WASHINGTON -- After months of rising food prices, there may be some relief coming with farmers on track to produce the second largest corn crop and fourth largest soybean crop in history.
The Associated Press reported today that, "The Doha Round of World Trade Organization negotiations can still be concluded by the year-end deadline, despite the collapse of talks last month in Geneva, WTO chief Pascal Lamy said in New Delhi."
Senators Chuck Grassley and Tom Harkin of Iowa are leading 23 of their Senate colleagues in an effort to ensure a provision in the farm bill is implemented to Congress' intent.
Amid volatile markets, high crop prices and rising input costs, a different way of managing the revenue risk associated with producing field crops is being offered through the new farm program.
For the first time since the big U.S. corn and soybean buys by the Soviet Union in 1973, the U.S. farmland market is being driven by demand, not supply. That means some farmers could be "modestly shocked" by what they see when they go to sign 2009 farmland lease agreements.
