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A group of U.S. Senate Democrats introduced a bill Thursday that would force most of the largest packers to sell or spin off lines of business or sell their entire operations if they are foreign owned. The bill also would limit how many cattle a packer could slaughter from large feedlots.
The Iowa Corn Growers Association spotlighted a report from Bloomberg that the Justice Department is examining whether major fertilizer companies are colluding to raise their prices. The probe comes as the war in Iran has added new volatility to global fertilizer supplies.
The House Agriculture Committee early Thursday morning voted 34-17 to advance its farm bill package after debates over a broad range of issues on Tuesday and all day Wednesday. Seven Democrats joined Republicans in advancing the bill.
