Nutrien says its first-quarter earnings in 2022 totaled $1.4 billion.&nbsp;&nbsp;The first-quarter net earnings per share were $2.70. 

Nutrien says global agriculture and crop input markets are being impacted by many &nbsp;unprecedented supply disruptions that have contributed to higher commodity prices and heightened concerns about global food security. 

“The situation proves the need for long-term solutions that support a sustainable increase in global crop production,” says Ken Seitz, interim president and CEO of Nutrien. 

“We are responding by safely increasing potash production and utilizing our global supply chain to provide customers with the crop inputs and services they need for this critical growing season.&nbsp;&nbsp;

He also says the company expects higher earnings and cash flows this year, which provides them an opportunity to accelerate strategic initiatives that Nutrien believes will advance sustainable agriculture practices. It includes the potential to expand their low-cost fertilizer production capacity and enhance their global distribution network.

Nutrien says its first-quarter earnings in 2022 totaled $1.4 billion.&nbsp;&nbsp;The first-quarter net earnings per share were $2.70. Nutrien says global agriculture and crop input markets are being impacted by many &nbsp;unprecedented supply disruptions that have contributed to higher commodity prices and heightened concerns about global food security. “The situation proves the need for long-term solutions that support a sustainable increase in global crop production,” says Ken Seitz, interim president and CEO of Nutrien. “We are responding by safely increasing potash production and utilizing our global supply chain to provide customers with the crop inputs and services they need for this critical growing season.&nbsp;&nbsp;He also says the company expects higher earnings and cash flows this year, which provides them an opportunity to accelerate strategic initiatives that Nutrien believes will advance sustainable agriculture practices. It includes the potential to expand their low-cost fertilizer production capacity and enhance their global distribution network.

Nutrien announces higher earnings, increased Potash production

Last week, the Senate’s Environment and Public Works Committee unanimously passed its Water Resources Development Act of 2022. 

WRDA provides improvements for the nation’s ports, inland waterways, locks, dams, flood protection, ecosystem restoration, and other water resources infrastructure. 

It’s good news for farmers who transport their crops through the infrastructure system and will allow them to remain competitive in the global market. 

A proposal within the bill would permanently adjust the inland waterways cost-share to 75 percent general revenue and 25 percent Inland Waterways Trust Fund. It would also eliminate the sunset provisions to preserve these changes in perpetuity. 

The American Soybean Association says it supports the cost-share proposal and continues to advocate for investments to fund lock and dam construction and rehabilitation. 

They say upgrading the aging lock-and-dam systems along the inland waterways is critical to increasing barge capacity for shipping bigger loads of soybeans to international customers.

Last week, the Senate’s Environment and Public Works Committee unanimously passed its Water Resources Development Act of 2022. WRDA provides improvements for the nation’s ports, inland waterways, locks, dams, flood protection, ecosystem restoration, and other water resources infrastructure. It’s good news for farmers who transport their crops through the infrastructure system and will allow them to remain competitive in the global market. A proposal within the bill would permanently adjust the inland waterways cost-share to 75 percent general revenue and 25 percent Inland Waterways Trust Fund. It would also eliminate the sunset provisions to preserve these changes in perpetuity. The American Soybean Association says it supports the cost-share proposal and continues to advocate for investments to fund lock and dam construction and rehabilitation. They say upgrading the aging lock-and-dam systems along the inland waterways is critical to increasing barge capacity for shipping bigger loads of soybeans to international customers.

Senate Committee passes WRDA 2022 last week

World food prices took a small step down in April after reaching a record high in March. 

Reuters says global food security is still a big concern because of challenging conditions in world markets. 

The Food and Agriculture Organization’s food price index, which tracks the most globally-traded food commodities, averaged 158.5 points in April compared to 159.7 in March. 

FAO’s chief economist Maximo Cullen says the small decrease in the index is a welcome relief. “However, food prices are still close to their recent highs,” Cullen says. After dropping from the March high point, the April index is still almost 20 percent higher than last year. 

The cereal price index fell 0.7 percent in April after jumping 17 percent higher in March. The vegetable oil index dropped 5.7 percent in April because of demand rationing. Sugar prices increased three percent, meat rose two percent, and the dairy index was up 0.9 percent.

