerga discuss the tightening corn crop. They speak with Mark Crumpton on Bloomberg Television’s ‘Bottom Line.'”

See also this related chart (click on chart for larger view) containing U.S. corn supply and demand variables from Tuesday’s USDA- WASDE report.

Also recommended: “Will Corn and Soybean Prices Return to Pre-Drought Levels?” (12.10) by University of Illinois Agricultural Economist Darrel Good.

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Farm Bill, Budget (Estate Tax), Ag Economy; and, Trade

Farm Bill Issues

David Rogers reported yesterday at Politico that, “House and Senate farm bill leaders are to meet again Wednesday in what’s become a political rollercoaster that risks tossing Congress into a flood of overpriced milk come Jan. 1.

“Just last week, the Agriculture Committees were predicting agreement soon on how to rewrite the commodity title and replace the current system of direct cash payments to producers. But Tuesday’s tone was much more skeptical, and House Ag Chairman Frank Lucas (R-Okla.) warned his party it had to be prepared ‘for how consumers will react at the grocery store when a gallon of milk doubles.’

“‘I was a very hopeful fellow a few days ago. I’m becoming pessimistic,’ Lucas told POLITICO after a meeting of House committee chairs in the Capitol. ‘I’m trying to explain to everybody what the consequences are. I’m going to push to the last moment, but I would acknowledge to you that if we can’t make progress, something has to happen.’”

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