Author Topic: UPDATE: US/Russia Wheat Reserves [A One Year Analysis]  (Read 12011 times)

0 Members and 1 Guest are viewing this topic.

Offline Ghost in the Machine

  • Member
  • *****
  • Posts: 1,162
UPDATE: US/Russia Wheat Reserves [A One Year Analysis]
« on: July 24, 2009, 01:58:18 pm »
http://www.barternews.com/us_government_wheat_stocks_collapse.htm

Quietly, the last of the U.S. government’s wheat reserves, held in the Bill Emerson Humanitarian Trust, were sold in late May onto the domestic market for cash. The cash was put in a trust for food aid. With no other government wheat holdings, U.S. government wheat stocks are now totally exhausted.

The following recent statements by Rebecca Bratter, director of policy for U.S. Wheat Associates, provides insights:

“While the U.S. wheat industry strongly supports the administration’s goal of maintaining current food aid programs to prevent rampant hunger worldwide, there is concern regarding the impact of selling reserve wheat on the domestic market and over the lack of commitment from the administration to replenish the Bill Emerson Humanitarian Trust.

“U.S. Wheat Associates has shared these concerns with high officials at USDA and on the President’s staff and has asked about the Administration’s intent regarding replenishment of the Bill Emerson Humanitarian Trust. Staff from the office of the President’s Special Agricultural Assistant noted that while there is no commitment at this time, the administration intends to replenish the Trust once the supply and price scenario stabilizes.”

(Note: U.S. Wheat Associates works in 90 countries promoting U.S. wheat exports.)

The Bill Emerson Humanitarian Trust was established in 1980 by an act of Congress and is authorized to hold up to 4 million metric tons of wheat, corn, sorghum and rice, as a reserve for global food crises. The wheat is purchased and managed by the Commodity Credit Corporation and included in the total amount of wheat owned and held by the U.S. government. Holdings by the BEH Trust for corn, sorghum and rice are also zero.

For the decade of the ‘80s, government wheat holdings (including those in the BEH Trust) averaged 358 million bushels. For the decade of the ‘90s, government wheat holdings averaged 133 million bushels. Since 2000, government wheat holdings dropped steadily until recently when the last of the government-owned wheat was sold.

With no formal plan for wheat stocks by the U.S. government, wheat stocks have defaulted to the arena of the private free-market sector. Unfortunately, the private sector has no plans for any kind of minimum wheat stocks that would protect the American public from a price and/or availability standpoint.

Private wheat stocks are divided into two major categories — on-farm wheat stocks owned by farmers, and off-farm wheat stocks owned by warehouses and grain companies. These two together held 305.6 million bushels of wheat as of June 1 (or roughly 1 bushel per person living in the United States) the lowest level in 60 years.

Of these stocks, on-farm wheat stocks are at 25.6 million bushels, the lowest level of on-farm wheat stocks since the USDA started keeping tabs back in 1934. So as you are driving in rural America before wheat harvest, the farmer’s bins have never been so empty.

The USDA, projects America to have a bumper wheat crop in 2008, producing 2.43 billion bushels and consuming and exporting 2.30 billion bushels. This leaves a meager 133 million bushels (5.5 percent of production) as a margin for error. Globally, the USDA projects wheat production to be 24.36 billion bushels, consumption to be 23.74 billion bushels for a relatively smaller margin of 622 million bushels or 2.6% of production.

The recent wheat crises in America was sparked by the nation exporting more wheat than it produced. This means the true 2008 wheat margin for Americans is really the global margin of 2.6%. Any decline from global projections could precipitate greater wheat exports from America and further draw down already low domestic and global wheat stocks.

Food security is emerging as a global focal point. With the U.S. government and the private sector lacking visions for stocks, food security is poised to grow as a grass-roots issue around the nation.
101010

Offline Dig

  • All eyes are opened, or opening, to the rights of man.
  • Member
  • *****
  • Posts: 63,090
    • Git Ureself Edumacated
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #1 on: July 24, 2009, 02:15:47 pm »
People better read up on the dust pool and the great depression
All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately

JBS

  • Guest
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #2 on: July 24, 2009, 02:22:44 pm »
China is now the No 1 wheat exporter. The USA used to be first, but now soybeans and feed corn are being grown while farmers are being systematically closed. They want to make this so that ALL food is imported, no organic anything, thus become dependent on food AND oil from other countries, as well as all manufactured goods too. This is a direct result of a suicidal trading policies and deindustrialization as per NWO Vision and agenda of world conquest. The only thing the USA will be allowed to have is McDonalds.

luckee1

  • Guest
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #3 on: July 24, 2009, 02:26:19 pm »
People better read up on the dust pool and the great depression
People better read up on the dust pool and the great depression

yes twice!

