U.S. Cancels October Crop Report, First Miss in 147 Years.
Source: nyt/reuters
The U.S. government cancelled its monthly report on grain and cotton production on Thursday for the first time since reporting began in 1866 and said it will not estimate U.S. or world crop production until early November.
Cancellation of the October report means the first harvest-time estimate of U.S. crops will be November 8. The production report and companion data on crops worldwide are the U.S. Agriculture Department's premiere reports.
They attract a worldwide audience and frequently move commodity prices - and with the gap of an additional month, potentially more so than usual.
The widely followed USDA reports were the biggest immediate casualties of the 17-day government shutdown. Officials were also deciding on Thursday whether to issue an overdue report on the U.S. inflation rate.
Read more: http://www.nytimes.com/reuters/2013/10/17/business/17reuters-usa-fiscal-cropreports.html?hp
jberryhill
(62,444 posts)Xipe Totec
(43,890 posts)Berlum
(7,044 posts)which, as all intelligent DUers would immediately agree, would be plainly evident if the topic were not VERBOTEN.
snappyturtle
(14,656 posts)jberryhill
(62,444 posts)bpj62
(999 posts)Where is Clarence Beeks when you need him. If he can get the Orange Crop report to the Duke Brothers I am sure he can get the fall crop report to the Federal Government.
JoePhilly
(27,787 posts)okaawhatever
(9,462 posts)winstars
(4,220 posts)okaawhatever
(9,462 posts)America and are in the process of doing so.
SDjack
(1,448 posts)world's commodity markets, diverting large profits to themselves and high prices to the world's people. Missing this crop report is a big deal, with the potential of involving manipulation of world commodity markets. But, of course, the Cruz family and Goldman Sachs wouldn't do that.
snappyturtle
(14,656 posts)no big deal. They are definitely wrong. Matter-of-fact, I'm trying to
decide whether to sell some farm acreage and these reports are
important and that's a little concern compared to the commodity
markets.
JoePhilly
(27,787 posts)matt819
(10,749 posts)This reporting, which costs the federal government money, benefits who? The farmers and the giant agricultural concerns who call for small government and who applauded the shutdown. If the private sector wants this reporting, let them undertake the effort. If the government is collecting and analyzing this info, why is it being made available to corporate America?
groundloop
(11,521 posts)My family farms, been on the same land for well over 100 years. And I might add my family is almost entirely Democratic. And for anyone at all involved in farming those crop reports are a pretty big deal.
okaawhatever
(9,462 posts)the wall streeters who want the report. Let them subscribe to it, or at least the foreign traders who use the info.
fasttense
(17,301 posts)the organic produce I sell. They have a very useful site where you can compare prices 5 to 10 years out. You can sort by type of produce, wholesale or retail price, region, year, organic or conventionally grown.
When I couldn't get them last week, it made it very difficult.
We have a very small farm and are more liberal than most Democrats.