Case IH Power Tab

Farm Futures
   Search Site:   Friday, May 25, 2012 | Bookmark This Site   
Skip Navigation Links
Home
Markets
News
Weather
Farm Futures NOW!
Magazine Online
RSS News
Land For Sale
Mobile
Subscribe
Reprints
Register
Login
About Us
Advertise
 
Share This
 

Cuban Farm Export Limitations Overturned

Senate committee votes to change regulations on Cuban farm trade.
Compiled by staff 
Published: Jul 14, 2009

On a voice vote last week, the Senate Appropriations Committee approved an amendment to the Fiscal Year 2010 Financial Services spending bill that would overturn the Bush administration's definition of payment of cash-in-advance with respect to Cuban purchases of U.S. farm products. Senator Byron Dorgan, D-N.D., offered the amendment.

"It was never in my judgment a justification for reinterpreting the law that had been administered for six years that cash in advance meant when you delivered the goods," Dorgan said. "They changed it so that it was before you shipped the goods. There was never justification for that."

Dorgan assured the panel that his amendment has everything to do with helping American farmers and nothing to do with propping up the regime of Cuba's President Raul Castro.

"We want to go back to the original intent of the law so that our farmers have an opportunity to sell into that marketplace just as the Canadian farmers and European farmers and others do," Dorgan said. "Every farm organization in the country, they all want this change; it's just the right thing to do."

There was no dissenting debate and only one Senator on the committee voted against Dorgan's amendment.  

U.S. farm exports to Cuba have averaged $400 million annually since 2000 with top commodity sales including poultry, wheat, soybeans, rice and dairy. With enactment of Dorgan's amendment and removal of all Cold War-era restrictions against Havana the American Farm Bureau Federation projects yearly ag exports to the island nation to increase to more than $1 billion.



Permalink: Click here

Tagged: farm, wheat, soybeans, Farm Bureau, American Farm Bureau Federation

Comments
Read comments from others and share your own thoughts.
Please provide the answer to the following question:

 = 
 
Search this site:   

Read More Stories
USDA Seeks Comment on Report Timing
Read this storyWith new market hours,USDA is looking into the right time to release information to the market.
Read this story

Weekend Forecast Changes Pivotal for Grain Futures
Read this storyEurope remains a concern, but the big driver on Tuesday will likely be the state of next week’s anticipated Midwest rains.
Read this story

Farm Markets Rise Ahead of Holiday
Read this storyOvernight boost based on positive comments from Europe aimed at pressuring Germany.
Read this story

 
Morning Call by Bryce Knorr
Farm Markets Rise Ahead of Holiday
USDA Seeks Comment on Report Timing
Livestock Call By John Otte
Afternoon Recap by Arlan Suderman
Satellite Imagery Shows the Good and the Bad
CME Group Alters Hours…Again
The Buzz: Grain Market Chaos Continues
Farm Bill Heads for Senate Floor
Weekend Forecast Changes Pivotal for Grain Futures
Top 50 Tags
4-H afternoon recap American Farm Bureau Federation American Soybean Association animal health arlan suderman biodiesel biofuels bryce knorr BSE Bushel checkoff cotton Drought Environmental Protection Agency EPA ethanol Extension extension service farm farm bill Farm Bureau farm futures farm futures magazine farm futures market farm progress Farm Service Agency farmfutures farmfutures.com farming farmprogress.com fertilizer FFA free trade agreement Harvest insurance labor legal National Cattlemen's Beef Association National Corn Growers Association NCGA soybean soybean association soybeans SURE usda wheat winter wheat www.farmfutures www.farmfutures.com