World food prices took a small step down in April after reaching a record high in March. Reuters says global food security is still a big concern because of challenging conditions in world markets. The Food and Agriculture Organization’s food price index, which tracks the most globally-traded food commodities, averaged 158.5 points in April compared to 159.7 in March. FAO’s chief economist Maximo Cullen says the small decrease in the index is a welcome relief. “However, food prices are still close to their recent highs,” Cullen says. After dropping from the March high point, the April index is still almost 20 percent higher than last year. The cereal price index fell 0.7 percent in April after jumping 17 percent higher in March. The vegetable oil index dropped 5.7 percent in April because of demand rationing. Sugar prices increased three percent, meat rose two percent, and the dairy index was up 0.9 percent.

Food prices slightly lower in April

April’s dry conditions resulted in well-below average runoff in the upper Missouri River Basin. 

Monthly runoff in April totaled 1.5 million acre-feet which is 51 percent of the average. 

The updated 2022 upper Basin runoff forecast is now 17.8 million acre-feet which is 69 percent of the average.&nbsp;&nbsp;If that number gets reached, it will rank as the 23rd-lowest calendar year runoff volume. 

“Despite recent snow and rainfall events, 84 percent of the upper Basin continues to experience abnormally dry conditions," says John Remus, chief of the Army Corps of Engineers Missouri River Basin Water Management Division. 

“Current drought conditions, dry soils, and below-normal mountain snowpack resulted in the below-average 2022 calendar year runoff forecast.” 

The NOAA Climate Prediction Center indicates increased chances for cooler and wetter-than-normal conditions for most of the Basin during May, potentially providing much-needed moisture to the area. However, June, July, and August forecasts indicate warmer and drier-than-normal conditions.

April’s dry conditions resulted in well-below average runoff in the upper Missouri River Basin. Monthly runoff in April totaled 1.5 million acre-feet which is 51 percent of the average. The updated 2022 upper Basin runoff forecast is now 17.8 million acre-feet which is 69 percent of the average.&nbsp;&nbsp;If that number gets reached, it will rank as the 23rd-lowest calendar year runoff volume. “Despite recent snow and rainfall events, 84 percent of the upper Basin continues to experience abnormally dry conditions," says John Remus, chief of the Army Corps of Engineers Missouri River Basin Water Management Division. “Current drought conditions, dry soils, and below-normal mountain snowpack resulted in the below-average 2022 calendar year runoff forecast.” The NOAA Climate Prediction Center indicates increased chances for cooler and wetter-than-normal conditions for most of the Basin during May, potentially providing much-needed moisture to the area. However, June, July, and August forecasts indicate warmer and drier-than-normal conditions.

Drought conditions persist in the Missouri River Basin

The National Corn Growers Association responded to the recent USDA public comment period on its report titled “Access to Fertilizer: Competition and Supply Chain Concerns” by launching a call-to-action. 

The call got made to aid corn growers in raising a collective voice on this important and timely issue. 

“We need a unified message if we’re going to effectively reach Washington decision-makers on this important issue,” says NCGA Vice President of Public Policy, Brook Appleton. 

“That’s why it’s critical that corn growers take this opportunity to submit comments to USDA, including detailed information on how rising input costs are impacting their operation.” The call-to-action encourages corn growers to comment specifically on fertilizer accessibility, price volatility, and market competition. 

The public comment period will close on May 16. “This is an opportunity to grab a seat at the table during an important discussion,” Appleton adds. For more information on how to submit comments, go to ncga.com.

The National Corn Growers Association responded to the recent USDA public comment period on its report titled “Access to Fertilizer: Competition and Supply Chain Concerns” by launching a call-to-action. The call got made to aid corn growers in raising a collective voice on this important and timely issue. “We need a unified message if we’re going to effectively reach Washington decision-makers on this important issue,” says NCGA Vice President of Public Policy, Brook Appleton. “That’s why it’s critical that corn growers take this opportunity to submit comments to USDA, including detailed information on how rising input costs are impacting their operation.” The call-to-action encourages corn growers to comment specifically on fertilizer accessibility, price volatility, and market competition. The public comment period will close on May 16. “This is an opportunity to grab a seat at the table during an important discussion,” Appleton adds. For more information on how to submit comments, go to ncga.com.

NCGA call-to-action on fair fertilizer markets

Pork industry professionals will get the latest in production and management education through many topical seminars during this year’s World Pork Expo, presented by the National Pork Producers Council. 

The World Pork Expo takes place June 8-10 at the Iowa State Fairgrounds in Des Moines. 

This year’s lineup of Business Seminars and Pork Academy sessions gives producers a great opportunity to learn about critical topics like sustainability, data, industry collaborations, nutrition, and more. 

“These seminars provide opportunities for pork professionals to stay on top of the latest challenges, topics, trends, and innovations in our industry,” says NPPC President Terry Wolters. “The World Pork Expo is an excellent place to learn how to improve operations and outcomes with the newest strategies.” 

