Wells Fargo & Co. will boost agriculture lending this year as producer costs climb, said Rod Alt, a senior vice president in the bank's food and agribusiness division.
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A 2007 report that the federal government had
paid $1.1 billion in subsidies to dead farmers sparked an outcry
and has been frequently cited by critics who considered the
payments a blatant example of wasteful spending. But a follow-up
that found no fraud and determined nearly all the subsidies paid on
behalf of dead farmers in recent years were proper has received
little attention.
China, the world's biggest soybean importer and consumer, has signed 21 purchasing agreements in Chicago over the past two days for U.S. supplies valued at $6.68 billion, the U.S. Soybean Export Council said.
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Gov. Mark Dayton and state agriculture officials met with a delegation from China Wednesday, to discuss the future of Minnesota soybean exports to China.
Minnesota's first new agriculture
commissioner in 15 years doesn't expect major policy changes in his
department even as the state struggles to plug a $6.2 billion hole
in its next budget.
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