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CFTC eases on hedging rules, pleasing grain traders

The Commodity Futures Trading Commission has responded to the concerns of agribusiness by loosening its restrictions on the type of hedging strategies that can be exempted from position limits. A supplemental proposal released by the CFTC would ensure that anticipatory hedging practices could qualify for a “bona fide” hedging exemption. The proposal also would provide flexibility to commodity exchanges to recognize certain positions as bona fide hedging, subject to CFTC oversight. [node:read-more:link]

Animal welfare activists, state spar over 'ag-gag' law

Utah's law banning secret filming of agricultural facilities is unconstitutional and should be struck down just as Idaho's measure was last year, argue animal welfare activists in a new court filing. The so-called "Ag-gag" law, passed in 2012, has a chilling effect on groups trying to expose unsafe and illegal practices at slaughterhouses and factory farms, said attorneys for a group of plaintiffs that include the Animal Legal Defense Team and People for the Ethical Treatment of Animals. [node:read-more:link]

The Graying of Rural America

As young people increasingly move to cities, what happens to the people and places they leave behind? Over the past two decades, as cities have become job centers that attract diverse young people, rural America has become older, whiter, and less populated. Between 2010 and 2014, rural areas lost an average of 33,000 people a year. Today, just 19 percent of Americans live in areas the Census department classifies as rural, down from 44 percent in 1930. But roughly one-quarter of seniors live in rural communities, and 21 of the 25 oldest counties in the United States are rural. [node:read-more:link]

Former SD ag secretary tapped to lead Pork Board

The National Pork Board has selected Bill Even to serve as the organization's next CEO. Even is currently global industry relations lead with DuPont Pioneer, where he has worked in some capacity since 2010. Before then, he served as South Dakota agriculture secretary for three years. [node:read-more:link]

“Voluntary” FDA Sodium Targets May Bind Food Companies

FDA yesterday released so-called “voluntary” targets for sodium reduction for 150 categories of foods.  A spreadsheet issued by the agency details baseline sodium content for each of the categories and lists short-term and long-term targets. The agency says it "recognizes the important role of sodium in food for microbial safety, stability, and other functions . . . [node:read-more:link]

Supreme Court ruling offers clues on fate of Obama rule

Enforcement of the Clean Water Act could undergo a wave of changes in the wake of yesterday's Supreme Court ruling on a key wetlands case, legal scholars say. The opinion is also offering clues to the possible fate of the administration's new water rule.  The Supreme Court ruled 8-0  in the case Army Corps of Engineers v. Hawkes Co. [node:read-more:link]

Study details economic benefits of GM crops

A study by U.K.-based PG Economics finds that farmers around the world who use genetically modified (GM) seeds reaped economic benefits averaging more than $100 per hectare (about 2.5 acres) in 2014 while at the same time improving the environmental sustainability of their operations.  “Two-thirds of these benefits derive from higher yields and extra production, with farmers in developing countries seeing the highest gains,” said Graham Brookes, director of PG Economics and co-author of the report. [node:read-more:link]

Groups worry FSA may run out of funds for loan guarantees

Farmers and ag lenders relying on Farm Service Agency direct loans or guarantees could see those loans delayed this summer as demand is quickly draining available funds.  Several ag groups are sending a letter to members of the House and Senate appropriations committees highlighting the escalating demand for these loan programs and pointing out the USDA's Farm Service is expected run out of funds later this month for direct operating loans and guaranteed operating loans. [node:read-more:link]

The Maschhoffs, Hormel targeted in undercover video

The Animal Legal Defense Fund(ALDF) has released a video that supposedly depicts scenes of animal abuse and neglect at a Nebraska pig breeding farm owned and operated by The Maschoffs.In the video, ALDF also identifies Hormel Foods, a pork company with which The Maschhoffs is a supplier. [node:read-more:link]

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