Sentences with phrase «distorted grain markets»
The meat industry, backed by several governors, lawmakers and even international food agencies, argues that the quota has distorted grain markets by sucking up corn when ranchers can least afford it.
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Specifically, the Senate Committee recommended: (1) that the ACCC re-open its informal review of ADM's proposed acquisition of GrainCorp and obtain independent expert advice when conducting that review; (2) that the Foreign Investment Review Board (FIRB) consider evidence from the committee's hearings, potential loss of taxpayer revenie, the potential for the takover to «distort the capital market to the detriment of Australian farmers and Australia's economy due to food security concerns» and the need to «protect the public interest and the interests of grain growers» when making its recommendation to the Treasurer.