Don't need really to read it.  My Dad was born then and got to enjoy that debacle, his eldest sister told me many things that happened.  (I usually called her for information to debunk my history teacher in college, who was picking new pubes when I was deployed the first time , punk.)  anyway, It was the most deplorable time.  Maybe that is why I am so paranoid. 

Offline Dig

  • All eyes are opened, or opening, to the rights of man.
  • Member
  • *****
  • Posts: 63,090
    • Git Ureself Edumacated
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #4 on: July 24, 2009, 02:35:42 pm »
Listen to Guthrie's songs about it.

Ever wonder why MacArthur, Eisenhower, and Patton were promoted to god-like ranks?

They all proved their loyalty to the bankers in 1932:

~~~~~~~~~~~~~~~~~~~~~

The Bonus Army
http://www.eyewitnesstohistory.com/pfsnprelief4.htm


In 1924, a grateful Congress voted to give a bonus to World War I veterans - $1.25 for each day served overseas, $1.00 for each day served in the States. The catch was that payment would not be made until 1945. However, by 1932 the nation had slipped into the dark days of the Depression and the unemployed veterans wanted their money immediately.

In May of that year, some 15,000 veterans, many unemployed and destitute, descended on Washington, D.C. to demand immediate payment of their bonus. They proclaimed themselves the Bonus Expeditionary Force but the public dubbed them the "Bonus Army." Raising ramshackle camps at various places around the city, they waited.

The veterans made their largest camp at Anacostia Flats across the river from the Capitol. Approximately 10,000 veterans, women and children lived in the shelters built from materials dragged out of a junk pile nearby - old lumber, packing boxes and scrap tin covered with roofs of thatched straw.
....

A month later, on July 28, Attorney General Mitchell ordered the evacuation of the veterans from all government property, Entrusted with the job, the Washington police met with resistance, shots were fired and two marchers killed. Learning of the shooting at lunch, President Hoover ordered the army to clear out the veterans. Infantry and cavalry supported by six tanks were dispatched with Chief of Staff General Douglas MacArthur in command. Major Dwight D. Eisenhower served as his liaison with Washington police and Major George Patton led the cavalry.

....

...Suddenly Patton's troopers turned and charged. "Shame, Shame" the spectators cried. Soldiers with fixed bayonets followed, hurling tear gas into the crowd.

By nightfall the BEF had retreated across the Anacostia River where Hoover ordered MacArthur to stop. Ignoring the command, the general led his infantry to the main camp. By early morning the 10,000 inhabitants were routed and the camp in flames. Two babies died and nearby hospitals overwhelmed with casualties. Eisenhower later wrote, "the whole scene was pitiful. The veterans were ragged, ill-fed, and felt themselves badly abused. To suddenly see the whole encampment going up in flames just added to the pity."
All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately

luckee1

  • Guest
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #5 on: July 24, 2009, 03:14:50 pm »
Our dear (Chesty) Smedley Butler was there to on behalf of the Bonus Army. 

Being the financial meltdown was designed, it certainly becomes understandable that those troops wanted the money ahead of schedule, further what is 1945 to a person whose family is dying of starvation today.  Those generals burned out those vets!  I hate the govt. today and the govt. of that era too!

Offline weegie1

  • Member
  • ***
  • Posts: 100
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #6 on: July 24, 2009, 03:16:41 pm »
Thinking back to the cold war America not only fed itself, but it also exported grain to much of the Eastern bloc, and other parts of the world as well.

 Now it looks like the US will need to import wheat just to supply its own needs. Just another example of the globalists plans to destroy America.

luckee1

  • Guest
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #7 on: July 24, 2009, 03:18:22 pm »
In addition to that, we have the problem of rust on the wheat (blight) around the world.  There are threads on that too.

Offline egypt

  • Member
  • *****
  • Posts: 5,036
  • Love: A Wish to bestow the fullness of Joyous Life
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #8 on: July 24, 2009, 03:27:18 pm »
I almost bought property in Oregon, in the early 1970's.  It was 80 acres of wheat producing land.

The government, at that time, would pay the equivalent of the property taxes to: Not Grow the Wheat

Food shortage works.  It worked in Russia.  It has been planned for a long time.

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 20,280
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #9 on: July 24, 2009, 05:34:00 pm »
All that is in Inventory is Dry-Milk and cotton:
http://www.fsa.usda.gov/Internet/FSA_File/wid2a.pdf

CCC COMMODITY INVENTORY
June 1, 2009
                 UNDER LOAN    INVENTORY

WHEAT (BU)           27.2               0.0
CORN (BU)            574.3               0.0
NONFAT DRY MILK (LB)               205.6
UPLAND COTTON (BALE) 499,700  9,824

