From Bloomberg News, Feb. 11 — “U.S. farm income will set a record in 2013, reflecting the anticipated rebuilding of crop reserves depleted by drought that will not be sold until future years, the U.S. Department of Agriculture said. Alan Bjerga reports on Bloomberg Television’s ‘Taking Stock.'”
Farm Bill- Policy Issues, Budget- Sequestration
Reuters writer Charles Abbott reported on Friday that, “The Obama administration warned on Friday that across-the-board spending cuts set to take effect in March may result in furloughing every U.S. meat and poultry inspector for two weeks, causing the meat industry to shut down.
“By law, meatpackers and processors are not allowed to ship beef, pork, lamb and poultry meat without the Agriculture Department’s inspection seal.
“The prospect of mass furloughs of meat and food inspectors was part of a broader White House warning about the effects of the potential spending cuts on everyday life. Meatpackers said a shut-down would devastate consumers as well as their industry.”