News & Events
- Updates from Ohio Farm Bureau's 95th Annual Meeting
- Agriculture really is cool!
- Farm bill negotiations underway, Brown outlines priorities
- Important things to know for the 95th OFBF annual meeting
- Students invited to learn more about political process through Capitol Challenge
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House Republicans and Senate Democrats are far apart on the issue, with the GOP aiming to cut $40 billion in funds over 10 years. Democrats’ number is $4 billion. The White House’s report sharply criticizes the House bill, saying it would completely eliminate access to SNAP for 3.8 million low-income people next year.
For the 2013-2014 corn marketing year, hogs are offering an estimated $6.85 per bushel if the profits from hog production are assigned to the value of corn.
Bearish corn market news is everywhere these days, but in the long run lower corn prices will help rebuild export demand and reinvigorate the livestock sector, several ag economists said.
Babcock said corn prices would drop about 5% as a result of reduced mandates, or about 25 cents per bushel. Corn production would fall by about 100 million bushels, and ethanol production would drop by about 11% from reduced mandates.
he Senate is not in session this week, but all conferees have been told they may be summoned to Washington for an open conference meeting on the bill on Wednesday. A Cochran spokesman said that whether the meeting takes place this week or not, "The principals continue to talk and are having substantive discussions.