Schilling Supports Bipartisan Farm Bill PDF Print E-mail
News Releases - Agribusiness
Written by Andie Pivarunas   
Friday, 13 July 2012 12:20

Bill protects safety net, strengthens rural America, should continue forward

Washington, DC – Congressman Bobby Schilling (IL-17) released the following statement today after the House Agriculture Committee held 14 hours of debate and early this morning approved H.R. 6083, the Federal Agriculture Reform and Risk Management (FARRM) Act by a vote of 35-11, with his support:

“As the Ag Committee has been working towards passage of the next farm bill, I’ve appreciated all the feedback from our area’s farmers and producers,” Schilling said. “Illinois’ 17th District is an agricultural powerhouse, and their input on the needs of the ‘final three feet’ has been invaluable to me as the Committee has worked to produce a farm bill that works for America and provides farmers and producers the tools they need to manage their risk and do what they do best, which is feed our country."

Ag Committee Chairman Frank Lucas (OK-03) and members of the Committee joined Schilling at Carl Sandburg College in Galesburg last March for a field hearing on the area’s priorities for the next farm bill.  Witnesses at that hearing expressed the importance of developing policy that appreciates and recognizes the risks involved with growing food and fiber.  They stressed the need for an effective safety net and a choice of risk management tools to enable farmers to continue producing a stable food supply and competing in a global marketplace.

The five-year FARMM Bill that passed the Committee this morning has a strong crop insurance title, and would save $35 billion in mandatory funding over 10 years.  Sixteen billion dollars in savings comes from the Supplemental Nutritional Assistance Programs (SNAP), formerly known as food stamps, which account for about 80 percent of farm bill funding.  

“The SNAP program is vital, and it’s important to me that those who are most in need continue to receive help,” Schilling said. “I’m grateful that Chairman Lucas and Ranking Member Peterson adopted ideas supported by both Democrats and Republicans to ensure that this farm bill closes loopholes and eliminates waste, fraud, and abuse in SNAP law, such as preventing lottery winners from receiving benefits, while continuing to provide assistance to those that need it.  With 8.2 percent unemployment, the more people we can put back to work, the fewer people on programs like SNAP.  From day one, I have been focused on relentlessly advocating for polices that help put Americans back to work with good paying jobs.

“With the Ag Committee having passed this bill, it should be brought to the floor to ensure that farmers and producers have the certainty of a five-year farm bill and needy families have the certainty of continued assistance.”

At $136.3 billion, 2011 was a record year for U.S. agricultural exports.  According to the United States Department of Agriculture, every $1 billion in AG exports provides for 8,400 related jobs for men and women here in America.


What is the Farm Bill? This 12 title bill sets forth policies on commodities, conservation, trade, nutrition, credit, rural development, research, forestry, energy, horticulture, crop insurance and miscellaneous issues.

How much money would the House Agriculture Committees Farm Bill Save? $35 billion ($16 billion from nutrition/SNAP, $14 billion from commodity programs and about $6 billion from conservation).

The Senate Farm Bill would save about $23 billion.

Where does the money go? Over a period of ten years, the Congressional Budget Office has determined that these programs receive $995 billion in budget authority.  $772 billion, or 78 percent, goes to food stamps.  While called “the Farm Bill”, this legislation is really a food and nutrition bill.

# # #

To send Congressman Schilling an e-mail, click here

Loebsack Stands Ready to Support Iowa Farmers Affected by Drought-like Conditions PDF Print E-mail
News Releases - Agribusiness
Written by Joe Hand   
Thursday, 12 July 2012 14:41

Encourages Eastern Iowa Farmers to Attend Drought Meeting July 18th

Washington, D.C. – Congressman Dave Loebsack today offered his support and assistance to Iowa farmers whose livestock and crops have been damaged by the recent heat wave and lack of rain across the state.  Loebsack has been traveling throughout Iowa, meeting with farmers and livestock producers and has heard firsthand of the worsening conditions, which provided him information to make USDA aware of the conditions on the ground.

