It appears that Bush is going to veto the Farm Bill. This could result in a delay of implementation of COOL which can only be good news for Canadian cattle and pork producers. Already some U.S. packers are refusing Canadian origin product because of fears of COOL.
See:
http://www.usda.gov/wps/portal/!ut/p/_s.7_0_A/7_0_1OB?contentidonly=true&contentid=2008/05/0123.xml
Also see:
http://www.usda.gov/wps/portal/!ut/p/_s.7_0_A/7_0_1UH?contentidonly=true&contentid=2008/02/0062.xml
The USDA Farm Bill suspends the provisions of the Agricultural Adjustment Act of 1938 and the Agricultural Act of 1949. The 1938 Act is a supply control statute with marketing quota provisions that are applicable when the supplies of wheat and cotton are excessive. The permanent authority for price support to producers of agricultural commodities is provided in the Agricultural Act of 1949.
According to Agriculture Secretary Ed Schafer the Farm Bill includes trade distorting support.
Surely not...
See:
http://www.usda.gov/wps/portal/!ut/p/_s.7_0_A/7_0_1OB?contentidonly=true&contentid=2008/05/0123.xml
Also see:
http://www.usda.gov/wps/portal/!ut/p/_s.7_0_A/7_0_1UH?contentidonly=true&contentid=2008/02/0062.xml
The USDA Farm Bill suspends the provisions of the Agricultural Adjustment Act of 1938 and the Agricultural Act of 1949. The 1938 Act is a supply control statute with marketing quota provisions that are applicable when the supplies of wheat and cotton are excessive. The permanent authority for price support to producers of agricultural commodities is provided in the Agricultural Act of 1949.
According to Agriculture Secretary Ed Schafer the Farm Bill includes trade distorting support.
Surely not...
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