Replies to post #72619 on CWRUObserver.com -Financial News and Headlines -

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MVTG news worth discussing update:

MVTG technology is all about trying to slow Climate change, by capturing and using CO2 in a way that keeps it out of the atmosphere, to slow down climate change and global warming and the reduce the impacts. So the kinds of news below, impacts of climate change are relevant to the market and financing drive of getting MVTG's ERC to market.

Livestock Disaster Protection Act introduced in the House

WASHINGTON - The National Cattlemen’s Beef Association (NCBA) supports the efforts of Rep. Kristi Noem (R-S.D.) in introducing legislation that would provide a safety net for livestock owners across the nation. Under the Livestock Disaster Protection Act - the Livestock Indemnity Program (LIP), the Livestock Forage Program (LFP) and the Emergency Livestock Assistance Program (ELAP) would be extended for five years and would apply retroactively to cover losses in fiscal years 2012 and 2013.

“While cattlemen and women need the certainty that would be provided through a permanent disaster program in a full five year farm bill and we continue to work toward that goal, we appreciate the efforts of all members of Congress in keeping disaster assistance part of the national dialogue,” said Scott George, NCBA President and a dairy and beef producer from Cody, Wyo. “The continued drought which has now covered more than 70 percent of cattle country has impacted all of our ranches. Cattle producers need the tools necessary to manage the risks associated with mother-nature.”

The nation’s livestock producers have been hard hit, with the current drought across the country only adding to the effects caused by multi-year droughts in some of the largest cattle production areas. The drought has been a major factor in lower yields and subsequent high costs for hay and feed grains, forcing many ranchers to sell their cattle.

“The risk our farmers, ranchers and all livestock owners take is undeniable,” said Rep. Noem. “The extreme weather we see across America - from drought to flood to freezes to the extreme heat - demonstrates the importance of providing a strong safety net. My bill gives some long-term certainty to our livestock owners so they'll keep on taking the risk to contribute to our state and nation's robust agriculture industry.”

Rep. Noem had previously introduced this legislation on Apr. 26, 2012. The House of Representatives voted to approve livestock disaster assistance on Aug. 2, 2012 by a vote of 223-197.

www.cattlenetwork.com/cattle-news/Livestock-Disaster-Protection-Act-introduced-in-the-House-203476531.html?cmid=122556562&submitted=y