“I have kept in close touch with Iowa farmers and livestock producers that have been hurting from the heat wave and lack of rain.  Iowans have lost livestock, are worried about the quality of the crop, and are seeing grazing land dry up. I have taken those concerns directly to USDA to let them know about what I’m hearing from farmers.  I am pleased Iowa farmers will have an opportunity to talk with the Governor about their concerns.  I stand ready to assist the Governor in pursuing assistance for farmers from USDA if necessary.  This is why I also pushed to have a livestock disaster aid program included in the new farm bill and I’m happy to say it’s been included in the proposal.”

Tuesday, July 18, 2012


9am                 Gov. Branstad and Lt. Gov. Reynolds hold public meeting on dry and D1 Drought conditions

Mt. Pleasant High School gymnasium

2104 South Grand Avenue

Mount Pleasant, IA

Grassley seeks scrutiny of commodity broker regulatory system PDF Print E-mail
News Releases - Agribusiness
Written by Grassley Press   
Thursday, 12 July 2012 14:36

WASHINGTON – Senator Chuck Grassley is asking the leaders of the Senate Agriculture Committee to address the PFGBest broker scandal during a hearing scheduled for Aug. 1 about the loss of funds by farmers, grain co-ops and commodity brokers when MF Global’s broker-dealer unit collapsed late last year.

Grassley also is asking the Commodity Futures Trading Commission (CFTC) to provide information on what the CFTC did in response to red flags that were raised with the commission regarding PFGBest.

“We have to make sure regulators are doing their job, and congressional oversight is a very important means for doing so,” Grassley said.  “People need to have confidence in our commodity trading system in order for it to work for farmers and investors the way it’s intended.”

Click here for Grassley’s letter to Agriculture Committee Chairman Debbie Stabenow and Ranking Member Pat Roberts.  Click here for Grassley’s letter to CFTC Chairman Gary Gensler.  Below is the text of both letters.

July 12, 2012

The Honorable Debbie Stabenow
Chairman, Committee on Agriculture
Nutrition and Forestry
Russell Senate Office Building 328A
Washington, D.C. 20510-6000

The Honorable Pat Roberts
Ranking Member, Committee on Agriculture
Nutrition and Forestry
Russell Senate Office Building 328A
Washington, D.C. 20510-6000

Dear Chairman Stabenow and Ranking Member Roberts:

I know you are both just as concerned as I am with the recent events involving the brokerage firm Peregrine Financial Group Inc., (“PFGBest”).  From the hearing the Senate Agriculture Committee conducted earlier this year on MF Global, it’s clear the members of the committee understand just how important our commodity markets are to U.S. agriculture and our economy.

In light of the troubling news reports about how long PFGBest had shown signs of trouble, it’s important the Senate Agriculture Committee look into the PFGBest matter in the same manner as what we have done regarding MF Global.  We have to make sure regulators are doing their job.

I appreciate the fact you have scheduled another hearing regarding MF Global for August 1, 2012.  I respectfully request that you broaden the scope of that hearing to include a look into the PFGBest matter, and ensure there is a witness from the Commodity Futures Trading Commission (“CFTC”) present at the hearing who is able to answer questions regarding PFGBest.

I thank you in advance for your consideration of my request.  Please feel free to contact me or my staff if you have any questions.


Charles E. Grassley
United States Senator

July 12, 2012

Chairman Gary Gensler
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581

Dear Chairman Gensler:

The recent developments involving Peregrine Financial Group (“PFG”) causes me serious concern as to whether the Commodity Futures Trading Commission (“CFTC”) is properly overseeing the activities of commodity brokerage firms.  With the events of MF Global fresh in everyone’s memory, we now are faced with yet another incident in which farmers’ and investors’ money may not have been properly safeguarded.

It is my understanding there was no ongoing CFTC investigation that precipitated the events of this week at PFG.  This is extremely troubling given that, according to press reports, there have been red flags for some time.  For example, it has been reported there were indications PFG was short of funds and/or had accounting irregularities as far back as February 2010.  It is critical for Congress to know what the CFTC did to look into these red flags.