Attendees can participate in business seminars, Pork Academy sessions, and several networking opportunities. There is still time to register and join thousands of pork industry professionals at the event. More information is at worldpork.org.

Pork industry professionals will get the latest in production and management education through many topical seminars during this year’s World Pork Expo, presented by the National Pork Producers Council. The World Pork Expo takes place June 8-10 at the Iowa State Fairgrounds in Des Moines. This year’s lineup of Business Seminars and Pork Academy sessions gives producers a great opportunity to learn about critical topics like sustainability, data, industry collaborations, nutrition, and more. “These seminars provide opportunities for pork professionals to stay on top of the latest challenges, topics, trends, and innovations in our industry,” says NPPC President Terry Wolters. “The World Pork Expo is an excellent place to learn how to improve operations and outcomes with the newest strategies.” Attendees can participate in business seminars, Pork Academy sessions, and several networking opportunities. There is still time to register and join thousands of pork industry professionals at the event. More information is at worldpork.org.

Full schedule of educational seminars at Work Pork Expo

A sharp fall in exports resulting from the Russian invasion is causing a significant shortage of storage facilities in Ukraine for the 2022-2023 season. 

Analyst APK-Inform says that Ukraine is getting forced to export grain by train over its western border or from smaller ports along the Danube River. 

APK-Inform says that Ukraine’s exports may total just 45.5 million tons of the 2021 record-harvest total of 86 million tons. 

Reuters says grain and oilseed stocks at the end of the current season may reach an all-time high of 21.3 million tons. That volume is 4.2 times higher than in the previous season and won’t allow Ukraine to release a significant share of its storage capacity for any new harvest that comes in. 

Ukraine is typically a major grain and oilseed grower for the world, but exports have dropped sharply. Ukraine exported 763,000 tons in April compared to 2.8 million tons at the same time last year.

A sharp fall in exports resulting from the Russian invasion is causing a significant shortage of storage facilities in Ukraine for the 2022-2023 season. Analyst APK-Inform says that Ukraine is getting forced to export grain by train over its western border or from smaller ports along the Danube River. APK-Inform says that Ukraine’s exports may total just 45.5 million tons of the 2021 record-harvest total of 86 million tons. Reuters says grain and oilseed stocks at the end of the current season may reach an all-time high of 21.3 million tons. That volume is 4.2 times higher than in the previous season and won’t allow Ukraine to release a significant share of its storage capacity for any new harvest that comes in. Ukraine is typically a major grain and oilseed grower for the world, but exports have dropped sharply. Ukraine exported 763,000 tons in April compared to 2.8 million tons at the same time last year.

Ukraine facing grain storage crunch

The American Soybean Association, the United Soybean Board, and soybean states want to help farmers who might need help managing the stress of life on the farm. 

This May is Mental Health Month. The soy community will continue its proactive communications campaign to combat farm stress by offering #SoyHelp. 

The groups have researched an updated range of options that can be found on the soygrowers.com website year-round. 

Those options include national mental health resources like crisis centers and suicide hotlines. There are ag-specific resources for farmers and farm families, both national and by soy states. 

“We want these resources to resonate regardless of age, location, race, gender, or the circumstances that have led to needing a hand,” says Brad Doyle, president of the American Soybean Association. The resources include links to self-assessments, professional services, local health care facilities, hotlines for urgent needs, and chat and text lines for instant access.

The American Soybean Association, the United Soybean Board, and soybean states want to help farmers who might need help managing the stress of life on the farm. This May is Mental Health Month. The soy community will continue its proactive communications campaign to combat farm stress by offering #SoyHelp. The groups have researched an updated range of options that can be found on the soygrowers.com website year-round. Those options include national mental health resources like crisis centers and suicide hotlines. There are ag-specific resources for farmers and farm families, both national and by soy states. “We want these resources to resonate regardless of age, location, race, gender, or the circumstances that have led to needing a hand,” says Brad Doyle, president of the American Soybean Association. The resources include links to self-assessments, professional services, local health care facilities, hotlines for urgent needs, and chat and text lines for instant access.

#SoyHelp to manage farm stress

The major winter wheat-growing regions in the U.S. face the significant possibility of below-average yields. 

DTN says that’s because drought intensified through the Plains this spring, and summer forecasts don’t show much relief ahead. 

A dry fall, winter, and spring combined with winds over 60 mph have pushed the winter wheat to the limit. DTN Meteorologist John Baranick says overall conditions are poor from Nebraska through western Kansas and into West Texas. 

