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Current Policies affecting Grains and Oilseeds Sara Wyant Agri-Pulse February 21, 2014.

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Presentation on theme: "Current Policies affecting Grains and Oilseeds Sara Wyant Agri-Pulse February 21, 2014."— Presentation transcript:

1 Current Policies affecting Grains and Oilseeds Sara Wyant Agri-Pulse February 21, 2014

2 Over three years of hearings, markup and floor time 2008 Farm Bill expired in 2012, key parts extended for one year House and Senate farm bills out of committee by 5/15/13 Senate passage 6/10/13 by House vote failed on 6/20/13 by House approves Split farm bill by on 7/11/13 House approves stand alone nutrition bill on 9/19/13 Conference report delivered 1/27/14 House approves on 1/29/14 Senate approves on 2/4/14 President signs Agricultural Act of 2014 on 2/7/14 Finally, a farm bill!

3 The Agricultural Act of 2014 I.Commodity programs II.Conservation III.Trade IV.Nutrition V.Credit VI.Rural Development VII.Research VIII. Forestry IX.Energy X.Horticulture XI.Crop Insurance XII.Miscellaneous

4 Target Prices under the 2008 Farm Bill vs Farm Bill Crop Target Price2014 Target Price Wheat$ 4.17 bushel$ 5.50 bushel Corn$ 2.63 bushel$ 3.70 bushel Grain Sorghum$ 2.63 bushel$ 3.95 bushel Barley$ 2.63 bushel$ 4.95 bushel Oats$ 1.79 bushel$ 2.40 bushel Long Grain Rice (with an adjustment for California medium grain) $ cwt.$ cwt. Soybeans$ 6.00 bushel$ 8.40 bushel Other oilseeds$ cwt.$ cwt. Peanuts$ 495 ton$ 535 ton Dry Peas$ 8.32 cwt.$11.00 cwt. Lentils$ cwt.$ cwt Small chickpeas$ cwt.$ cwt. Large chickpeas$ cwt$ cwt.


6 EPAs proposed changes to the RFS The agency's proposal would lower the requirement to 15.2 billion gallons of renewable fuels, with billion gallons from conventional ethanol and 2.2 billion gallons from advanced biofuels. Previous requirements passed by Congress called for billion gallons of renewable fuels next year, with 14.4 billion gallons of conventional ethanol and 3.75 billion gallons of advanced biofuels. Sen. Heidi Heitkamp called the EPAs proposal a significant step backward.


8 Would help modernize nations aging lock and dam system, other navigation systems Negotiations between House and Senate conferees largely stalled despite strong bipartisan votes in both chambers in October Water Resources Reform and Development Act

9 When 98 percent of our exporters are small businesses, new trade partnerships with Europe and the Asia Pacific will help them create even more jobs. We need to work together on tools like bipartisan trade promotion authority to protect our workers, protect our environment and open new markets to new goods stamped Made in the U.S.A. President Obama State of the Union address Focus on trade

10 Trans-Pacific Partnership (TPP): 12 countries: U.S., Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam 793 million consumers, $28.1 trillion in GDP Transatlantic Trade and Investment Partnership (TTIP): Spans 28 countries, over 500 million consumers and a GDP of $16.5 trillion Trade Promotion Authority (TPA) needed to seal these deals Despite benefits, Trade is a Hard Sell!

11 Fast track or Slow Track? Im against fast track. Everyone would be well advised just to not to push this right now. Sen. Harry Reid Camp-Baucus, in its present form, is unacceptable to me. Rep. Nancy Pelosi

12 Japans offer on TPP: Unacceptable to U.S. Ag Japan's parliament has listed five "sacred" commodities that must be excluded from TPP tariff-zeroing: rice, beef/pork, wheat, sugar and dairy. Japan wants to exempt from tariff elimination 586 tariff lines, or 11 percent of its tariff schedule. In the 17 other FTAs the United States has concluded this century, only 233 tariff lines were exempted from tariff elimination. The U.S. must reject Japans offer…. noted NPPC, NCBA, AMI, NAWG and US Wheat

13 Hard lines being drawn on TTIP To be very clear, we are not going to import hormone beef. Because it would mean we would have to change our basic legislation, and we are not going to do it. Were not going to even make a legislative proposal for that because it has no support in Parliament, it has no support in the Commission. So we will keep and stick to our regulations Karel de Gucht European Commissioner for Trade Its a negotiation. There is not likely to be an agreement with the EU unless we deal fully with agricultural issues. We have to put on the table issues like beef, biotech and geographical indicators….Its not appropriate to take a line in the sand attitude. Tom Vilsack Secretary of Agriculture

14 New biotech approvals Drones and precision agriculture Big data Technology issues

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