Business Editor

Article

China’s corn crop could grow

Widespread flooding in China this summer is thought to have
damaged parts of that country’s corn and soybean crops. But a grains and
oilseeds analyst for Rabobank, says the global lender’s Beijing staff is
raising its estimate of the size of this year’s Chinese corn crop.

Article

Energy bill less likely to pass without ethanol included, Harkin says

The U.S. Senate begins its August recess next week without passing even a scaled down energy bill. If the bill comes up when it returns in September, a bipartisan group of midwestern senators will try to amend it to include requirements for more flexible fuel vehicles, blender pumps and ethanol pipelines.

Article

Senators get some answers on E15

A bipartisan group of senators met with EPA administrator Lisa Jackson and a Department of Energy (DOE) official Monday to learn more about why a request for higher ethanol blends is taking so long. They got some answers but questions remain.

Senator Chuck Grassley (R-IA) said Tuesday that additional testing of the engine effects from fuel with 15% ethanol was prompted in part because the EPA expects to be sued by opponents of E15.

"She needs plenty of evidence so they aren't successfully sued and overruled by the courts," Grassley told reporters.

Harkin, Lugar, others, want answers from EPA and DOE

A bipartisan group of senators who support ethanol will meet
with EPA Administrator Lisa Jackson and Energy Secretary Steven Chu Monday to
try to find out why industry requests for higher blends of the biofuel in
gasoline are being delayed.

 “They’re going to know how we feel, and I want to know who’s
really holding this up. Is it EPA or is it DOE?” Senator Tom Harkin (D-IA) told
Agriculture.com during a press conference Thursday.

Article

Lawmakers want ethanol answers from EPA and DOE

A bipartisan group of senators who support ethanol will meet
with EPA Administrator Lisa Jackson and Energy Secretary Steven Chu Monday to
try to find out why industry requests for higher blends of the biofuel in
gasoline are being delayed.

 “They’re going to know how we feel, and I want to know who’s
really holding this up. Is it EPA or is it DOE?” Senator Tom Harkin (D-IA) told
Agriculture.com during a press conference Thursday.

Article

Veterans of the 1980s look at today’s farm debt

Today
they have the appearance of grizzled veterans, a little grayer than when they
started in 1989 to tackle a woeful hodgepodge of financial record keeping
methods that left lenders and farmers operating in the dark.

Better accounting is taking less time

Thanks to GPS-based field mapping and harvest data, it's getting easier to use managerial accounting, says Paul Gorman, a farm management specialist who has taught farmers better record keeping at South Central College in North Mankato, Minnesota.

Article

Stick with ethanol tax credit, Grassley says

Senator Chuck Grassley (R-IA) said Tuesday that he doesn't support a proposal to shift federal support for ethanol from a tax credit to building ethanol pipelines, blender pumps and more flexible fuel vehicles.

That idea was offered last week as a way to generate more support in Congress for the ethanol industry but Grassley, the top Republican on the Senate Finance Committee, said it's important for all farm and ethanol groups to stick to lobbying for maintaining a 45 cent-a-gallon tax credit for the fuel. The credit runs out at the end of the year.

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