The region’s lower precipitation trend dates back to late in the summer of 2021. Precipitation stayed low through the fall and winter, while spring storm systems stayed to the north.&nbsp;&nbsp;Persistent high winds have only made things harder for the wheat crop. 

As active spring storms swung north across the western U.S., they sent strong, dry winds into the Plains. Baranick says, “Strong winds combined with the dryness have caused lots of blowing dust and buried some of the wheat.”

The major winter wheat-growing regions in the U.S. face the significant possibility of below-average yields. DTN says that’s because drought intensified through the Plains this spring, and summer forecasts don’t show much relief ahead. A dry fall, winter, and spring combined with winds over 60 mph have pushed the winter wheat to the limit. DTN Meteorologist John Baranick says overall conditions are poor from Nebraska through western Kansas and into West Texas. The region’s lower precipitation trend dates back to late in the summer of 2021. Precipitation stayed low through the fall and winter, while spring storm systems stayed to the north.&nbsp;&nbsp;Persistent high winds have only made things harder for the wheat crop. As active spring storms swung north across the western U.S., they sent strong, dry winds into the Plains. Baranick says, “Strong winds combined with the dryness have caused lots of blowing dust and buried some of the wheat.”

Winter wheat resiliency getting tested by drought, high winds

The Purdue University/CME Group Ag Economy Barometer improved in April, rising eight points to a reading of 121. 

However, that remains 32 percent below its level from the same time last year. Producer perspectives on current conditions and future expectations saw an uptick over the past month. The Index of Current Conditions improved seven points to a reading of 120, and the Index of Future Expectations rose nine points to a reading of 122. 

Rising commodity prices, especially for corn and soybeans, appear to be the reasons behind producers’ improved financial outlook. Even with improved prices, producers say rising input costs are the top concern for their farming operation. In April, 42 percent of producers surveyed chose higher input costs as their biggest concern, which was more than twice as many who chose government policies or lower output prices. 

Sixty percent of respondents expect input prices to rise by 30 percent over the next year.

The Purdue University/CME Group Ag Economy Barometer improved in April, rising eight points to a reading of 121. However, that remains 32 percent below its level from the same time last year. Producer perspectives on current conditions and future expectations saw an uptick over the past month. The Index of Current Conditions improved seven points to a reading of 120, and the Index of Future Expectations rose nine points to a reading of 122. Rising commodity prices, especially for corn and soybeans, appear to be the reasons behind producers’ improved financial outlook. Even with improved prices, producers say rising input costs are the top concern for their farming operation. In April, 42 percent of producers surveyed chose higher input costs as their biggest concern, which was more than twice as many who chose government policies or lower output prices. Sixty percent of respondents expect input prices to rise by 30 percent over the next year.

Producer sentiment improves despite inflation worries

The Environmental Protection Agency delivered its final rule setting the 2021 and 2022 Renewable Fuel Standard renewable volume obligations to the White House Office of Management and Budget. 

The rule, delivered on April 29, may also revise the existing RVO for 2020. The OMB review is the final step before the rulemaking is published. In December 2021, the EPA released a proposed rule that included RVOs for 2021 and 2022. The rule also intended to revise the already finalized 2020 RVO, something the U.S. biofuel industry emphatically doesn’t support. 

Biodiesel Magazine says with the final rule now under OMB review, it looks like the EPA will be able to finalize the RVO rulemaking by June 3. That would keep EPA in compliance with a consent decree related to a legal challenge by Growth Energy which sought an injunction requiring the EPA to promptly issue the RVOs for 2021 and 2022.

The Environmental Protection Agency delivered its final rule setting the 2021 and 2022 Renewable Fuel Standard renewable volume obligations to the White House Office of Management and Budget. The rule, delivered on April 29, may also revise the existing RVO for 2020. The OMB review is the final step before the rulemaking is published. In December 2021, the EPA released a proposed rule that included RVOs for 2021 and 2022. The rule also intended to revise the already finalized 2020 RVO, something the U.S. biofuel industry emphatically doesn’t support. Biodiesel Magazine says with the final rule now under OMB review, it looks like the EPA will be able to finalize the RVO rulemaking by June 3. That would keep EPA in compliance with a consent decree related to a legal challenge by Growth Energy which sought an injunction requiring the EPA to promptly issue the RVOs for 2021 and 2022.

EPA delivers final RFS RVO rule to the White House

Ag Secretary Tom Vilsack announced that the USDA is accepting more than two million acres in offers from agricultural producers and landowners through the Conservation Reserve Program’s general signup. 

It’s the first of the program’s multiple signups occurring this year. With about 3.4 million acres expiring this year, Vilsack encourages producers and landowners to consider the Grassland and Continuous signups, both of which are currently open. 

