Oct

28

The USDA, in a cost cutting move, is cutting some agricultural reports, 14 of them to be exact. None of the reports are major commodities, but they include honey and sheep. Personally, I applaud this move and hope that the USDA gets completely out of the reporting business and leaves matters entirely to the private sector.

Critics complain that there will be less information to go around with the ending of the reports. I humbly suggest that the end result will be more accurate data available because the private sector has an incentive to make the data as accurate as possible.

Feds tighten belt by cutting agriculture reports


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3 Comments so far

  1. Ed on October 28, 2011 11:08 am

    Years and years of work refining my wool yield/earnings yield sp500 system is ruined!!

  2. rose on October 29, 2011 7:21 pm

    Jeff.. please email me privately..
    i think, well i hope that you’re the jeff
    that i’ve been looking for.. not in that way haha
    but, i need to find him urgently! please reply to me
    via e-mail, so i can ask you something
    thank you so much
    yours hopefully
    rose

  3. Craig Bowles on October 30, 2011 12:08 pm

    Farm Futures has surveys and estimates that are often better than the govt data it seems. http://www.farmfutures.com/ On a side note, I just paid over $5 for a six-pack of Coke. I came home and checked out the Shadowstats page and they have inflation running up near 12% and broad unemployment at a new high of over 23%. Amazing retail sales are doing so well. http://www.shadowstats.com/alternate_data/inflation-charts

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