December 14, 2017

"Feds Tighten Belt by Cutting Agriculture Reports"

“Feds tighten belt by cutting agriculture reports”

When farmers need to check honey prices so they can decide whether to sell, there’s been a report for that. And when catfish and sheep farmers want to check production in their industries, there’ve been reports for that, too.

The U.S. Agriculture Department has kept tabs for decades on a wide range of agricultural industries that generate billions of dollars for the U.S. economy. But that’s about to change, as the agency eliminates some reports and reduces the frequency of others to save millions of dollars in tight budget times.

The reports influence the price and supply of many products that end up on American dinner plates. Without them, some farmers say they’ll be left guessing how much to produce and when to sell. Food processors and traders also will have less information when making decisions about buying and selling.

Source: AP (via Yahoo! News)

Hat tip: PW

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