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Commodity Communicator Weekly

September 14, 2012

GOVERNOR DECLARES SEPTEMBER RICE MONTH. . . . .Governor Mike Beebe met with rice industry officials on Thursday, September 13, and signed a proclamation declaring September Rice Month in Arkansas.  After meeting with the governor, the delegation traveled to Arkansas Rice Depot to present a donation of 111,000 pounds of rice donated from several mills in the state.  The donation is an annual tradition to celebrate National Rice Month by helping to feed hungry Arkansans.  The donation will provide approximately 1.3 million servings of rice.

FOREST PRODUCT EXPORT CONFERENCE OCTOBER 30 AND 31
. . . . .The Arkansas Farm Bureau Federation and Mississippi Farm Bureau Federation would like to invite you to participate in our Forest Product Export Conference.  With the current downturn in the economy, many in the forest products industry are suffering from a lack of demand for their products.  With more than 95% of the world’s consumers living outside the borders of the U.S., demand for wood products will grow much faster beyond our borders, which is why it is essential for producers to look beyond our borders and take advantage of the growing international markets. To register or for more information visit our website http://www.arfb.com/ag-markets-statistics/forestry.aspx

JAPAN TAKES THE LEAD FOR U.S. BEEF EXPORTS
. . . . .In July, Japan took the lead as the top foreign market for U.S. beef.  Japan had not been in that position since the BSE incident in 2003.  The top 5 markets for U.S. beef are, in order of volume received, Japan, Mexico, Middle East, Canada and South Korea.  Through the first seven months of 2012, beef exports accounted for $ 212 of the value for each head of beef cattle produced.

DROUGHT ASSISTANCE FUNDS. . . . .Over 7,000 applications were received for the $2 million in emergency drought assistance funds released by Governor Beebe.  Applications are being processed and funds should be sent by the end of October.  The overall number of animal units contained in these applications will be totaled and then divided into the $2 million to determine individual payment rates.

BEEF PRODUCTS INC. SUES ABC FOR DEFAMATION OVER 'PINK SLIME'---Just how powerful are the words “pink slime”? . . . . .Beef Products Inc. argues, in part, that ABC News’ repeated use of those words to describe a beef additive ultimately cost BPI millions, forcing the company to close plants and cut as many as 700 jobs, including 220 at a plant in Waterloo. BPI sued ABC News in a South Dakota court on Thursday, claiming its series of stories defamed the Dakota Dunes, S.D., company and made people believe its products were unsafe and unhealthy.

FARM BUREAU VEHICLE PURCHASE PROGRAM
. . . . . Members now have a better way to buy a new or used vehicle through this easy to use program.  Benefits include in-depth price reports, target prices, estimated values and certified dealers.  The $500 GM incentive for members is already built into the system for qualifying vehicles.  Complete details at www.FBVerify.com/Drive

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