http://www.capitalpress.info/main.asp?SectionID=67&SubSectionID=619&ArticleID=42609&TM=39988.61
6/27/2008 6:00:00 AM      
Emerson Trust wheat depleted
Sales on domestic market make up for commodity prices
Dave Wilkins Capital Press

U.S. wheat industry leaders are questioning the government's sale of all wheat reserves in the Bill Emerson Humanitarian Trust to purchase other commodities for international food aid.

The Bush administration depleted the trust's entire wheat reserves recently after releasing 260,000 metric tons in April and 400,000 metric tons in May, according to U.S. Wheat Associates.

The wheat was sold on the domestic market to generate cash to make up for losses in U.S. food aid program purchasing power due to soaring commodity prices, industry officials said.

"While the U.S. wheat industry strongly supports the administration's goal of maintaining current food aid programs to prevent rampant hunger worldwide, there is concern regarding the impact of selling reserve wheat on the domestic market and over the lack of commitment from the administration to replenish the BEHT," Rebecca Bratter, director of policy for U.S. Wheat Associates, said in a recent article in the organization's newsletter.

The cash was used primarily to purchase corn-based food products and vegetable oil for a number of African countries and Afghanistan, but the majority will go to the World Food Programme's feeding programs in North Korea, USW officials said.

The trust was created as a food reserve to meet emergency humanitarian food needs in developing countries. It was named for the late Rep. Bill Emerson of Missouri, who was a ranking member of the House Select Committee on Hunger.

With skyrocketing commodity prices, shrinking stocks and food riots in some parts of the world, there has been increased pressure to release Emerson Trust reserves.

The Bush administration announced in mid-April that it would make available about $200 million in emergency food aid through the trust.

President Bush on May 1 called on Congress to provide an additional $770 million to support food aid and development programs to bolster global food security.

The secretary of agriculture is authorized to release Emerson Trust reserves to meet unanticipated emergency needs that can't otherwise be met under Title II of Public Law 480, the U.S. government's major humanitarian food aid program.

Industry leaders are also concerned that release of Emerson Trust emergency funds now, before the approval of proposed supplemental appropriations of $850 million for this year and $395 million next year under the law, could reduce the final supplemental amount.

U.S. Wheat Associates officials said they've shared their concerns with the Bush administration and have asked about the administration's intentions regarding replenishment of the wheat reserves.

"USW understands that the administration will not halt the sale of reserve wheat in the U.S., but has consistently made the administration aware of industry sensitivity to this transaction and the preference for shipping donated wheat directly overseas in lieu of selling to buy cheaper wheat or another commodity altogether," Bratter said.

Up to 4 million metric tons of U.S. wheat, corn, sorghum and rice can be kept in reserve in the Emerson Trust.

Staff writer Dave Wilkins is based in Twin Falls, Idaho. E-mail: [email protected].

http://www.marketskeptics.com/2009/07/us-govt-completely-out-of-wheat.html
Wednesday, July 23, 2008
...


current and past CCC inventory numbers.

My reaction: The US government is completely out of wheat.

1) the last of the US government's wheat reserves, held in the Bill Emerson Humanitarian Trust, were quietly sold in May 2008 onto the domestic market for cash.

2) US government wheat stocks are now totally exhausted.

3) The US has nothing else in our emergency food pantry. There is no cheese, no butter, no dry milk powder, no grains or anything else left in reserve.

4) This lack of emergency preparedness is the fault of the 1996 farm bill which eliminated the government's grain reserves as well as the Farmer Owned Reserve (FOR).

5) Government wheat holdings over time:

A) Averaged 358 million bushels for the decade of the '80s.
B) Averaged 133 million bushels for the decade of the '90s.
C) Dropped steadily until zero in May 2008

6) With no formal plan for wheat stocks by the US government, wheat stocks have defaulted to the arena of the private free-market sector

7) The private sector has no plans for any kind of minimum wheat stocks that would protect from a price and/or availability standpoint the American public.

8 ) In July 2008, on-farm wheat stocks are at 25.6 million bushels, the lowest level of on-farm wheat stocks since the USDA started keeping tabs back in 1934.

9) The recent wheat crisis in America was sparked by the nation exporting more wheat than it produced.

10) Any decline from global production could precipitate greater wheat exports from America wiping out already low domestic wheat stocks.

Conclusion: The US has done the same thing to wheat as it has to gold (though perhaps to a lesser degree). Since 1987, the US has sold nearly 800 million bushels of wheat, emptying its reserves. These sales, besides making the US vulnerable to a food crisis, have depressed wheat prices below what they would otherwise have been.
