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USFR Weekly Recap - January 26-27, 2013

January 26, 2013

                                                                                                                                                                                             

THIS WEEK ON U.S. FARM REPORT

EPISODE # 2059

JANUARY 26-27, 2013  

 

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. WHILE WE HAVE PLENTY OF NEWS FOR AGRICULTURE HERE AT HOME, I WAS STRUCK BY POLTICAL DEVELOPMENTS IN EUROPE THIS WEEK. BRITISH PRIME MINISTER CAMERON PROPOSED A REFERENDUM IN 2017 ON BRITISH E-U MEMBERSHIP. WHILE THIS COULD WELL BE JUST ONE OF THOSE IDEAS THAT FOUR YEARS WILL EVAPORATE, IT HAS SOME INTRIGIUING POSSIBILITIES FOR EUROPEAN AG POLICY. BRITAIN PAYS IN SOME 13 BILLION DOLLARS TO THE COMMON AG POLICY, AND THEIR FARMERS GET LESS THAN 5 BILLION BACK. STILL THAT'S NOT CHUMP CHANGE. BUT THE WINDS OF CHANGE IN AG SUBSIDIES ARE NOT JUST BLOWING THROUGH WASHINGTON, IT SEEMS. IT'S A GLOBAL BREEZE. TIME NOW FOR THE HEADLINES.....HERE'S TYNE MORGAN.

HEADLINES:

THANK YOU JOHN. AND HELLO EVERYONE. THE UN-FINISHED 2012 FARM BILL GETS NEW LIFE IN THE SENATE. SENATE MAJORITY LEADER HARRY REID INTRODUCED THE FIVE YEAR FARM BILL ON TUESDAY. IT'S THE SAME VERSION OF THE BILL APPROVED BY THE SENATE IN JUNE. FARMERS NEED TO MARK THEIR CALENDARS FOR FEBRUARY 19TH. THAT'S WHEN THE FARM SERVICE AGENCY WILL BEGIN SIGN-UPS FOR THE DIRECT AND COUNTER-CYCLICAL PAYMENT PROGRAM AND THE AVERAGE CROP REVENUE ELECTION PROGRAM. THE PROGRAMS WERE EXTENDED AS PART OF THE FARM BILL EXTENSION. ANOTHER MEMBER OF PRESIDENT OBAMA'S EXECUTIVE TEAM HAS DECIDED TO MOVE-ON. U-S TRADE REPRESENTATIVE RON KIRK ANNOUNCED THAT HE WILL LEAVE THE POST IN LATE FEBRUARY. HE'S BEEN THE TRADE AMBASSADOR FOR NEARLY FOUR YEARS. DURING HIS TENURE, CONGRESS APPROVED AND THE PRESIDENT SIGNED FREE TRADE AGREEMENTS WITH KOREA, COLOMBIA AND PANAMA. WE HAVE UPDATE INVOLVING A LAWSUIT BROUGHT AGAINST DEAN FOODS AND DAIRY FARMERS OF AMERICA. THEY WERE ACCUSED IN 2007 OF CONSPIRING TO FIX RAW MILK PRICES. D-F-A HAS NOW AGREED TO PAY 158-MILLION DOLLARS TO SETTLE THE CASE. DEAN FOODS SETTLED LAST SUMMER FOR 140-MILLION DOLLARS. THE SETTLEMENT CAME JUST AS A CLASS ACTION LAWSUIT WAS SET TO GO TO TRIAL. D-F-A SAYS IT WILL MAKE NO ADMISSION OF WRONGDOING. THAT TEETH-CHATTERING COLD THAT PARKED OVER A WIDE PORTION OF THE COUNTRY THIS WEEK IS STARTING TO EASE. CROPWISE, USDA'S JOINT AG WEATHER FACILITY SAYS MUCH OF THE POORLY ESTABLISHED HARD RED WINTER WHEAT CROP DOESN'T HAVE A PROTECTIVE SNOW LAYER, EXPOSING IT TO THE EXTREME COLD.

CROP WATCH:

CROP WATCH THIS WEEK BEGINS IN THE CORN-HUSKER STATE...

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