“Our conservation programs are voluntary, and at the end of the day, producers are making market-based decisions as the program was designed to allow and encourage,” Vilsack says.

 Producers submitted re-enrollment offers for just over half of expiring acres, similar to the rate in 2021. Offers for new land into General CRP were considerably lower than last year’s numbers, with fewer than 400,000 acres being offered versus more than 700,000 acres last year. Producers with accepted acres still need to develop a conservation plan before enrolling on October 1.

Ag Secretary Tom Vilsack announced that the USDA is accepting more than two million acres in offers from agricultural producers and landowners through the Conservation Reserve Program’s general signup. It’s the first of the program’s multiple signups occurring this year. With about 3.4 million acres expiring this year, Vilsack encourages producers and landowners to consider the Grassland and Continuous signups, both of which are currently open. “Our conservation programs are voluntary, and at the end of the day, producers are making market-based decisions as the program was designed to allow and encourage,” Vilsack says. Producers submitted re-enrollment offers for just over half of expiring acres, similar to the rate in 2021. Offers for new land into General CRP were considerably lower than last year’s numbers, with fewer than 400,000 acres being offered versus more than 700,000 acres last year. Producers with accepted acres still need to develop a conservation plan before enrolling on October 1.

USDA accepts two million acres into CRP General Signup

According to the Environmental Protection Agency, American agriculture’s greenhouse gas emissions fell over four percent from 2019 to 2020. 

The recent Inventory of U.S. Greenhouse Gas Emissions and Sinks shows ag represents only 10 percent of total U.S. emissions, much lower than other economic sectors. Farm Bureau economists analyzed the EPA data and found that total agricultural emissions in 2020 fell at least 4.3 percent, or 28.8 million metric tons, compared to 2019. Emissions from agricultural soil management like fertilizer application and tillage practices were reduced by 8.4 percent. 

AFBF President Zippy Duvall says America’s farmers are committed to improvements in sustainability. 

“Farmers are also dedicated to doing even better through market-based, voluntary incentives allowing them to capture more greenhouse gasses while meeting the growing demand for food both here and abroad,” he says. 

Compared to 70 years ago, farmers and ranchers get almost three times more out of production than they put in.

According to the Environmental Protection Agency, American agriculture’s greenhouse gas emissions fell over four percent from 2019 to 2020. The recent Inventory of U.S. Greenhouse Gas Emissions and Sinks shows ag represents only 10 percent of total U.S. emissions, much lower than other economic sectors. Farm Bureau economists analyzed the EPA data and found that total agricultural emissions in 2020 fell at least 4.3 percent, or 28.8 million metric tons, compared to 2019. Emissions from agricultural soil management like fertilizer application and tillage practices were reduced by 8.4 percent. AFBF President Zippy Duvall says America’s farmers are committed to improvements in sustainability. “Farmers are also dedicated to doing even better through market-based, voluntary incentives allowing them to capture more greenhouse gasses while meeting the growing demand for food both here and abroad,” he says. Compared to 70 years ago, farmers and ranchers get almost three times more out of production than they put in.

American Farmers are Dropping Greenhouse Gas Emissions

More than 147,000 American farms produced and sold food locally through direct marketing practices, resulting in $9 billion in revenue during 2020. 

The Local Food Marketing Practices data released by the National Agricultural Statistics Service covers both fresh and value-added foods, such as meat and cheese. More than 40,000 farms sold food directly to institutions and intermediaries and brought in the most revenue at $4.1 billion. Farms with direct-to-consumer sales like on-farm stores and farmers’ markets earned $2.9 billion in revenue. Direct-to-retail sales earned $1.9 billion for more than 24,000 farms nationwide. 

California led the states in total direct food sales at $1.4 billion, followed by Pennsylvania, New York, Michigan, and Maine in the top five. Texas led the U.S. in the number of farms selling directly to consumers with almost 8,000. California was the top state in direct-to-consumer sales’ earnings at $284 million. 

Most direct-to-consumer sales took place at outlets like on-farm stores.

More than 147,000 American farms produced and sold food locally through direct marketing practices, resulting in $9 billion in revenue during 2020. The Local Food Marketing Practices data released by the National Agricultural Statistics Service covers both fresh and value-added foods, such as meat and cheese. More than 40,000 farms sold food directly to institutions and intermediaries and brought in the most revenue at $4.1 billion. Farms with direct-to-consumer sales like on-farm stores and farmers’ markets earned $2.9 billion in revenue. Direct-to-retail sales earned $1.9 billion for more than 24,000 farms nationwide. California led the states in total direct food sales at $1.4 billion, followed by Pennsylvania, New York, Michigan, and Maine in the top five. Texas led the U.S. in the number of farms selling directly to consumers with almost 8,000. California was the top state in direct-to-consumer sales’ earnings at $284 million. Most direct-to-consumer sales took place at outlets like on-farm stores.