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

JBS

  • Guest
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #10 on: July 24, 2009, 05:45:56 pm »
Great, in other words, when the supply lines get 'cut', the USA will starve, plain and simple. Why is this not a priority over giving arms to Georgia to start another war?
Thank to the govt for looking out for it's citizens. This has to planned just like the $24 trillion fraud. The noose is getting tighter and tighter.

Offline chris jones

  • Member
  • *****
  • Posts: 21,832
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #11 on: July 24, 2009, 06:31:47 pm »
Poverty, hunger,homelesness, is a weapon.

The haves and the have nots.

Armies could suround an enemys area of resistance, cut of their water and food supply, and simply wait, victory was theirs.

Old tactics never die, they simply require the curtain of deception, and this gang on top have used about every trick in the book.

Offline Monkeypox

  • Member
  • *****
  • Posts: 16,844
  • He Loved Big Brother
    • Monkeypox
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #12 on: July 24, 2009, 07:12:10 pm »
Better start importing wheat from China.

That's their goal, isn't it?
War Is Peace - Freedom Is Slavery - Ignorance Is Strength


"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty."

—Thomas Jefferson

Offline egypt

  • Member
  • *****
  • Posts: 5,036
  • Love: A Wish to bestow the fullness of Joyous Life
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #13 on: July 24, 2009, 07:15:06 pm »
No food in reserves & legislation not allowing us to grow our own.  sickos!

We had better start calling it what it is, that we have to look forward to:  Famine in America.

In Famine's wake lay disease, slow agonizing death & watching the the children die first, along with the elderly & infirm.

Offline wolfman86

  • Member
  • ***
  • Posts: 220
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #14 on: August 30, 2009, 10:23:54 am »
I was searching for this info on google (and of course it's already covered in the forum) because my Dad e-mailed me recently saying he talked to the guy in Washington who was ordered to sell off the wheat reserves. He traced the sale order and said it all went to China.

Offline jofortruth

  • Member
  • *****
  • Posts: 22,061
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #15 on: August 30, 2009, 10:44:35 am »
Some info on the Canadian Wheat Board and the PM trying to get rid of it: (Was he ordered to?)   ???
http://z4.invisionfree.com/The_Great_Deception/index.php?showtopic=5453
Don't believe me. Look it up yourself!


Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 20,280
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #17 on: April 07, 2010, 02:58:56 pm »
http://remixxworld.blogspot.com/2010/01/us-farmers-plant-fewest-wheat-crop.html
January 15, 2010

The Agriculture Department reported Tuesday that the total acres of winter wheat for 2010 is 37.1 million acres, down 14 percent nationwide from last year.


http://remixxworld.blogspot.com/2010/04/2010-arkansas-wheat-crop-is-smallest.html
April 05, 2010

2010 Arkansas Wheat Crop is the Smallest Since 1960s
The below article says that Arkansas' wheat crop is so small because of bad weather, lower grain prices and high input costs. Previously, Remixx World! reported on the stories that the American grain crops are also being shipped out of the country and how America planted the fewest wheat crop in nearly a century. No word on whether there is some type of connection, but it is alarming nonetheless that the crop yield is so low. People will ultimately have to pay the price at the grocery store. 

Arkansas' wheat crop this year is the smallest since the 1960s, the result of bad weather, lower prices for grain, and high input costs. About 200,000 acres of wheat were planted this year, down from 400,000 acres last year and 1 million acres the year before that.

"That's a big decline," said Jason Kelley, Extension agronomist, wheat and feed grains, for the University of Arkansas Division of Agriculture. "It's been a long time since we've had acreage that low.

http://www.hpj.com/archives/2010/apr10/apr5/0326ArkWheatCropSmallestSin.cfm

"We came off historic prices--$7, $8, $9 a bushel, and we're looking at probably $4.50 to $5 now," said Kelley. "The price has been cut in half and at the same time, the input price has not been cut in half, so there's really three factors that have reduced the acreage--weather, lower grain prices, and high input prices."

Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline uwaf

  • Member
  • *****
  • Posts: 3,033
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #18 on: April 07, 2010, 03:05:14 pm »
the PLAN, I've learned that everything we hear that is bad/wrong is not because "they" screwed up! It's working perfectly for THEM!

Offline citizenx

  • Member
  • *****
  • Posts: 9,086
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #19 on: April 07, 2010, 03:39:36 pm »
Given China's problems with drought and desertification, this has ramifications for the whole world.  Who knows how their wheat crop will come in this year?

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 20,280
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #20 on: April 08, 2010, 03:47:12 pm »
