Here are some of the highlights of the 2008 farm bill conference
report released Thursday by Congress. Full details and legislative of the Food,
Conservation and Energy Act of 2008 have not been released but are expected to
be provided by the House and Senate Agriculture Committees early next week. The
final conference report is expected to be voted on in the House and Senate next
week as well. (Updated May 9)
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Landowners with subpar CRP payment rates want double-digit increases
to better match the market. Last year, national cash rent escalated 14 times
faster than CRP adjustments. Cash-strapped USDA is struggling to comply.
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Instead of asking for USDA assistance to ease a tightening financial
situation like the U.S. pork industry, cattlemen are looking for relief in the
form of increased beef shipments abroad - particularly to South Korea - while
poultry growers are stressing to legislative leaders the need to rethink
corn-based ethanol initiatives.
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Marcelo Favarao, agronomist and medium-sized farmer in western Parana
state in Brazil, says farmers in the country are seeking stability rather than
peaks and troughs. In the final installment of our three-part series we talk to
Favarao about farming in Brazil.
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House and Senate negotiators on Thursday declared they have a farm
bill that could see a final vote next week, but President Bush's key men on the
farm bill declared the president will veto the legislation.
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