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AgDay Daily Recap -March 5, 2013

March 5, 2013
 
 

TODAY ON AGDAY

MARCH 5, 2013

 

SEUESTRATION:

GOOD MORNING I'M CLINTON GRIFFITHS. LESS THAN A WEEK INTO SEQUESTRATION, AND THERE ARE STILL A LOT OF UNKNOWNS. LEADERS AT USDA SAY AMERICA'S FARMERS AND RANCHERS MAY YET FEEL THE PINCH AT HOME.

DAIRY TODAY:

IN NEWS FROM OUR PARTNERS AT DAIRY TODAY - THE GOVERNMENT'S BUDGET SEQUESTRATION COULD REDUCE THE JANUARY MILK INCOME LOSS CONTRACT WHICH WAS ANNOUNCED LAST WEEK. THE JANUARY MILC PAYMENT RATE WAS ANNOUNCED AT 11-POINT-EIGHT CENTS PER HUNDREDWEIGHT. ANDY NOVAKOVIC A DAIRY ECONOMIST WITH CORNELL UNIVERSITY - SAYS SEQUESTRATION COULD REDUCE THE MILC PAYMENT BY SEVEN OR EIGHT PERCENT, WHICH IS ABOUT A PENNY PER HUNDREDWEIGHT. NOVAKOVIC SAYS FEDERAL MILK MARKETING ORDERS MAY BE SUBJECT TO SEQUESTRATION AS WELL. READ MORE AT DAIRYTODAY.COM.

COMMODITY GROUP:

ATTENDANCE AT COMMODITY CLASSIC SHATTERED PREVIOUS RECORDS WITH OVER 65-HUNDRED GROWERS REGISTERED. MANY TOOK PART IN POLICY DEVELOPMENT ESSENTIALLY EXTENDING LAST YEAR'S FARM BILL AND CROP INSURANCE POLICIES, WHILE CALLING MEMBERS TO PRESSURE CONGRESS TO GET IT PASSED.  AGDAY'S MICHELLE ROOK SAYS FOR ONCE, THE GROUPS WERE UNIFIED ON POLICY PRIORITIES.

EPA DIRECTOR:

NO DOUBT COMMODITY GROUPS WILL BE KEEPING A SHARP EYE ON THE E-P-A. ON MONDAY THE PRESIDENT ANNOUNCED HIS PICKS FOR THREE CABINET-LEVEL JOBS INCLUDING BOTH THE ENERGY AND EPA DIRECTORS. GINA MCCARTHY IS HIS EPA PICK. SHE CURRENTLY HEADS THE EPA'S OFFICE OF AIR AND RADIATION.

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