It is interesting that link has been updated for March 2010, sorry I didn't save the previous version:

http://www.fsa.usda.gov/Internet/FSA_File/wid2a.pdf

CCC COMMODITY INVENTORY

OUTSTANDING     |   CCC-OWNED INVENTORY
UNDER LOAN
NONFAT DRY MILK (LB)      -     46.9 3/

WHEAT (BU)               64.6           0.0


http://www.fsa.usda.gov/Internet/FSA_File/exchange_faqs.pdf

1. What is the CCC commodity exchange?
Secretary of Agriculture Mike Johanns exercised authority that allows for the exchange of uncommitted CCC commodities for finished food products. Many CCC commodities cannot be consumed in their raw form. This authority allows them to be bartered, or exchanged, for nutritious foods that are currently distributed in our domestic and international food assistance programs.
...
6. Which programs will benefit from CCC exchanges?
The commodities provided for domestic programs, valued at about $40 million, will be used to support The Emergency Food Assistance Program (TEFAP), and possibly other household programs depending on the commodities that are ultimately available. About $10 million worth of commodities will be used for international food assistance programs.
...
8. Why not involve child nutrition programs such as schools?
While schools were considered as a potential beneficiary of these additional CCC surplus commodities, the greatest domestic need for surplus commodities at this time lies in other food distribution programs, particularly TEFAP. Low-income children are also served by TEFAP.
...
9. The President’s 2008 budget request targets the Commodity Supplemental Food Program (CSFP) for elimination. Are you going to provide surplus commodities to this program?
Should Congress decide to continue CSFP, some of the exchanged commodities may be used in that program as the donation of surplus commodities could contribute to maintaining service to program participants.

http://www.fsa.usda.gov/FSA/webapp?area=about&subject=landing&topic=sao-cc

Background

The Commodity Credit Corporation (CCC) is a Government-owned and operated entity that was created to stabilize, support, and protect farm income and prices. CCC also helps maintain balanced and adequate supplies of agricultural commodities and aids in their orderly distribution.

CCC was incorporated October 17, 1933, under a Delaware charter with a capitalization of $3 million. It was initially managed and operated in close affiliation with the Reconstruction Finance Corporation, which funded its operations.

On July 1, 1939, CCC was transferred to the United States Department of Agriculture (USDA).
It was reincorporated on July 1, 1948, as a Federal corporation within USDA by the Commodity Credit Corporation Charter Act (62 Stat.1070; 15 U.S.C. 714). As amended through P.L. 110-246, Effective May 22, 2008.

Basic Responsibilities

The CCC Charter Act, as amended, aids producers through loans, purchases, payments, and other operations, and makes available materials and facilities required in the production and marketing of agricultural commodities.

The CCC Charter Act also authorizes the sale of agricultural commodities to other government agencies and to foreign governments and the donation of food to domestic, foreign, or international relief agencies. CCC also assists in the development of new domestic and foreign markets and marketing facilities for agricultural commodities.

The 1996 Farm Bill significantly changed U.S. agricultural policy. Earlier, USDA made deficiency payments to producers of wheat, feed grains, cotton, and rice to make up the differences between target prices and seesawing market prices. The 1996 Farm Bill capped spending for the first time, guaranteeing farmers a series of fixed but declining "production flexibility contract" payments.

 Organization

CCC is managed by a Board of Directors, subject to the general supervision and direction of the Secretary of Agriculture, who is an ex-officio director and chairperson of the Board. The Board consists of seven members, in addition to the Secretary, who are appointed by the President of the United States by and with the advice and consent of the Senate. All members of the Board and Corporation officers are USDA officials.

CCC has no operating personnel. Its price support, storage, and reserve programs, and its domestic acquisition and disposal activities are carried out primarily through the personnel and facilities of the Farm Service Agency (FSA).
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 20,280
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #21 on: July 05, 2010, 12:12:30 pm »
Update:

http://www.pjstar.com/business/x682903897/New-government-storage-for-wheat-and-corn
New government storage for wheat and corn? - Jun 08, 2010
...
Once upon a time, the U.S. government had a very large cupboard.

In that cupboard they stored wheat and corn. And they stored a lot. At one point it contained almost 30 percent of a year's production of both wheat and corn.

There were two reasons for the government to have a cupboard - also known as a grain reserve - in which grain was stored. The first reason was to provide a buffer against sharp price movements. As prices went up, grain from the reserve would go into the market to keep prices down. When prices declined, grain would go into the reserve, taking it off the market, increasing prices.

