Farmpolicy anxiety symptoms cure

The article explained that, “from the black sea coast and the volga river heartland to the sun-scorched steppes of siberia, russia’s farm belt is enjoying a renaissance, with grain at the leading edge. Turbocharged by the 45 percent drop in the ruble against the dollar over the last few years and bumper crops, local producers are crowding into export markets long dominated by big western players.

Medetsky added that, “ russian wheat has crowded out U.S. Supplies in egypt, the world’s biggest buyer, and is gaining footholds in some other countries, such as N igeria, bangladesh and indonesia. That’s four decades after the soviet union turned to U.S. Shipments of wheat and corn to offset shortfalls in its own harvests. Over the last decade, russia has been the biggest single source of growth in wheat exports, vital to meeting surging global demand.”

“farmers trace the roots of the rebound to the kremlin’s move a decade ago to allow land to be bought and sold freely. That set off a wave of investment in new equipment, fertilizers and expansion of farms into lands long left fallow. Government subsidies and the ruble devaluation, along with good weather, have added to harvests in recent years,” the article said.

“that kind of talk is pushing senators in both montana and north dakota t o get their ear to the farm ground early on the farm bill. Anoxic brain injury mayo clinic north dakota sen. Heidi heitkamp (D) and montana senators jon tester (R) and steve daines (R) have already scheduled listening tours to collect input. North dakota sen. John hoeven said he would start his listening tours in 2017.”

The article noted: “‘ we should start early and get this wrapped up as soon as possible,’ daines said. ‘I think it is ridiculous we cannot get a farm bill put together sooner, to remove that uncertainty from the farmer. They face uncertainty all the time from the weather and other things. They don’t need additional uncertainty from washington, D.C. Severe anoxic brain injury prognosis let’s get this done a year in advance.’”

In a separate article last week at the the sidney herald (mont.) online, renée jean reported that, “ the ball is already on the ground and rolling for the 2018 farm bill, and U.S. Sen. Steve daines, R-mont., had his ear to the ground for those issues most on farmers’ minds during a visit to sidney sugars wednesday, where growers talked about the increasing difficulties they face getting to a profitable harvest.”

At that forum, house ag committee chairman mike conaway (R., tex.) noted that low prices have spurred calls for re-opening the farm bill and for consideration of ad hoc disaster assistance; he indicated that “ we are going to be very resistant to that.” similarly, senate ag committee chairman pat roberts (R., kan.) pointed out there could be a risk of losing more than could potentially be gained if the farm bill was opened back up.

“china has been trying to auction down its stockpile—the largest in the world—amid the latest step in reforming its agricultural sector: the government this spring scrapped a minimum-price support program for corn started in 2007-08. That program, in which the government bought corn to keep prices above a certain level, had proved so popular that farmers grew more. The stockpile soared, doubling in size between 2009 and now.

“one such U.S. Product in particular could suffer: a byproduct from the making of ethanol known as distiller’s dried grains with solubles ( DDGS), more than half of whose sales last year were in china. Now U.S.-produced DDGS must compete with the cheaper chinese corn. Adding to the pressure, DDGS on sep. 26 was hit by a 33.8% duty by the chinese government after the U.S. Was cited for dumping the product. Nanoxia project s review the U.S. Was then slapped with a second tax of between 10% to 10.7% a week later.”

Ms. Craymer added that, “ but china’s corn prices, propped up for so many years, still have a long way to drop before they would start to compare to international ones: the most widely traded corn futures contract on the chicago board of trade this week was around US$137 a metric ton—about 34% less than prices for the most-traded chinese corn contract.

“the prices of corn vary, naturally, according to whether the corn is from a new harvest or from earlier ones, which usually end up as animal feed or ethanol. But a look at prices on china’s dalian commodity exchange shows how much prices have fallen from when the price-support mechanism was abandoned: last friday, the most recently available price in china, the january corn contract closed at 1,392 yuan—about $208—a metric ton. That was down 12% from march 29 when the price floor was removed.

UPDATE: the wall street journal editorial board indicated in an item posted on thursday evening (“ china’s corn mountain“) that, “ corn prices in china fell more than 20% in the past year, the result of beijing’s decision to cancel a major subsidy program. That’s good news for farmers as well as consumers, but beijing still wastes money by the bushel keeping prices of other grains high.”

“the disastrous corn policy shows again that china hurt itself by listening to the alarmism of malthusian prophet lester brown, who periodically claims that china faces famine. The best way to make chinese agriculture efficient is to expose it to international competition. Next on the chopping block should be wheat and rice support prices that t he U.S. Claims cost nearly $100 billion more than world trade organization rules allow.”

“the industry-wide buildup was the fastest shelby horn, a fourth-generation cattleman with a family ranch in nebraska, had seen in at least 30 years. The result: an explosion of beef on the market and a 30 percent drop in wholesale prices from a record set in may 2015, when supplies were tight after the drought. And with many of the calves still a year or two from slaughter, the industry finds itself with no easy way to adjust.”

The bloomberg writers explained that, “ beef production will rise 5.2 percent this year and climb a further 3.4 percent in 2017 to a five-year high, the U.S. Department of agriculture projects. Output is increasing as the cattle, hog and chicken industries expand simultaneously, leaving the nation set for a year of record meat production and declining prices. Consecutive years of bumper grain harvests have also sparked expansion as feed costs fell.”

“but researchers for the pew charitable trusts said tuesday in a review of livestock antibiotics that the new guidelines don’t go far enough. The philadelphia-based group said regulators need to clamp down on how long some antibiotics can be used, and more closely scrutinize some uses that may not directly relate to keeping animals healthy. Pew is a nonpartisan, nonprofit group that researches consumer, environmental and health issues, including a focus on the impacts of large-scale food production.”

Also yesterday, julie harker reported at brownfield online that, “[USDA’s farm service agency (FSA) administrator val dolcini] says more money is going out to farmers than last year, ‘ we’re about 50% more than the 2014 crop year and that means we are paying more farmers and more counties around the country. Certainly, corn and soybeans and wheat all had very high levels of payment activity.’

“dolcini says farms enrolled in ARC have suffered $27-billion in revenue losses in the last year or so. He admits the ARC and PLC payments won’t make farmers ‘ whole‘ but says assistance from congress on the loan side and USDA assistance in other ways will also help. Funding from the recently passed continuing resolution, dolcini says, will take care of the FSA loan backlog.”

The FSA released more specific details regarding the farm bill payments for corn yesterday, and noted that, “the following maps show 2014 and 2015 ARC/PLC payments by crop and the average of the payments for the two years. The map of average payments shows how ARC/PLC works to pay different counties over time based on the yields and price in those counties. Life expectancy after anoxic brain injury as this map shows, over time high and low payment rates under ARC-CO are moderated and the pattern tends to be smoothed. This effect is expected to result in further smoothing as the entire 5-year program is completed in future years.