Milling & Baking News - July 14, 2009 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS JULY 14, 2009 / FEATURE House passes climate change bill, Senate bill in the works WASHINGTON - The House of Rep- emission levels in 2005 and establish- Is ethanol in the tank? Production, use grow as industry struggles Story on Page 20 LATE NEWS Spring wheat outturn down 7% from 2008 WASHINGTON - Production of U.S. spring wheat other than durum forecast in the July 10 U.S. Department of Agriculture Crop Production report at 506,354,000 bus was down 7% from 546,744,000 bus in 2008 and was slightly above average trade expectations. The forecast consisted of 470,115,000 bus of hard red spring, down 8% from 2008, and 36,239,000 bus of white spring, up 3%. Durum production was forecast at 81,217,000 bus, down 4% from 2008 and below trade estimates. Winter wheat production was forecast at 1,524,771,000 bus, up 2% from June but down 18% from 1,867,903,000 bus in 2008. Of the Continued on Page 8 resentatives on June 26, by a vote of 219 in favor to 212 opposed, passed climate change legislation that would require sweeping changes in how the nation conducts business. The American Clean Energy and Security Act (H.R. 2454) aims to dramatically reduce greenhouse gas emissions blamed for global warming, reduce the nation's dependence on foreign oil and stimulate the development and use of emerging "green energy technologies" to lessen the economy's reliance on fossil fuels. The legislation would do so by mandating sharp reductions in greenhouse gas emissions over time by means of adopting progressively lower targets for emissions from a base of estimated ing a carbon-allowance cap-and-trade system as the mechanism for the economy and individual regulated businesses to reach those targets. The legislation drew wary responses from the grain handling, milling and baking industries. Anne Giesecke, a regulatory consultant to the baking and food processing industry, said that while the bill does not target the baking industry specifically, bakers will feel a significant impact from the legislation. "Operating costs will go up because of this legislation, and capital costs, construction in particular, also will be higher," said Dr. Giesecke, who is a Continued on Page 14 Betsy Faga retiring as NAMA president in 2010 WASHINGTON - Elizabeth A. (Betsy) Faga, president of the North American Millers' Association, has informed the group's board of directors that she plans to retire from her post in the spring/summer of 2010. Ms. Faga has been president of the group since its inception in April 1998. NAMA chairman John C. Miller said a succession committee has been created, and a timetable for filling Ms. Faga's position has been established. "We are soliciting expressions of interest, and anyone with an interest should feel free to contact me by phone or e-mail," Mr. Miller said. Mr. Miller expressed gratitude to Ms. Faga for giving NAMA "enough lead time to conduct this process in a methodical fashion." "We know we are going to have a difficult time filling Betsy's shoes," Mr. Miller said. "We always felt that under Betsy we get more representation Continued on Page 17

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Milling & Baking News - July 14, 2009