The second reason for a government cupboard was to have protection against production shortfalls - either in the U.S. or elsewhere in the world.

Today, not only is the government's cupboard bare, it has sold the cupboard. The grain reserve program was seen as being too expensive and was abolished.

But some analysts think the grain reserve should be restarted. Their thinking was sparked by the surge in corn and wheat prices in 2007 when prices for those commodities doubled - despite excellent production around the world, including the largest wheat crop in history.
...
New farm legislation hearings have started across the country and will continue for several months. Could there be a call for a new grain reserve? Let's not let our cupboard remain as bare as Mother Hubbard's.

Dr. William Bailey is chairman of the Department of Agriculture in the College of Business & Technology at Western Illinois University. His column will appear here every other Tuesday. He can be reached at [email protected]


http://www.marketskeptics.com/2009/02/does-chinas-60-million-tons-of-wheat.html
Does China's 60 million tons of wheat reserves actually exists? -7 February 2009

This drought situation in China is getting interesting. The Chinese wheat crop is the single largest wheat crop in the world, roughly equal to the entire US and Russian wheat crops put together. And so is their annual consumption. That's a lot of wheat.

Clearly a serious crop failure there would have major global implications, wouldn't it? Not at all if you believe what many experts in the West are saying.

Virtually all of the major news services seem to be carrying stories playing down the impact on the market.

"The impact of China's drought on the world wheat trade will be none because of the size of their stocks," says one.

"China is not going to import wheat...they have plenty of inventory left over from last year," says another.

"We, as yet, do not see China becoming a major importer because of its massive Government reserves that could see them through an almost total disaster in the affected regions," say Frontier on their website.

They do have plenty of stocks too, somewhere around 60 million tonnes of the stuff depending on exactly who's report you read.

So it's all a load of hype then? Well, the government there don't seem to think so, on Friday they allocated 86.7 billion yuan (about $12.69 billion) from its reserve in relief funds to drought-hit areas.

Why would they do that if they had an amount roughly equal to the anticipated entire 2009 production of the US of wheat in state reserves?

Hang on a minute, I'm getting a touch of déjà vu here. Has anyone actually seen these reserves with their own eyes recently? Wasn't there a huge scandal in China not that long ago when it was discovered that storekeepers were getting paid by the government to store grain that wasn't actually there?

Just like the melamine thing was an open secret, you don't suppose it's been common practice for years for storekeepers to sell grain out of the backdoor whilst continuing to fill in the forms to the government do you? What a corrupt Chinese grain storage business as bent as a Arabs sword, surely not.

"Hello, Madoff Grain Storage. Yes, don't worry about your grain it's all here nice and safe for when you want it Mr Government Man, yes, yes, I'm looking at it right now. I counted it all for you yesterday, it's all there, don't you worry. Just wire me the money next week like you always do. Thank you, bye, missing you already."

Even so, this couldn't go on a large scale could it? We'd only be talking what, a maximum of 5% or something? And five percent of a 112.5mmt crop is only 6mmt. Yeah, but what if it had been going on for ten years! What's ten times six again? Bloody hell that's 60mmt!!

It couldn't happen could it? Nah, I'm only messing, that's about as likely as them buying wheat off us! And that isn't gonna happen is it?

What? They did that last month? Get me a nurse.

I love a good conspiracy theory.

My reaction: There is really scary idea. What if China’s 60 million tons of wheat reserves don't actually exists?

1) The Chinese wheat crop is the single largest wheat crop in the world, roughly equal to the entire US and Russian wheat crops put together.

2) A serious crop failure in China would have major global implications, if China’s wheat reserve don’t actually exist.

3) Considering it (theoretically) has an amount of wheat roughly equal to the anticipated entire US 2009 production in state reserves, the Chinese government is making an extreme effort to save its crops (spending $12.69 billion in drought-hit areas).

4) There was a huge scandal in China not that long ago when it was discovered that storekeepers were getting paid by the government to store grain that wasn't actually there.

5) China’s 60mmt wheat reserves could be a giant Madoff-style grain storage scheme.

6) China imported wheat last month.

Conclusion: If this is even remotely true, 2009 is going to be a really interesting year.

http://www.preparednesspro.com/blog/tag/us-wheat-reserve/

...

