As befits the chairman of the worlds largest food-production company, Peter Brabeck-Letmathe is counting calories. But its not his diet that the chairman and former CEO of Nestle is worried about. Its all the food that the U.S. and Europe are converting into fuel while the worlds poor get hungrier.
At more than 4,100 feet above sea level, the Upper Klamath Lake north of Klamath Falls, OR, is the largest freshwater body in Oregon. The 160-square-mile lake already is naturally high in phosphorous and other nutrients because of historic volcanic activity in the region.
Borrowers can benefit from the economys anxiety! Interest rates are at historic lows, with 10-year Treasuries bouncing under 2 percent in intra-day trading in recent weeks and closing at levels not seen since the 1950s.
The U.S. Department of Labor, responding to a surge in fatal grain-elevator accidents, proposed last Wednesday to ban children under the age of 18 from working around these towering structures which hold massive amounts of crops such as corn, wheat and soybeans.
Although Corn Belt farmers scarcely face the consequences of the Endangered Species Act (ESA) up close, Klamath Basin farmers in Oregon and California say the agriculture industry in other parts of the country should take notice and get organized before a crisis occurs.
In a recent memo to executive branch units, the Office of Management and Budget (OMB) said requests for discretionary appropriations for FY 2013, which begins Oct. 1, 2012, should be at least 5 percent below what departments and agencies received for FY 2011 unless they have been given specific direction otherwise.
John Harrison agrees weaning and heat are a good way of doubling your problems. The Cairo, GA, producer schedules for an October through December calving season, but that means he weans in June and July. And it doesnt help that cattle are designed without a good radiator.
The July USDA Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports put corn ending stocks below trade expectations, allowing the corn market to recover from recent losses.
Highly optimistic for the short term, cautiously so for the longer term, was the mood among the several hundred bankers, agribusiness executives and farmers attending a symposium entitled Recognizing Risk in Global Agriculture at the Federal Reserve Bank of Kansas City.