Farmers and investors trust commodities brokers to safeguard their accounts and trust the CFTC to police the commodities market.  With the failure of MF Global and now PFG, the CFTC must be open and transparent with Congress and the American people to prevent the continued erosion of customer confidence in the integrity of the commodities markets.

As Congress examines the CFTC’s actions regarding PFG, please provide the following information to help us with our investigation - What steps did the CFTC take to oversee PFG from the beginning of 2010 to the present?  When answering this question, please include all information related to previous violations of PFG, suspicious activity by PFG, and what steps, if any, the CFTC took to respond to these red flags.

I look forward to receiving your response in a timely manner.  If you have any questions, please contact me or my staff.


Charles E. Grassley
United States Senator


Loebsack Applauds Inclusion of Amendment to Stop FSA Office Closings PDF Print E-mail
News Releases - Agribusiness
Written by Joe Hand   
Thursday, 12 July 2012 14:06

Language included in House Farm Bill

Washington, D.C. – Congressman Dave Loebsack today applauded the inclusion of an amendment to the House version of the Farm Bill that would require the U.S. Department of Agriculture (USDA) to study the workload of Farm Service Agency (FSA) offices and solicit public comment before closures could occur.  Loebsack has been fighting to stop the consolidation of FSA offices, including those in Centerville, Creston and Leon.  The amendment is based on legislation introduced by Rep. Leonard Boswell and championed by Loebsack.

“I have been fighting side by side with Iowans in the affected areas to reverse the USDA’s decision since it was first announced in February.  The consolidation of services provided by the FSA offices would cause great harm not only to individual farmers, but the rural economy as well.  I am pleased the House Agriculture Committee included this amendment and will continue to work to ensure the offices remain open.”

Since the policy was announced earlier this year, Loebsack called on the USDA to re-evaluate this proposal.  He has also written to the House Agriculture and Appropriations Committees to urge them to include funding for the offices in the FY 2013 Agriculture Appropriations bill.  He also cosponsored two pieces of legislation to address these issues, H.R. 4313, the Farm Service Accountability Act (the basis of the amendment) and H.R. 4330, which prohibits the closing of a USDA office unless there is another office within 20 miles.


House Farm Bill Needs Much Work PDF Print E-mail
News Releases - Agribusiness
Written by Elisha Smith   
Wednesday, 11 July 2012 12:35

By John Crabtree, This e-mail address is being protected from spambots. You need JavaScript enabled to view it , Center for Rural Affairs

The House Agriculture Committee’s draft farm bill is deeply disappointing.

It would make federal subsidies for crop insurance premiums the primary farm program, but impose no payment caps, no income limits for recipients and no conservation requirements. Mega farms would get unlimited subsidies to bid land away from small, mid-size and beginning farmers.

For traditional farm programs, the draft would increase the commodity payment limit by 250 percent above generous Senate-passed levels. Unlike the Senate bill, however, it would leave current loopholes that invite widespread farm program abuse wide open. It would also reduce acreage enrollment for the Conservation Stewardship Program by a staggering 30 percent at a time when record numbers of farmers are enrolling acres into the program.

But that’s not all, this farm bill would remove restrictions on subsidies intended to protect native grasslands everywhere except one small region of the Northern Great Plains. It would slash investment in programs for beginning farmers and ranchers by half. It would cut investment in proven job-creating rural development initiatives by 88 percent.

The House’s draft farm bill fails to deliver for family farmers and ranchers, rural communities and the natural environment. The Committee should address these deficiencies when they take up the bill this week and, failing that, all members of Congress should prepare to debate these crucial issues on the House floor if there is any hope that this farm bill will reflect rural America’s values and invest in a better future for our rural communities and the people that live there.

<< Start < Prev 101 102 103 104 105 106 107 108 109 110 Next > End >>

Page 110 of 177