7)      The wheat and other food reserves have already been exhausted or are inaccessible.  China has long bragged that they hold an enormous wheat reserve of over 150 to 200 million tons (2009). But news articles over the last 5 years account for China reducing that reserve is far in excess of what they claimed to have stored.  No one can verify today that there is any wheat in reserve in China.

India, which has a burgeoning population growth long bragged about their wheat reserves. Unfortunately, such reserves have been completely exhausted due to stark poverty and agriculture problems and replaced with low quality, rotting wheat instead. Under India’s FCI act, the government is required to purchase all of the wheat, regardless of the quality. Thus, in an attempt to keep up with export contracts, India had to raid their stores of quality wheat and replace them with their poor quality, disease-ridden wheat instead for their own people.

As you know, the U.S. no longer has any wheat reserves. The fact that the dollar has been so soft, makes the importing of U.S. wheat by other countries very attractive as their own currencies remain strong against the U.S. dollar. (See, even they understand that “stuff” is more important than money.)

 Argentine dock workers going on strike has made worldwide access to the 3rd largest supplier of soy useless as the soy harvests simply sit in the port until concessions can be made. (A particularly uncomfortable problem for Europe, which is already experiencing a soy shortage due to the South American crops yielding less than normal.)  Oh, and did I mention that Argentina is experiencing unusually heavy rains so far this year?
...
 In fact, it’s in part attributed to the USDA’s false prediction of a bumper crop for the past two years that the U.S. chose to walk the edge of the cliff when they got rid of their excess food supplies and sold them or donated them to hurting countries.  The USDA told them that the food they were exporting would be easily replaced by the next two year’s harvests.  In fact, they even went so far are to claim that we would have the “largest ever soy crop and the second largest corn crop. Well, here we are, two harvests later, and Mother Nature pulled a fast one on the USDA. In direct contrast to the suspicious predictions by the USDA, we experienced some of the WORST harvests of 25 years!

 So, why did the USDA come out right and just plain LIE about the bumper crop predictions?  Well, our friends, the Chinese have a lot to do with this one. They are the most heavily invested in our debt and they rely heavily on the U.S. for the food supplies.  Remember, money is only as good as what it can purchase, right?  So if China relies heavily on our ability to export food to them, then it requires them to play nice with us, right?  So it’s important to the USDA anyway, that we keep up the pretense that our food supply is just fine and dandy and capable of keeping up with our own supply and demand as well as that of other nations which rely on us to feed them.  Oops. We’re about to be discovered real soon folks.  Not just by China (which latest numbers indicated that they own 25% of our foreign debt) but also by Japan, which is at 22% ownership of our foreign debt.
...
To make matters worse, are you aware that China is experiencing the worst drought ever this year?  On March 19, 2010 one of the provinces worst hit by the drought , Guizhou Provice, released a statement claiming that the existing drought has affected 84 counties, cities and other areas within China, with a total affected population of 17.28 million persons. 

Of that 17.28 million, the report claimed that over 3.1 million people are literally starving from a lack of food. This drought has affected the drinking water supply for over 18 million people as well, including the water necessary for about 12.5 million acres of crop and livestock farms.   They claim that over 2.9 million acres of land are already completely destroyed and unsalvageable.   So far, this drought has caused a loss of $2.85 billion (US).  The leader of the Yunnan Province, another province affected by the drought, told the Bejing News that local citizens in this area should “prepare for the worst.”  Does this put China in a vulnerable position in which they are likely to do something desperate in order to protect their greatest asset—their man-power? Of course it does.



Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 20,280
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #22 on: August 06, 2010, 11:40:32 am »
Update:
http://www.kansascity.com/2010/08/03/2127213/russian-wheat-crop-in-dire-straits.html
Russian wheat crop in dire straits, while U.S. farmers expect bumper harvests - Aug. 03, 2010

Drought and raging wildfires have destroyed one-fifth of the wheat crop in Russia and sent wheat prices soaring around the world.

The fear that Russia, a major wheat producer, will have to cut exports by at least 30 percent is good news for U.S. farmers, who now are getting more money to go along with a bumper crop this year.

That big harvest, analysts point out, should spare U.S. consumers much increase in the prices of bread and other wheat-based foods despite the problems in Russia.

Any price increases will hit consumers hardest in wheat-deficient areas such as the Middle East, Africa and parts of Asia.

