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
 

New Management Plan May Help Funding

Lock and dam funding still on hold three years after it was approved.
Compiled by staff 
Published: Dec 10, 2010

Upper Mississippi and Illinois River locks modernization faces new funding hurdles in a more fiscally conservative Congress, but a key project backer hopes a new capital management plan will finally jump-start the long awaited project.

The 20-year Inland Waterway Capital Development Plan, assembled by private industry and the Army Corps, could give Upper Mississippi locks modernization a fighting chance for construction dollars in a more Republican Congress. Waterways Council spokeswoman Debra Colbert says the plan proposes a national prioritized list of navigation projects.

"We look at economic benefits and project conditions," Colbert said. "The plan really offers a path forward for more efficiently completing around 25 navigation projects including Upper Mississippi and Illinois River projects over a six-year period."

Some 200 groups back the plan to get projects like the locks modernization moving. What's been known as WRDA has been struggling to win construction dollars ever since Congress authorized them over former President Bush's 2007 veto.

Colbert says the plan also calls for raising the tax paid by commercial users of the waterway system. That could raise objections from politically-strengthened anti-tax Republicans.

"When we look at the new order of the 112th Congress, the word tax and raising taxes is very unpopular," Colbert said. "Even though we're asking to tax ourselves in a responsible way, we really need to look at other ways to express this plan."

Colbert's group pushed last week at a Senate hearing to include the Capital Development Plan in a new water projects bill, not expected to see final action until the new Congress.



Permalink: Click here

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
The Buzz: Grain Market Chaos Continues
Morning Call by Bryce Knorr
CRP Signup Results Announced
Satellite Imagery Shows the Good and the Bad
Farm Markets Rise Ahead of Holiday
Livestock Call By John Otte
Weekly Fertilizer Review
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