Food Business News - July 31, 2012 - (Page 24)

Washington Government takes steps to aid drought-stricken farmers and ranchers Secretary Vilsack says Congress must pass a farm bill to ensure farm sector’s long-term recovery overnment response to what may be the greatest drought in the United States since the 1950s has been quick, but its scope to date has been held within the bounds of current authorities of the U.S. Department of Agriculture. There have been no calls by congressional leaders for legislation that would provide additional emergency relief to farmers and ranchers. And given high crop prices and concerns over authorizing any additional spending, there may be none. The expiration of the current farm act on Sept. 30 loomed, and action on a new farm bill was considered urgent, especially in view of the strains on the agricultural economy brought about by the drought. The Senate passed its version of the farm bill several weeks ago, and the House Committee on Agriculture passed its farm bill on July 12. Leaders of the congressional agriculture committees met July 24. Senator Debbie Stabenow, chairwoman of the Senate Committee on Agriculture, Nutrition and Forestry, said the leaders discussed the importance of the House leadership bringing the House farm bill to the floor for debate and a vote, as they wanted to has designated 1,369 counties across 31 states as disaster areas, making all qualified farm operators in the areas eligible for low-interest emergency loans. The department also recently reduced the interest The U.S.D.A. also simplified the secretarial disaster designation process and reduced the time it takes to designate counties affected by disasters. Secretary of Agriculture Tom Vilsack on July 23 announced G 2012 drought secretarial designations JAY SJERVEN negotiate differences in the two farm bills in August, during the congressional recess, so a final bill may be voted on by both houses and hopefully sent to the president before Sept. 30. Through July 25, the U.S.D.A. rate for emergency loans from 3.75% to 2.25%, while lowering the reduction in the annual rental payment to producers on Conservation Reserve Program acres used for emergency haying or grazing from 25% to 10%. new temporary flexibility in the U.S.D.A.’s major conservation programs to provide assistance to livestock producers and announced plans to encourage crop insurance companies to provide a short grace period for 24 FOODBUSINESS NEWS ® July 31, 2012

Table of Contents for the Digital Edition of Food Business News - July 31, 2012

Food Business News - July 31, 2012
Slowing global economy pressures McDonald’s net
Big changes may be looming for Dole Food Co.
Drought effects go well beyond corn, soybean crops
Table of Contents
Web Contents
Editorial - Global food parallels oil refining
Investments help drive earnings gain at Hershey
Prepared foods market to reach $32.45 billion in 2012
PepsiCo earnings fall on restructuring costs
Private investment group to buy Peet’s Coffee for $1 billion
Sales of Fairtrade-certified products grow 12%
Annie’s earnings climb 18% in first quarter
Food and beverage C.P.I. up 0.1% in June
Nestle Health Science acquires stake in medical foods company
Starbucks breaks ground on $172 million facility
Cal-Maine to buy egg production assets
Emmi Roth expanding in Wisconsin
B&G profit rises behind Culver Specialty business
Paramount Citrus acquires Healds Valley Farms
Washington - Government takes steps to aid drought-stricken farmers and ranchers
Ingredion: More than a catchy name
Ingredient Innovations - The next step in sodium reduction
Health and Wellness - Trans fats in review
Industry Images - Images from the I.F.T.
New Food Products
Supplier Innovations and News
Ingredient Market Trends
Ingredient Markets
Ad Index
Food Business in the News

Food Business News - July 31, 2012