Agribusiness Update for Tuesday 4/23/13

Agribusiness Update for Tuesday 4/23/13

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

A petition has been filed in the Supreme Court challenging the Environmental Protection Agency’s finding that greenhouse gases endanger public health and welfare, its rule to limit greenhouse gases from passenger vehicles and its timing and tailoring rules that govern greenhouse gas permit applicability at stationary sources. The petition was filed by the National Cattlemen’s Beef Association - along with the Coalition for Responsible Regulation.

It’s been reported that there are plans to move ahead with markup of the farm bill on May 15th. The Republican leadership has suggested Rep. Lucas take more time and consider tougher changes in the food stamp program to win conservative votes. On the Senate side Sen. Johanns has told reporters his impression is their committee markup will also take place in May.

Legislation focused on eliminating loopholes, waste, fraud and abuse would save 30-billion dollars over 10 years from the Supplemental Nutrition Assistance Program. The streamlining would eliminate waste, fraud and abuse while ensuring a strong safety net for hungry families in greatest need.

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

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