As Gary Blumenthal wrote last night, the House Agriculture Committee released its version of the 2012 farm bill, called the Federal Agriculture Reform and Risk Management (FARRM) Act, readying the Committee for mark-up next Wednesday, 11 July. As we've predicted (see WPI 18 May), the House Agriculture Committee bill:
Makes deeper cuts in spending through additional cuts to the Supplemental Nutrition Assistance Program (SNAP); Includes a choice between a crop or revenue coverage risk management program (like the proposal developed during the Super Committee process in 2011); and Is more generous/less stingy (depending on your reference point) to southern commodities.
Like the Senate bill, the House proposal eliminates D...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
