STAFF BLOG AG RIGHT Benefitting from the cold
If you raise livestock or winter wheat on the Northern Plains, the brutal cold wave complicates your life and could cost you money.
But for other agriculturalists in this part of the world, the cold ... Posted on 1/7/14 at 2:52 PM
WASHINGTON — The Justice Department will continue to advise the Agriculture Department on the USDA Grain Inspection, Packers and Stockyards Administration’s rewrite of the rule governing the Packers and Stockyards Act, outgoing Assistant Attorney General Christine Varney said July 12.
In a year filled with economic turmoil, cattle and hog prices are rising thanks to an unusually tough winter.
“There’s less supply and more demand than a year ago,” said Mitchell Livestock Auction partner Marion Rus. “Export demand is also better than a year ago, and imports into this country of meat are also down.”
State is the main U.S. source for fresh winter tomatoes, and its growers lost some 70 percent of their crop during January’s prolonged cold snap. Wholesale prices are up nearly five times over last year. That means you can say goodbye to the beefsteak tomatoes on that burger and prepare to pay more than usual for the succulent wedges in your salad.
Farmers enrolled in a program that rewards them for reducing greenhouse gasses are finding the market for their carbon credits has shrunk amid the recession and uncertainty about climate legislation being crafted by Congress.
Carbon dioxide credits are fetching about 60 cents a metric ton, down from a high of about $7 a year ago, according to the National Farmers Union, which runs the program.
By James MacPherson, The Associated Press
, July 30, 2009
Area farmers are storing their crops after a drop in prices and waiting for a rebound.
Problems on Wall Street bear most of the blame for plunging crop prices, said Mike Krueger, founder and president of the Money Farm, a grain marketing advisory service in Casselton.
“The financial mess is affecting commodity markets,” he said.
Many investors want the security of cash and are selling commodities, he said.
October 09, 2008
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