Milling & Baking News - July 31, 2007 - 1

THE NEWS WEEKLY OF GRAIN-BASED FOODS
JULY 31, 2007

bakingbusiness.com / foodbusinessnews.net

FEATURE

Farm bill passed by House
despite dispute over tax measure

Positioning for a push
Pasta makers look to acquisition,
expansions to spur growth
Story on Page 20

LATE NEWS

Bimbo's U.S. sales
rise, but profit falls
MEXICO CITY - U.S. sales increased more than 3% to NP4,077 million ($372 million) in the second quarter ended June 30 for Grupo Bimbo
S.A.B. de C.V., which compared with
NP3,942 million ($360 million) in the
previous year 's second quarter. Sales
volume grew in the entire U.S. portfolio and across all sales channels.
U.S. operating profit, however, fell
to NP85 million from NP97 million.
Companywide, Mexico City-based
Grupo Bimbo S.A.B. de C.V. posted
a second-quarter sales increase of
more than 7% to NP16,967 million
from NP15,791 million. Net income
Continued on Page 10

WASHINGTON - The House of Representatives last Friday afternoon passed
the Farm, Nutrition and Bioenergy Act
of 2007 (H.R. 2419) by a vote of 231 in
favor to 191 opposed. The farm
bill was approved
by
unanimous
consent by members of the House
Committee on Agriculture on July
20. But the legislation was imperiled
on the House floor
because of a tax measure inserted early
last week that raised the ire of the Bush
administration and Republican House
members committed to opposing tax
increases in general. The latter included
Republican members of the agriculture
committee itself who were strongly in
favor of the farm bill as written but opposed any tax increase to fund expan-

sion of nutrition and other programs
under the bill's wide purview.
Democratic leaders pointed to "pay-go"
rules to which Congress was committed
that required any
increase in spending to be offset by
program cuts in
other areas or increased revenues.
They disputed the
characterization
of the tax measure
they sought to employ as an offset
for increased spending in the farm bill
as a tax increase, instead asserting they
sought to close a tax loophole they said
was abused by certain foreign companies
with subsidiaries in the United States, a
loophole to which the Bush administration itself objected in the past.
Earlier in the week, Secretary of
Continued on Page 28

'Full plate' of regulatory and
legislative issues face bakers
WASHINGTON - A robust and diverse
lineup of legislative and regulatory issues
ranging from farm policy to the inclusion
of coconuts as a tree nut was reviewed recently by the government relations team
of the American Bakers Association.
While the A.B.A. for the past couple of
years has dealt with an agenda comprising 30 to 35 issues of importance to the
baking industry, the group's staff distilled the list to a "Top Ten" for a June

legislative and regulatory update presented to the A.B.A. board of directors.
"Even though there are another 20 or
25 issues of considerable concern that
keep the board and staff busy, it is important to come up with a top 10," said
Robb MacKie, president and chief executive officer.
Together with Lee Sanders, A.B.A.
senior vice-president of government
relations and public affairs, Mr. MacKie recapped the association's Washington agenda in a recent interview with
Milling & Baking News.
A one-by-one overview of the A.B.A.'s
list follows:

1

Card Check
Heading the baker's list was an issue
Continued on Page 25


http://www.bakingbusiness.com http://www.foodbusinessnews.net

Milling & Baking News - July 31, 2007

Table of Contents for the Digital Edition of Milling & Baking News - July 31, 2007

