The Agricultural Cliff

By: Monday December 10, 2012 9:15 am

Another serious cliff resulting from the silly way Congress does business concerns the failure to pass a farm bill earlier this year. The Senate passed its own with bipartisan support, the House Agriculture Committee passed a version and then the House leadership refused to put that onto the floor for a variety of reasons. They broke in September without a plan for passage, and the lame duck session has been consumed by negotiations through the media on the fiscal slope, without addressing the farm bill.

Milk and Dairy Prices Set to Rise as Farm Bill Expires

By: Monday October 1, 2012 1:16 pm

The farm bill expired today, reverting some programs back to a 1949 level and totally eliminating others. The other day I looked at the consequences of expiration, and while many elements didn’t have much of an impact until the end of the year, in particular milk and dairy farmers were likely to feel the pinch [...]

Industry Touts GMOs as Solution to Drought Conditions for Agriculture

By: Wednesday August 15, 2012 8:15 am

The Consumer Price Index remained unchanged in July, a sign that we’re heading into a disinflationary period. Year-over-year inflation is still missing the 2.0% target, topping out at 1.4%. This is another sign of central bank failure. But decreases in energy were offset by increases in food. This is a residual effect from the drought [...]

FDA Seeks “Voluntary” Limits on Antibiotics in Livestock

By: Thursday April 12, 2012 10:18 am

I think you have to look at this new FDA announcement, that they will seek “voluntary” limits for antibiotics in animal feed, must be seen in a few different contexts. First, here’s Ezra Klein convincing me about the importance of this issue: This might not seem like a huge deal to you. But it is. [...]

Greek Bailout Threatened as Bondholder Agreement Lags

By: Tuesday January 10, 2012 6:17 am

I mentioned this briefly yesterday, but the Greek bailout is truly in trouble, and it’s unclear whether the problem lies with Greece or the bondholders. Either way, it’s not as if anyone will suffer other than the Greek people. Germany and France warned Greece on Monday it will get no more bailout funds until it [...]

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