The House passed on June 16 its FY 2012 Agriculture Appropriations bill, totaling $17.3 billion in discretionary spending. This includes a reduction of $2.6 billion from the FY 2011 Continuing Resolution and $6 billion from FY 2010 enacted levels. Among the spending reductions was a $354 million cut to agricultural research funding.
The USDA's National Agricultural Statistics Service released its June 30 acreage report, which pegged U.S. canola plantings at 1 million acres, a 21% decline from the record 2010 acreage. This confirmed that extremely wet conditions in the Northern Plains this spring reduced acreage significantly from the Mar. 31 Prospective Plantings report. North Dakota saw its acreage fall to 940,000 acres, a drop of 27%. One bright spot was the 67% increase in Oklahoma to 100,000 acres. Although the southern Great Plains struggled with a severe drought this growing season, many in the canola industry were pleased at how well the winter canola crop survived during the adverse weather, and acreage is expected to increase again in 2012.