MONSANTO IS PAYING FARMERS TO USE ITS CONTROVERSIAL PESTICIDE

Corporate pesticide maker Monsanto, which has faced several recent lawsuits against its products, is paying farmers to use its controversial weedkiller XtendiMax with VaporGrip, an herbicide based on a chemical known as dicamba, Yahoo News reported.
The incentive to use XtendiMax aims to refund farmers over half the sticker price of the product in 2018 if they spray it on soybeans that Monsanto engineered to resist it, according to company data.
‘We believe cash-back incentives for using XtendiMax with VaporGrip Technology better enable growers to use a management system that represents the next level of weed control,’ said Ryan Rubischko, Monsanto product manager.
Monsanto faces bans and restrictions of its pesticides in several states due to damaged crops from its product which affected 3.1 million acres in nearly two dozen states, according to Reuters.
Reuters reported:
XtendiMax costs about $11 per acre to buy, and Monsanto is offering an extra $6 per acre in cash back to farmers when they apply it on Xtend soybeans, rather than using another seed-and-chemical combination to control weeds.
The rebate means farmers can receive up to $11.50 per acre in cash back next year when they use XtendiMax along with other approved chemicals, such as one called Intact that aims to prevent drift and costs $2.40 per acre, according to Monsanto.

This post was published at The Daily Sheeple on DECEMBER 14, 2017.

Thanks For The $170 Billion – – -Uncle Sam’s subsidies Help Fatten Junk Food Industry

To help Americans avoid obesity, the federal Choose My Plate program recommends filling half of one’s plate with fruit and vegetables. But only a small fraction of federal subsidies support fresh produce production – the majority go into commodity crops, according to a report from the Centers for Disease Control and Prevention (CDC).
From 1995 to 2010, the government spent $170 billion in agricultural subsidies to produce ingredients that make junk food cheap and plentiful. These crops and farm foods – corn, soybeans, wheat, rice, sorghum, milk and meat – aren’t inherently unhealthy, but many are turned into inexpensive additives like corn sweeteners, industrial oils, processed meats and refined carbohydrates, theNew York Times reported.
In a study published July 5 in JAMA Internal Medicine, CDC researchers found that, of the 10,000 adults surveyed, those who had the highest consumption of federally subsidized foods had a 37 percent higher risk of obesity, the New York Times reported. This group was also more likely to have abdominal fat, abnormal cholesterol, and high levels of blood sugar and an inflammation marker.

This post was published at David Stockmans Contra Corner on July 22, 2016.

The World’s Most Extreme Speculative Mania Unravels In China

From the Dutch tulip craze of 1637 to America’s dot-com bubble at the turn of the century, history is littered with speculative frenzies that ended badly for investors.
But rarely has a mania escalated so rapidly, and spurred such fevered trading, as the great China commodities boom of 2016. Over the span of just two wild months, daily turnover on the nation’s futures markets has jumped by the equivalent of $183 billion, outpacing the headiest days of last year’s Chinese stock bubble and making volumes on the Nasdaq exchange in 2000 look tame.
What started as a logical bet – that China’s economic stimulus and industrial reforms would lead to shortages of construction materials – quickly morphed into a full-blown commodities frenzy with little bearing on reality. As the nation’s army of individual investors piled in, they traded enough cotton in a single day last month to make one pair of jeans for everyone on Earth and shuffled around enough soybeans for 56 billion servings of tofu.
Now, as Chinese authorities introduce trading curbs to prevent surging commodities from fueling inflation and undermining plans to shut down inefficient producers, speculators are retreating as fast as they poured in. It’s the latest in a series of boom-bust market cycles that critics say are becoming more extreme as China’s policy makers flood the financial system with cash to stave off an economic hard landing.

This post was published at David Stockmans Contra Corner on May 10, 2016.