USDA Releases Data on Local Food Marketing Practices

The Environmental Protection Agency is expected to send the long-awaited 2020-2022 biofuel blending mandates to the White House early this week. 

Two sources familiar with the matter told Reuters the White House would then be working through a final review of the numbers. The EPA released a proposed rule in December, but it’s not known whether the mandates sent this week will be identical to December’s proposal. In that rule, the EPA would retroactively set total renewable fuel volumes at 17.13 billion gallons for 2020. 

That was down from a previously finalized rule for the year of 20.09 billion gallons, set before COVID-19. It also set volumes at 18.52 billion gallons for 2021 and 20.77 billion for 2022. Both the 2020 and 2021 figures are lower than in 2019 when the EPA required refiners to blend 19.92 billion gallons of biofuels, but the 2022 proposal is higher. 

Both the oil and biofuel industries eagerly await the final numbers.

The Environmental Protection Agency is expected to send the long-awaited 2020-2022 biofuel blending mandates to the White House early this week. Two sources familiar with the matter told Reuters the White House would then be working through a final review of the numbers. The EPA released a proposed rule in December, but it’s not known whether the mandates sent this week will be identical to December’s proposal. In that rule, the EPA would retroactively set total renewable fuel volumes at 17.13 billion gallons for 2020. That was down from a previously finalized rule for the year of 20.09 billion gallons, set before COVID-19. It also set volumes at 18.52 billion gallons for 2021 and 20.77 billion for 2022. Both the 2020 and 2021 figures are lower than in 2019 when the EPA required refiners to blend 19.92 billion gallons of biofuels, but the 2022 proposal is higher. Both the oil and biofuel industries eagerly await the final numbers.

EPA Sending Biofuel Blending Mandates to White House This Week

The Biden administration is calling on Congress for $33 billion in additional support for the people of Ukraine, who are still struggling under the Russian attack. 

Included in that proposal is $500 million in domestic food production assistance. The funds will support the increased production of U.S. food crops that are experiencing a global shortage due to the war in Ukraine, including wheat and soybeans.

 In a release from the White House, the administration says, “Through higher loan rates and crop insurance incentives, the request provides greater access to credit and lowers the risk for farmers growing these food commodities while lowering the cost for consumers.” Additional funding will also allow the use of the Defense Production Act to expand domestic production of critical minerals and materials disrupted by the war in Ukraine. The administration says these proposals help address economic disruptions and reduce price pressures at home and around the world.

The Biden administration is calling on Congress for $33 billion in additional support for the people of Ukraine, who are still struggling under the Russian attack. Included in that proposal is $500 million in domestic food production assistance. The funds will support the increased production of U.S. food crops that are experiencing a global shortage due to the war in Ukraine, including wheat and soybeans. In a release from the White House, the administration says, “Through higher loan rates and crop insurance incentives, the request provides greater access to credit and lowers the risk for farmers growing these food commodities while lowering the cost for consumers.” Additional funding will also allow the use of the Defense Production Act to expand domestic production of critical minerals and materials disrupted by the war in Ukraine. The administration says these proposals help address economic disruptions and reduce price pressures at home and around the world.

Biden administration proposes to spend $500 million on food production

The deadline for partners to apply for the first round of funding through the new Partnerships for Climate-Smart Commodities is Friday, May 6. 

USDA is committed to supporting a diverse set of farmers, ranchers, and forest owners through climate solutions that increase resilience, expand market opportunities, and strengthen rural America. This round of funding includes large-scale proposals from $5 million to $100 million that emphasize the greenhouse gas benefits of climate-smart commodity production. The proposals should also include direct, meaningful benefits to a representative cross-section of production agriculture, including small and/or historically underserved producers. 

“Don’t miss out on this opportunity,” says Robert Bonnie, USDA Undersecretary for Farm Production and Conservation. “We want a broad array of agriculture and forestry producers and landowners to see themselves in this effort.” A climate-smart commodity is defined as a commodity produced using agricultural practices that reduce greenhouse gas emissions or sequester carbon. More information is available at usda.gov.

