Wednesday was a difficult day for The American Independent News Network, which is the larger entity that operates The Iowa Independent. Our chief executive and founder announced two of our sister sites would close and their content would be moved to The American Independent.
A recently introduced bill could have far-reaching impact on the U.S. sugar industry, including American Crystal Sugar, a farmer-owned cooperative that locked out 1,300 Midwest workers on Aug. 1.
The chairman for Herman Cain’s Iowa effort says the campaign “relied more on the word of farmers than Washington regulators” in deciding to run an ad containing claims the Environmental Protection Agency says are false.
The Iowa Senate will remain under the control of a slim 26-25 Democratic majority when it reconvenes in January 2012.
Corn and soybean prices dropped sharply Friday following the release of the U.S. Department of Agriculture’s October crop production estimates.
Nationwide corn production for the year is estimated to reach 12.2 billion bushels, up 1 percent from last month’s report. Corn yields are expected to average 154 bushels per acre.
If the crop estimates hold true after this year’s harvest, it would result in the second-largest corn crop in history. This huge crop is expected despite the devastating flooding throughout Iowa and the Upper Midwest earlier this year.
Corn prices, which had skyrocketed to record highs during the flooding in May and June, have now dropped to just above $4 per bushel, causing worry among farmers who had banked on high grain prices to offset their historically high operating costs.
Soybean production is also forecast to be higher than earlier projections. Nationwide soybean production is expected to reach 2.98 billion bushels, up 2 percent from a month ago and up 11 percent from last year.
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