World Grain - December 2010 - 15

newsreview
E.U. outlines blueprint for Common Agricultural Policy
BRUSSELS, BELGIUM - The European
Commission on Nov. 18 outlined reforms to
the Common Agricultural Policy (CAP) that it
said will make the European agriculture sector
more dynamic, competitive and effective in responding to the Europe 2020 vision of sustainable, smart and inclusive growth.
The paper, "The Common Agriculture Policy Towards 2020 - Meeting the Food, Natural Resources and Territorial Challenges of
the Future," outlines three options for further
reform. After discussion of the ideas, the commission will make formal legislative proposals
in mid-2011.
E.U. Agriculture and Rural Development
Commissioner Dacian Cioloş underlined the
importance of making the CAP "greener, fairer, more efficient and more effective."
"The CAP is not just for farmers, it is for all
E.U. citizens - as consumers and taxpayers. It
is therefore important that we design our policy
in a way which is more understandable to the
general public and which makes clear the public benefits that farmers provide to society as a
whole," he said. "European agriculture needs
to be not only economically competitive, but
also environmentally competitive."
Three options for the future direction of the
CAP are outlined in the reform proposal:
* adjusting most pressing shortcomings in

the CAP through gradual changes;
* making the CAP greener, fairer, more efficient and more effective; and
* moving away from income support and
market measures and focusing on environmental and climate change objectives.
In all three options, the commission foresees the maintenance of the current system

Basis losses, ethanol
pressure Andersons profits
MAUMEE, OHIO - Net income of The
Andersons in the third quarter ended Sept.
30 was $1,394,000, equal to 8¢ per share on
the common stock, up 12% from $1,250,000,
or 7¢ per share, in the third quarter last year.
Sales were $706,825,000, up 18%.
The Grain & Ethanol Group's operating
income in the quarter was $2.5 million, down
72% from the third quarter last year. While benefiting from higher gross profits on grain sales
associated with the earlier timing of the harvest,
the division earned much less space income because of basis losses, the company said.
The Anderson's ethanol business suffered
a loss during the quarter. "The company had
previously, based on its view of the ethanol
market at the time, contracted for ethanol
sales at minimal margins," the company said.
"The ethanol results were also impacted by
rising prices of certain inputs and higher-thananticipated maintenance and repair costs."
Also pressuring results for the division,
albeit slightly, was reduced income from an
investment in Lansing Trade Group.

of two pillars - a first pillar (covering direct
payments and market measures, where rules
are clearly defined at E.U. level) and a second
pillar (comprising multi-annual rural development measures, where the framework of options is set at E.U. level, but the final choice
of schemes is left to member states or regions
under joint management).

Quality
Assurance
Sifters
Protect Your
Products & Reputation
Our precision sifters are custom designed
to match your stringent requirements. We have an
exceptional line of BISSC certified sifters to meet your
food production and quality assurance applications.
Gentle gyratory action, an unparalleled focus on
sanitation, easy access for inspection and maintenance,
dependable, safe, quiet, vibration free designs to
protect your products, people, reputation and plant.
Let us show you the right unit for your
application, with quality assurance
second to none.

www.gwmfg.com
913-682-2291

Product Protection & Production Sifters Since 1858
For more information, see Page 78.

www.World-Grain.com / World Grain / December 2010

http://www.gwmfg.com http://www.World-Grain.com

World Grain - December 2010

Table of Contents for the Digital Edition of World Grain - December 2010