The deadline for partners to apply for the first round of funding through the new Partnerships for Climate-Smart Commodities is Friday, May 6. USDA is committed to supporting a diverse set of farmers, ranchers, and forest owners through climate solutions that increase resilience, expand market opportunities, and strengthen rural America. This round of funding includes large-scale proposals from $5 million to $100 million that emphasize the greenhouse gas benefits of climate-smart commodity production. The proposals should also include direct, meaningful benefits to a representative cross-section of production agriculture, including small and/or historically underserved producers. “Don’t miss out on this opportunity,” says Robert Bonnie, USDA Undersecretary for Farm Production and Conservation. “We want a broad array of agriculture and forestry producers and landowners to see themselves in this effort.” A climate-smart commodity is defined as a commodity produced using agricultural practices that reduce greenhouse gas emissions or sequester carbon. More information is available at usda.gov.

Climate-smart commodities funding deadline approaching

U.S. consumer demand for meat at the retail level remains exceptionally strong despite rising prices caused by increased production costs and supply chain challenges. 

A new CoBank report says that may change soon. Once the full effect of increased costs of producer price inflation shows up in the retail meat case, demand will get tested. “Retail meat prices will remain high throughout 2022,” says Brian Earnest, lead animal protein economist with CoBank. “The sharply higher costs for feed, energy, and labor haven’t fully impacted wholesale and retail meat prices, but that will soon change.” 

He also says as consumers notice their dollar isn’t going as far as it once did, they may trade down at the meat case. Chicken could be the primary beneficiary. The combined cutout values of beef, pork, and chicken have climbed 22 percent year-over-year in the first quarter of this year, so consumers will see higher meat prices.

U.S. consumer demand for meat at the retail level remains exceptionally strong despite rising prices caused by increased production costs and supply chain challenges. A new CoBank report says that may change soon. Once the full effect of increased costs of producer price inflation shows up in the retail meat case, demand will get tested. “Retail meat prices will remain high throughout 2022,” says Brian Earnest, lead animal protein economist with CoBank. “The sharply higher costs for feed, energy, and labor haven’t fully impacted wholesale and retail meat prices, but that will soon change.” He also says as consumers notice their dollar isn’t going as far as it once did, they may trade down at the meat case. Chicken could be the primary beneficiary. The combined cutout values of beef, pork, and chicken have climbed 22 percent year-over-year in the first quarter of this year, so consumers will see higher meat prices.

CoBank: rising meat prices will test consumer demand

Agriculture Secretary Tom Vilsack Wednesday approved Commodity Credit Corporation funding to assist USDA’s Animal and Plant Health Inspection Service response to highly pathogenic avian influenza.

 The virus has been confirmed in 29 states, affecting more than 33 million domestic birds. APHIS is working closely with state animal health officials on joint incident responses in each affected state. To help ensure APHIS can continue to provide critical rapid response activities, Vilsack approved the transfer of nearly $263 million from the CCC to APHIS to directly support the response efforts. 

The funding allows APHIS to continue its work with state and local partners to quickly identify and address cases of HPAI in the United States. The Secretary is authorized to transfer funding from available resources to address emergency outbreaks of animal and plant pests and diseases. Secretary Vilsack previously approved the use of approximately $130 million in emergency funding in mid-March.

Agriculture Secretary Tom Vilsack Wednesday approved Commodity Credit Corporation funding to assist USDA’s Animal and Plant Health Inspection Service response to highly pathogenic avian influenza. The virus has been confirmed in 29 states, affecting more than 33 million domestic birds. APHIS is working closely with state animal health officials on joint incident responses in each affected state. To help ensure APHIS can continue to provide critical rapid response activities, Vilsack approved the transfer of nearly $263 million from the CCC to APHIS to directly support the response efforts. The funding allows APHIS to continue its work with state and local partners to quickly identify and address cases of HPAI in the United States. The Secretary is authorized to transfer funding from available resources to address emergency outbreaks of animal and plant pests and diseases. Secretary Vilsack previously approved the use of approximately $130 million in emergency funding in mid-March.

Vilsack authorizes additional CCC funds for HPAI response

New data from USDA’s Economic Research Service shows demand for soybean oil increased its price in 2021 and so far in 2022. 

Soybean oil is the most widely used vegetable oil, and soybean oil use has typically accounted for over 50 percent of total domestic disappearance of all vegetable oil used in the United States. Given the versatility of soybean oil and the limited supplies of substitute oils, steady growth in food and industrial demand for soybean oil caused domestic prices to rise. 

In March 2022, USDA’s Agricultural Marketing Service reported that average monthly soybean oil prices in Decatur, Illinois, a leading indicator market for soybean oil, had reached 76 cents per pound, more than 40 percent higher than a year earlier. Rising monthly prices have contributed to increases in the 2021/22 U.S. season-average soybean oil price, currently projected at $0.70 per pound, an increase of 23 percent from the prior marketing year.

