Case IH Power Tab

Farm Futures
   Search Site:   Saturday, May 26, 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
 

Hearing on Climate Change Provides Lots of Viewpoints

Vilsack issues USDA study on House version.
Compiled by staff 
Published: Jul 23, 2009

The Senate Agriculture Committee's hearing on climate change legislation Wednesday held many points of view and a surprise announcement of results from a USDA study by Secretary of Agriculture Tom Vilsack. An analysis of the House-passed version of climate legislation by USDA shows that the economic benefits to agriculture from the cap and trade legislation will likely outweigh the costs in the short term, and that the economic benefits from offsets markets will easily outpace increased input costs over the long term.

Panel member Bob Stallman, President of the American Farm Bureau Federation asked the Senate Agriculture Committee to take an active and aggressive role in the climate change debate, but cautioned committee members that rushing to pass such sweeping legislation would be a fundamental mistake. Stallman encouraged members to analyze the issue closely, carefully and thoroughly. He also recommended that the committee improve climate change legislation so that it is as beneficial as possible for the agriculture industry.

Senator Saxby Chambliss, R-Ga., Ranking Republican Member of the Senate Agriculture Committee, seemed to agree with Stallman and asked committee chairman Tom Harkin, D-Iowa, to consider holding more hearings to better understand the climate change issue and its effects on agriculture, forestry and rural America. He also recommended careful review of the role of the Commodity futures Trading Commission under a cap and trade program.

Roger Johnson, President of the National Farmers Union, says America's farmers and ranchers can, and want to be, part of the solution to global climate change. In his testimony Johnson said, "To state it simply, the cost of no action must become a central part of the ongoing climate change debate. Models of climate change scenarios demonstrate increased frequency of heat stress, droughts and flooding events that will reduce crop yield and livestock productivity."

Johnson said if Congress fails to pass climate change legislation, the Environmental Protection Agency will move to regulate greenhouse gas emissions. This approach would only bring increased energy inputs without the opportunities of carbon offsets.

Permalink: Click here

Tagged: usda, farm, Farm Bureau, Environmental Protection Agency, 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

 
USDA Seeks Comment on Report Timing
Afternoon Recap by Arlan Suderman
Weekend Forecast Changes Pivotal for Grain Futures
CRP Signup Results Announced
Satellite Imagery Shows the Good and the Bad
Farm Markets Rise Ahead of Holiday
The Buzz: Grain Market Chaos Continues
Morning Call by Bryce Knorr
Weekly Fertilizer Review
CME Group Alters Hours…Again
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