Contents
Milling & Baking News - July 31, 2007 - 1
Milling & Baking News - July 31, 2007 - 2
Milling & Baking News - July 31, 2007 - 3
Milling & Baking News - July 31, 2007 - Contents
Milling & Baking News - July 31, 2007 - 5
Milling & Baking News - July 31, 2007 - 6
Milling & Baking News - July 31, 2007 - 7
Milling & Baking News - July 31, 2007 - 8
Milling & Baking News - July 31, 2007 - 9
Milling & Baking News - July 31, 2007 - 10
Milling & Baking News - July 31, 2007 - 11
Milling & Baking News - July 31, 2007 - 12
Milling & Baking News - July 31, 2007 - 13
Milling & Baking News - July 31, 2007 - 14
Milling & Baking News - July 31, 2007 - 15
Milling & Baking News - July 31, 2007 - 16
Milling & Baking News - July 31, 2007 - 17
Milling & Baking News - July 31, 2007 - 18
Milling & Baking News - July 31, 2007 - 19
Milling & Baking News - July 31, 2007 - 20
Milling & Baking News - July 31, 2007 - 21
Milling & Baking News - July 31, 2007 - 22
Milling & Baking News - July 31, 2007 - 23
Milling & Baking News - July 31, 2007 - 24
Milling & Baking News - July 31, 2007 - 25
Milling & Baking News - July 31, 2007 - 26
Milling & Baking News - July 31, 2007 - 27
Milling & Baking News - July 31, 2007 - 28
Milling & Baking News - July 31, 2007 - 29
Milling & Baking News - July 31, 2007 - 30
Milling & Baking News - July 31, 2007 - 31
Milling & Baking News - July 31, 2007 - 32
Milling & Baking News - July 31, 2007 - 33
Milling & Baking News - July 31, 2007 - 34
Milling & Baking News - July 31, 2007 - 35
Milling & Baking News - July 31, 2007 - 36
Milling & Baking News - July 31, 2007 - 37
Milling & Baking News - July 31, 2007 - 38
Milling & Baking News - July 31, 2007 - 39
Milling & Baking News - July 31, 2007 - 40
Milling & Baking News - July 31, 2007 - 41
Milling & Baking News - July 31, 2007 - 42
Milling & Baking News - July 31, 2007 - 43
Milling & Baking News - July 31, 2007 - 44
Milling & Baking News - July 31, 2007 - 45
Milling & Baking News - July 31, 2007 - 46
Milling & Baking News - July 31, 2007 - 47
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https://www.nxtbook.com/sosland/mbn/2015_11_24
https://www.nxtbook.com/sosland/mbn/2015_11_10
https://www.nxtbook.com/sosland/mbn/2015_10_27
https://www.nxtbook.com/sosland/mbn/2015_10_13
https://www.nxtbook.com/sosland/mbn/2015_09_29
https://www.nxtbook.com/sosland/mbn/2015_09_15
https://www.nxtbook.com/sosland/mbn/2015_09_01
https://www.nxtbook.com/sosland/mbn/2015_08_18
https://www.nxtbook.com/sosland/mbn/2015_08_04
https://www.nxtbook.com/sosland/mbn/2015_07_21
https://www.nxtbook.com/sosland/mbn/2015_07_07
https://www.nxtbook.com/sosland/mbn/2015_06_23
https://www.nxtbook.com/sosland/mbn/2015_06_09
https://www.nxtbook.com/sosland/mbn/2015_05_26
https://www.nxtbook.com/sosland/mbn/2015_05_12
https://www.nxtbook.com/sosland/mbn/2015_04_28
https://www.nxtbook.com/sosland/mbn/2015_04_014
https://www.nxtbook.com/sosland/mbn/2015_03_31
https://www.nxtbook.com/sosland/mbn/2015_03_17
https://www.nxtbook.com/sosland/mbn/mbn/2015_03__03
https://www.nxtbook.com/sosland/mbn/2015_02_17
https://www.nxtbook.com/sosland/mbn/2015_02_03
https://www.nxtbook.com/sosland/mbn/2015_01_20
https://www.nxtbook.com/sosland/mbn/2015_01_06
https://www.nxtbook.com/sosland/mbn/2014_12_23
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https://www.nxtbook.com/sosland/mbn/mbn_2014_11_25
https://www.nxtbook.com/sosland/mbn/2014_11_11
https://www.nxtbook.com/sosland/mbn/2014_10_28
https://www.nxtbook.com/sosland/mbn/2014_10_14
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https://www.nxtbook.com/sosland/mbn/2014_09_02
https://www.nxtbook.com/sosland/mbn/214_08_19
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https://www.nxtbook.com/sosland/mbn/2014_07_22
https://www.nxtbook.com/sosland/mbn/2014_07_08
https://www.nxtbook.com/sosland/mbn/2014_06_24
https://www.nxtbook.com/sosland/mbn/2014_06_10
https://www.nxtbook.com/sosland/mbn/2014_05_27
https://www.nxtbook.com/sosland/mbn/2014_05_13
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https://www.nxtbook.com/sosland/mbn/2014_03_18
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https://www.nxtbook.com/sosland/mbn/2014_01_21
https://www.nxtbook.com/sosland/mbn/2014_01_07
https://www.nxtbook.com/sosland/mbn/2013_12_24