The severe drought in Russia is thought to be the country’s worst in 130 years. Most of the damage to the wheat crop has been caused by the drought, but now wildfires are sweeping farmlands in western Russia.
...
The drought is also affecting harvests in Ukraine and Kazakhstan, Russia’s neighboring wheat-producing countries.

Troubles with wheat crops aren’t confined to that part of the world. Heavy rains during the planting season destroyed much of Canada’s crop. The Canadian Wheat Board, the marketing agency for the country’s farmers, is forecasting a 35 percent drop in the harvest.

The crop disasters have fed an unyielding price rally. In July alone, prices at the Chicago Board of Trade surged 42 percent, the biggest monthly gain in half a century.

In Chicago, wheat prices breached $7 a bushel Tuesday for the first time since September 2008.
...
The U.S. Agriculture Department has forecast a production surplus of about 1 billion bushels. That diminishes the likelihood of a repeat of the global rally in the cost of grains experienced in 2008, when wheat prices touched a high of $13.84 a bushel at the Kansas City Board of Trade.

Read more: http://www.kansascity.com/2010/08/03/2127213/russian-wheat-crop-in-dire-straits.html#ixzz0vqQad0Z9
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Don Quixote

  • Guest
Re: US Gov't Completely Out of Wheat? No Emergency Reserves Either
« Reply #23 on: August 06, 2010, 12:03:38 pm »
Thinking back to the cold war America not only fed itself, but it also exported grain to much of the Eastern bloc, and other parts of the world as well.

 Now it looks like the US will need to import wheat just to supply its own needs. Just another example of the globalists plans to destroy America.


Cold War Farce:
A Cajun who was a Merchant Marines in the 50's said that they delivered WHeat to the English ship and at the very same moment a USSR ship piped the wheat into its ship. See no US laws broken.

Had they not destroyed Ukraine and its independent farmers they would not have needed it.

Depression? This same Cajun friend indicated that his aunt stole the seeds of a farmer AFTER he planted them for the crops. She ate them.

Offline TahoeBlue

  • Global Moderator
  • Member
  • *****
  • Posts: 20,280
Re: UPDATE: US/Russia Wheat Reserves [A One Year Analysis]
« Reply #24 on: April 28, 2011, 06:29:17 pm »
Is this the year? I feel like I've been crying wolf.....

http://news.yahoo.com/s/nm/20110428/us_nm/us_usa_drought
"Massive crop losses" feared from South drought -  Apr 28, 2011

KANSAS CITY (Reuters) – The worst drought in more than 40 years intensified across Texas over the last week, with high winds and heat causing "massive crop losses," with little relief in sight, according to weather experts Thursday.

A report released Thursday from a consortium of national climate experts, dubbed the Drought Monitor, said drought worsened along the Texas border with Oklahoma, and in western, central and southern Texas.

Ranchers were struggling to feed and water cattle, and farmers were left to watch their crops shrivel into the dusty soil. Some experts estimated that producers were giving up on as much as 70 percent of the state's wheat acreage.

"There are some scary things going on in Texas," said Brian Fuchs, climatologist with the National Drought Mitigation Center, which released its weekly drought analysis Thursday morning.

The National Oceanic Atmospheric Association said this week that the drought appeared to be the worst since at least 1967.

...

The problems have fueled a rapid rise in wheat futures, though the recent beneficial rains in some wheat-producing areas have contributed to price declines for three straight trading days.

Also, because Texas is the largest U.S. cattle state, the shrinking herd there could translate into even higher prices for beef in the United States and export markets.

Data issued Thursday by a consortium of national climate experts said 95 percent of Texas was suffering "severe drought," or worse, up from 92 percent a week earlier.

More than 70 percent of the state was in the worse conditions of "extreme drought" or "exceptional drought." That is up from 68 percent a week ago in extreme and exceptional drought.

...
The drought in Texas and the Southwest comes at the same time that violent storms are spawning flooding and deadly tornadoes through parts of the Midwest and Southeast.

The excessive rainfall has slowed the planting of corn in the Midwest and could threaten other crops like soybeans.


Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline kerrymti

  • Member
  • *****
  • Posts: 1,467
  • The truth will set us free..and..open their eyes.
Re: UPDATE: US/Russia Wheat Reserves [A One Year Analysis]
« Reply #25 on: April 28, 2011, 08:08:02 pm »
Add to that the story out today that south of St. Louis, Missouri, they are getting ready to blow a bunch of levees to ease the pressure on the river so that some towns around St. Louis and south will not loose their levees and destroy houses...the problem is...the levees that they are going to blow protect hundreds of thousands of acres of crops that will definitely be destroyed.  http://www.foxnews.com/us/2011/04/26/mo-sues-corps-stop-intentional-levee-break/.  Plus, the levees are south of the area they are trying to protect, doesn't make sense.