According to North Carolina State University Extension Specialist Nicholas Piggot, solid risk management has never been more important for producers of the nation’s major commodities. The economist told attendees of the AFBF Convention, that he anticipates another fierce acreage bidding war this season. Concerning producer reaction to strong market signals, he said, "This is fantastic for you farmers."
More Honors Passed Out by Farm Bureau
Winners of the Young Farmers & Ranchers Achievement Award, Discussion Meet and Excellence in Agriculture competitions were announced at the annual American Farm Bureau Federation Convention underway in Hawaii. Ben and Jennifer Moore of Tennessee won the Achievement Award. Heather Barnes of North Carolina won the Discussion Meet.
Florida Freeze More Extensive than originally Thought
Last week's Florida freeze may have been worse than first thought…and that could mean Orange Juice drinkers will, continue to pay more. CBS news Correspondent Peter King in Orlando:
"Last year's Florida freezes meant a record low orange crop heading into this season. Growers are still evaluating last week's freeze but an industry source says it was much worse than first believed. Brazilian imports are on hold because of a dispute over chemicals used to treat oranges there, it's not approved for use here and as a result, that industry source tells CBS news that juice prices will likely continue slow and steady climb that began last March."
Immigration reform Discussed in South Carolina
Business leaders at a forum in North Charleston have been told the nation's immigration laws need to be more welcoming so human capital from abroad can help America get its economy moving and recover from the Great Recession.
Immigration attorney and author Roger Warren said while much of the talk in the presidential campaign has been on illegal immigration, the nation should be discussing comprehensive reform. Among his suggestions — there should be more visas for both high- and lower-skilled immigrants so American companies have the workers to meet market demand.
Vilsack Backing USDA Closures
Secretary Tom Vilsack is calling on Congress to embrace more than 20 billion dollars in cuts the ag chairs agreed to during the failed Super Committee process…that, after announcing thousands of USDA job losses and over a hundred FSA office closings.
Vilsack credited ag chairs Frank Lucas and Debbie Stabenow with producing a consensus on 23 billion in ag cuts – a deal the secretary told reporters, lawmakers should “embrace”….
"It would be my hope that Congress will see the good faith work of the Ag committees, both the standing and appropriations committees, and would embrace that number as a reasonable contribution by USDA, in addition to the 4 billion dollars that we've already contributed, in addition to the 3 billion dollar cut we've already seen in our operating budget."