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ICE, Seaboard reach $1 million settlement

U.S. Immigration and Customs Enforcement (ICE) and Seaboard Corp. announced the pork processor has agreed to pay just over $1 million in a civil settlement that concludes an investigation into alleged employment of unauthorized workers from 2007-2012. The government investigated whether Seaboard’s Guymon, Okla., plant hired and employed unauthorized workers and failed to properly complete employment eligibility forms. [node:read-more:link]

Slumping Ethanol Price Hurts Producers

Ethanol profit margins continue to remain negative and show little sign of improving, as evidenced by DTN's hypothetical ethanol plant, which continues to suffer from low ethanol prices.Neeley Biofuels Inc., a hypothetical 50-million-gallon plant in South Dakota, saw little movement in its margin in the past month. Including debt service and depreciation, the plant continues to show a 34.4-cent-per-gallons loss, compared to a 34.5-cent-per-gallon loss last month.Most ethanol plants, however, are not paying debt service. [node:read-more:link]

Split Congress could be good news for farm economy

The House flip could be a game-changer for the embattled farm bill, which must be renewed every five years, several policy experts tell Axios.Why it matters: Major safety nets for farmers are in limbo while smaller agricultural programs have stopped receiving funding altogether, creating extra anxiety for farmers who are already reeling from tariffs and lower crop prices.The 2014 farm bill expired in September, after the House and the Senate couldn't reconcile their differences.The House wants work requirements for recipients of food stamps, and to allow unlimited subsidy payments to farms, [node:read-more:link]

Well-designed subsidies boost electric vehicle adoption

In the 1990s, Atlanta was out of compliance with federal air quality standards for ozone, and vehicle emissions were primarily responsible. In 1998, the legislature passed a $1,500 tax credit for alternate fuel vehicles, which was increased to $2,500 for all low-emission vehicles and $5,000 for zero-emission vehicles over the next 3 years. The tax credit applied to buyers and first lessees of EVs. At the time, the bills were uncontroversial.As years passed, EVs became more widely available and declined in cost. [node:read-more:link]

Farmers will destroy one in four cranberries this year

This year, the cranberry industry will reckon with a flood of a different sort; just like the wet harvest, this one is entirely of its own making. The problem is simple. There’s a cranberry surplus. American farmers have grown a lot more fruit than people will eat and have flooded the market. They can’t save all the extra berries for a rainy day—or a year’s worth of Thanksgiving dinners—because we’re already storing much of the 2017 crop. There are more berries in storage right now then we’ll eat this year. And all that extra fruit is driving prices down below the cost of growing it. [node:read-more:link]

Their soybeans piling up, farmers hope trade war ends before beans rot

But this year, the Chinese have all but stopped buying. The largest market for one of America’s largest exports has shut its doors. The Chinese government imposed a tariff on American soybeans in response to the Trump administration’s tariffs on Chinese goods. The latest federal data, through  mid-October, shows American soybean sales to China have declined by 94 percent from last year’s harvest.Mr. [node:read-more:link]

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