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
 

Senate Passes CAFTA 54-45, House Gets the Trade Pact Next

Trade pact, which has wide support from several farm groups, got a boost late Thursday by the Senate vote. House fight could be tougher.

Compiled by staff 
Published: Jul 1, 2005

Late Thursday, the U.S. Senate passed the Central America Free Trade Agreement to eliminate tariffs and trade barriers in the region. The measure, which remains controversial because of provisions that open up more trade for sugar domestically, had faced some hard times getting through committee. However, after initial calls that the measure would be sent to the Senate floor without a committee vote the mood apparently changed.

Thursday, the measure arrived on the Senate floor with an approval vote from the Senate Finance Committee, which was a seal of approval for the measure.  The Senate went on to approve the measure late in the session by a 54-45 vote following a White House negotiation that brought on board two key senators who worried about the measure's impact on the sugar industry.

Secretary of Agriculture Mike Johanns issued a statement commending the Senate for its action on the measure noting that "CAFTA is another important step in building new markets and improving the competitive position of U.S. agriculture in the global marketplace."

The Minnesota sugar industry issued a statement before the Senate voted on the measure noting that while there are a lot of side deals "no deal was brokered that addresses our concerns with CAFTA. And, there appears to be no interest by [USDA] or the U.S. Trade Representative's office to find a long-term comprehensive solution." The statement was supported by American Crystal, Minn-Dak Farmers Cooperative, Red River Valley Sugarbeet Growers Association and Southern Minnesota Beet Sugar Cooperative.

The House Ways and Means Committee also voted to approve CAFTA, sending the measure to the House for consideration. At that level the measure will face tough opposition with key players from sugar-producing states saying they'll fight the trade pact. A House vote on the measure is expected before the August recess.



Permalink: Click here

Tagged: usda, free trade agreement

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
Weekly Fertilizer Review
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
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