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Cranberries, subsidies and food safety

The production of Market To Market #3612 is in full swing this Thursday afternoon.

We’ve got producers sorting through a new study by Iowa State University’s Center for Agriculture and Rural Development about the future of the ethanol industry without the extension of the ethanal tax credit. We should learn in the next few weeks about the future of the 45-cent-per-gallon ethanol tax credit and import tariff worth 54-cents-per-gallon. This is a follow up study released back in July, but many things have changed since then. What impact will the markets and supplies have on the industry?

Plus the issue of food safety is again in the news. This time, a bill passed by the House a year ago have finally been passed the Senate. The bill provides more power to the FDA to prevent food-borne illness. But the bill still has hurdles including concern for the impact on small farmers. Another obstacle is a possible amendment that would ban earmarks, the popular rallying cry of this year’s election.

And it is Thanksgiving time again and many of you will enjoy cranberries with your meal. But what is the status of that industry? It is a business that has many cooperative agreements, including the those involving the big producer Ocean Spray. How will companies like Ocean Spray and the others fare post-recession?

Analyst Darin Newsom will be joining us to discuss the commodity markets. If you’ve got a question, drop it in our comment section below and we’ll try to get that answered promptly.

Be sure to check out our last post about Mark Pearson’s trip to Idaho.

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