Agribusiness Update -1/31/14

According to the Congressional Budget Office score of the 2014 farm bill - the measure - including sequester - will yield a total of 23-billion dollars in cuts to program spending. This meets the goal set by the agriculture committee in 2011. The cuts to farm programs total 18.4-billion. Conservation programs are cut by 6.1-billion dollars and nutrition programs are cut by eight-billion. While that totals more than 23-billion - some of those savings were reinvested into priorities like energy, strengthening crop insurance, research and fruits and vegetable programs. So the bill reduces the deficit by 23-billion dollars.

The executive management of the National FFA Organization and National FFA Foundation will be consolidated through a joint governance committee of the two boards, a common CEO and a common CFO. The move was approved unanimously by the FFA Board of Directors and the Foundation Board of Trustees. The plan includes implementation of an integrated management team to increase collaboration and communication across both boards.

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