China unrest rattles grain market boosts dollar fears
University expert Darrel Good says China's political upheaval rattles traders and helps push wheat prices lower. Harvest delays and smaller US production offset some declines while fears over disrupted deliveries and port strikes add pressure. Stronger dollar may hurt long term US exports as demand shifts.
MENTIONED IN THIS ARTICLE
China
Darrel Good
University of Illinois Cooperative Extension Service
Outlook
Good
United States
U.S
Illinois
Yeutter: Budget cuts won’t shift farm policy soon
Secretary Clayton Yeutter said $600 million in Agriculture Department cuts will not bring major policy changes. He warned a budget reconciliation may limit subsidies and urged careful BST approval, arguing higher milk output could lower prices. Yeutter plans to tell EU agriculture chief not to delay BST decision.
MENTIONED IN THIS ARTICLE
Washington
UPI
Congress
Agriculture Department
Clayton Yeutter
White House
Yeutter
Consumers setting new paths farming will take
Cincinnati based UPI reports former Agriculture Secretary John Block says consumer demands are reshaping U.S. farming and food marketing. He argues price supports worsen under pricing, advocates less federal control and a direct pipeline to consumers, while urging stronger land conservation and pollution controls as the environment dominates farm policy.
MENTIONED IN THIS ARTICLE
Cincinnati
UPI
John Block
United States
Block
National American Wholesale Grocers’ Association
Black
Dairy herd buyout viewed as temporary fix for surpluses
A UPI summary reports the dairy termination program, started in 1985 to curb production by paying farmers to quit for five years, reduced subsidies and surpluses cost effectively but is not a permanent solution. GAO notes effects appear temporary and warns against long term reliance. The program cost the government $1.16 billion in fiscal 1988.
MENTIONED IN THIS ARTICLE
Washington
UPI
General Accounting Office
Agriculture Department
GAO
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