https://www.nxtbook.com/sosland/mbn/2013_12_10
https://www.nxtbook.com/sosland/mbn/2013_11_26
https://www.nxtbook.com/sosland/mbn/2013_11_12
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https://www.nxtbook.com/sosland/mbn/2013_09_17
https://www.nxtbook.com/sosland/mbn/2013_09_03
https://www.nxtbook.com/sosland/mbn/2013_08_20
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https://www.nxtbook.com/sosland/mbn/2013_07_23
https://www.nxtbook.com/sosland/mbn/2013_07_09
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https://www.nxtbook.com/sosland/mbn/2013_05_28
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https://www.nxtbook.com/sosland/mbn/2013_03_19
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https://www.nxtbook.com/sosland/mbn/2013_02_19
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https://www.nxtbook.com/sosland/mbn/2013_01_22
https://www.nxtbook.com/sosland/mbn/2013_01_08
https://www.nxtbook.com/sosland/mbn/2012_12_25
https://www.nxtbook.com/sosland/mbn/2012_12_11
https://www.nxtbook.com/sosland/mbn/2012_11_27
https://www.nxtbook.com/sosland/mbn/2012_11_13
https://www.nxtbook.com/sosland/mbn/2012_10_30
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https://www.nxtbook.com/sosland/mbn/2012_10_02
https://www.nxtbook.com/sosland/mbn/2012_09_18
https://www.nxtbook.com/sosland/mbn/2012_09_04
https://www.nxtbook.com/sosland/mbn/2012_08_21
https://www.nxtbook.com/sosland/mbn/2012_08_07
https://www.nxtbook.com/sosland/mbn/2012_07_24
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https://www.nxtbook.com/sosland/mbn/2012_06_26
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https://www.nxtbook.com/sosland/mbn/2012_04_17
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https://www.nxtbook.com/sosland/mbn/2012_01_24
https://www.nxtbook.com/sosland/mbn/2012_01_10
https://www.nxtbook.com/sosland/mbn/2011_12_27
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https://www.nxtbook.com/sosland/mbn/2011_11_29
https://www.nxtbook.com/sosland/mbn/2011_11_15
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https://www.nxtbook.com/sosland/mbn/2011_10_18
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https://www.nxtbook.com/sosland/mbn/2011_08_23
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https://www.nxtbook.com/sosland/mbn/2011_07_26
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https://www.nxtbook.com/sosland/mbn/2011_06_28
https://www.nxtbook.com/sosland/mbn/2011_06_14
https://www.nxtbook.com/sosland/mbn/2011_05_31
https://www.nxtbook.com/sosland/mbn/2011_05_17
https://www.nxtbook.com/sosland/mbn/2011_05_03
https://www.nxtbook.com/sosland/mbn/2011_04_19
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https://www.nxtbook.com/sosland/mbn/2011_03_22
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https://www.nxtbook.com/sosland/mbn/2011_02_22
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https://www.nxtbook.com/sosland/mbn/2010_10_19
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https://www.nxtbook.com/sosland/mbn/2010_09_21
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https://www.nxtbook.com/sosland/mbn/2010_03_23
https://www.nxtbook.com/sosland/mbn/2010_03_09
https://www.nxtbook.com/sosland/mbn/2010_02_23
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https://www.nxtbook.com/sosland/mbn/2009_04_07
https://www.nxtbook.com/sosland/mbn/2009_03_24
https://www.nxtbook.com/sosland/mbn/2009_03_10
https://www.nxtbook.com/sosland/mbn/2009_02_24
https://www.nxtbook.com/sosland/mbn/2009_02_10
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https://www.nxtbook.com/sosland/mbn/2008_10_21
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https://www.nxtbook.com/sosland/mbn/2008_09_23
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https://www.nxtbook.com/sosland/mbn/2008_04_22
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https://www.nxtbook.com/sosland/mbn/2004_03_09
https://www.nxtbook.com/sosland/mbn/2004_03_02
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https://www.nxtbook.com/sosland/mbn/2003_12_09
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https://www.nxtbook.com/sosland/mbn/2003_11_25
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