Agribusiness Update For Thursday 1/10/13

This is the Agribusiness Update...I’m Greg Martin...

House Agriculture Committee Ranking Member Collin Peterson doesn’t intend to markup a new farm bill until the House leadership guarantees farm policy legislation will be debated on the floor this year. Without that commitment - Peterson said Democrats won’t work on a bill.

Well if you have been wondering about that drought in the midwest...it’s still going on although there has been some moisture in the region. A new storm system pushing up from south could bring additional rain and snow to parts of Texas into Oklahoma. According to last week’s drought monitor - snowfall in parts of the Plains had little impact on the historic drought.

And finally. The Bureau of Land Management are looking at at the possibility of establishing a wild horse sanctuary on 820 square miles of land near Wells, Nevada. The idea is to give visitors an up close look at free-roaming mustangs while at the same time ease the need for BLM to remove horses from the range and ship them to costly holding facilities. One thing most everyone agrees upon: BLM's current policy isn't working.

That’s today’s Agribusiness Update from the Ag Information Network.