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Drought dents U.S. farm-sector income: government estimate
Posted by Reuters: Charles Abbott on November 27th, 2012
Reuters: U.S. farm income will drop by 3 percent this year, the result of surging production costs aggravated by crop losses that stemmed from the worst drought in half a century, the government said on Tuesday.
Even so, income would be close to the record high set in 2011, the Agriculture Department said. In a quarterly forecast, it said production costs would rise by 8 percent this year, outpacing a gain in crop and livestock income.
Feed costs are up 18 percent this year, the USDA said. Feed would...
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Comments Off on Drought dents U.S. farm-sector income: government estimateDrought hurt world crops less than many had feared: USDA
Posted by Reuters: Charles Abbott on September 12th, 2012
Reuters: Searing droughts in the United States and Russia will deplete harvests of wheat, corn and soybeans, the U.S. government said on Wednesday, but global food supplies were not hurt as badly as many had feared.
With the U.S. harvest off to a fast start, the Agriculture Department said the country's corn crop would be the smallest in six years and the soybean crop would be the smallest in nine years. But even though USDA lowered its crop estimates for the United States and Russia, they are bigger than...
Posted in Water Conservation Comments Off on Drought hurt world crops less than many had feared: USDAHouse drought bill keeps $5 billion subsidy targeted by reformers
Posted by Reuters: Charles Abbott on July 27th, 2012
Reuters: Farmers would get another round of the $5 billion a year "direct payment" subsidy, targeted by reformers as wasteful spending, in a Republican-drawn offer of disaster aid for farmers hurt by the worst drought in half a century.
The package, unveiled on Friday, combines drought relief with a one-year extension of the farm program. If passed by the House next week and accepted by Senate, it would end a farm-bill stalemate by deferring work until 2013, when cost-cutting pressure may be intense. ...
Posted in Water Conservation Comments Off on House drought bill keeps $5 billion subsidy targeted by reformersHouse will act on livestock drought aid: Speaker Boehner
Posted by Reuters: Charles Abbott on July 26th, 2012
Reuters: The House of Representatives will act on aid to livestock producers hurt by the worst drought in half a century, Speaker John Boehner said on Thursday, but there was no agreement on how to do it with Congress a week away from its summer vacation.
Two-thirds of the continental United States was under moderate to exceptional drought with 40 percent of U.S. counties declared agricultural disaster areas. While crop insurance will aid many growers, livestock producers with drought-stunted pastures...
Posted in Water Conservation Comments Off on House will act on livestock drought aid: Speaker Boehner