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
 

Program to Support Producers Proposed by NASDA

Extra dairy, pork and poultry would be taken out of market.
Compiled by staff 
Published: Oct 2, 2009

The National Association of State Departments of Agriculture says it has a plan designed to take extra dairy, pork and poultry supplies off the market, stabilizing prices paid to producers while making more protein-rich foods available to food banks, school lunch programs and other food assistance programs. The proposal grew from discussions held during NASDA's annual meeting in Alabama.

 

The proposal, known as 'Meat the Need', is designed to use money previously authorized by Congress to purchase cheese and other dairy products in up to three installments of 75 million pounds each over 120 days. If the target price of $16 per hundredweight of milk, the cost of production, is reached before the second or third installment, the purchases would stop.

 

Likewise, the government would purchase up to three installments of 100 million pounds of pork products over 180 days until a target price of 49 cents per pound, the average cost of production, is reached. The plan also includes a one-time purchase of 100 million pounds of turkey.

 

North Carolina Agriculture Commissioner Steve Troxler called this a bold solution that would allow the USDA to increase allocations to the Supplemental Nutrition Assistance Program, and beneficiaries would spend the new allocations on meat and possibly dairy products. Troxler said these products would be available at grocery stores, and participants would be given separate electronic benefits transfer cards to purchase the products.



Permalink: Click here

Tagged: usda

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

 = 
Definitely a step in the right direction. Why in the world beef products aren't included is beyond me. Maybe the beef producers aren't losing enough money, who knows how these guys think. I don't like government intervention any more than the next guy but lets face it if we are going to spend 100's of billions of dollars bailing out corporate America then a few billion to keep our food producers on the farm is acceptible to me.
Posted by Iowapackman on October 2 at 1:23 PM
 
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
Weekly Fertilizer Review
Livestock Call By John Otte
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