Agriculture

Farm subsidies face $30B hit under GOP budget plan
The Republican head of the House Budget Committee has proposed cutting agriculture subsidies by $30 billion over the next 10 years as part of a broad effort to slash federal spending, but it remains to be seen whether his ideas will be incorporated in legislation that sets funding for agriculture programs.
An Omaha-based company has completed a $55 million acquisition of an ethanol plant from Otter Tail Ag Enterprises near Fergus Falls, Minn.
A Minnesota farmer who's under investigation for distributing unpasteurized milk says he'll continue to do so, even if it means going to jail.
Budget-cutting fever puts ethanol subsidies at risk
As lawmakers look for places to cut spending, federal support for ethanol could become a tempting target. The U.S. Government Accountability Office says ethanol subsidies cost taxpayers billions of dollars and are not necessary.
Appeals court overturns sugar beet injunction
Environmental groups failed to show that seed plants for sugar beets genetically modified to withstand the popular weed killer Roundup would cause irreparable harm, a federal appeals court said Friday in overturning an injunction that called for the destruction of the plants.
Hedge funds are leading an exodus from agricultural markets, slashing bullish bets in the U.S. from almost the highest levels on record after grain prices slumped, money managers said.