New data from USDA’s Economic Research Service shows demand for soybean oil increased its price in 2021 and so far in 2022. Soybean oil is the most widely used vegetable oil, and soybean oil use has typically accounted for over 50 percent of total domestic disappearance of all vegetable oil used in the United States. Given the versatility of soybean oil and the limited supplies of substitute oils, steady growth in food and industrial demand for soybean oil caused domestic prices to rise. In March 2022, USDA’s Agricultural Marketing Service reported that average monthly soybean oil prices in Decatur, Illinois, a leading indicator market for soybean oil, had reached 76 cents per pound, more than 40 percent higher than a year earlier. Rising monthly prices have contributed to increases in the 2021/22 U.S. season-average soybean oil price, currently projected at $0.70 per pound, an increase of 23 percent from the prior marketing year.

Strong soybean oil demand elevating price

The Biden Administration Wednesday announced $670 million in food assistance in response to Russia’s invasion of Ukraine. 

The Department of Agriculture and U.S. Agency for International Development will draw down the full balance of the Bill Emerson Humanitarian Trust. 

USAID will use the $282 million from the trust to acquire U.S. food commodities for Ethiopia, Kenya, Somalia, Sudan, South Sudan, and Yemen. 

USDA will provide $388 million in additional funding through the Commodity Credit Corporation to cover transportation, shipping, handling, and other associated costs. Agriculture Secretary Tom Vilsack says, "America's farmers, ranchers and producers are uniquely positioned through their productivity, and through the Bill Emerson Humanitarian Trust to help.” 

The trust is a special authority renamed for Congressman Bill Emerson in 1998, that enables USAID’s Bureau for Humanitarian Assistance to respond to unanticipated food crises abroad when other resources are not available. This is the first time since 2014 the U.S. government has used the emergency funding authority.

The Biden Administration Wednesday announced $670 million in food assistance in response to Russia’s invasion of Ukraine. The Department of Agriculture and U.S. Agency for International Development will draw down the full balance of the Bill Emerson Humanitarian Trust. USAID will use the $282 million from the trust to acquire U.S. food commodities for Ethiopia, Kenya, Somalia, Sudan, South Sudan, and Yemen. USDA will provide $388 million in additional funding through the Commodity Credit Corporation to cover transportation, shipping, handling, and other associated costs. Agriculture Secretary Tom Vilsack says, "America's farmers, ranchers and producers are uniquely positioned through their productivity, and through the Bill Emerson Humanitarian Trust to help.” The trust is a special authority renamed for Congressman Bill Emerson in 1998, that enables USAID’s Bureau for Humanitarian Assistance to respond to unanticipated food crises abroad when other resources are not available. This is the first time since 2014 the U.S. government has used the emergency funding authority.

Biden Administration announces global food aid

As the beef sector focused on a congressional hearing Tuesday, one group urged the Federal Trade Commission and Department of Justice to investigate vertical integration in feedlots. 

R-CALF this week announced formal comments submitted to the federal government on the issue. 

The organization says that while beef packer concentration has plateaued since 2009 at the four-firm level of between 83 percent and 86 percent, it is now evident that major concentration and vertical integration efforts are underway in the feedlot sector of the live cattle industry. 

The group says the structure of the beef packing industry is now being pushed upstream into the live cattle supply chain. In its comments, the group urged the agencies to investigate to determine the degree of buyer power the concentrated beef packers exercise over those feedlots – in particular, the 77 largest feedlots. 

The agencies asked for public comments to help them improve enforcement of U.S. antitrust laws regarding both horizontal and vertical mergers.

As the beef sector focused on a congressional hearing Tuesday, one group urged the Federal Trade Commission and Department of Justice to investigate vertical integration in feedlots. R-CALF this week announced formal comments submitted to the federal government on the issue. The organization says that while beef packer concentration has plateaued since 2009 at the four-firm level of between 83 percent and 86 percent, it is now evident that major concentration and vertical integration efforts are underway in the feedlot sector of the live cattle industry. The group says the structure of the beef packing industry is now being pushed upstream into the live cattle supply chain. In its comments, the group urged the agencies to investigate to determine the degree of buyer power the concentrated beef packers exercise over those feedlots – in particular, the 77 largest feedlots. The agencies asked for public comments to help them improve enforcement of U.S. antitrust laws regarding both horizontal and vertical mergers.

Ranch group urges FTC, DOJ to investigate vertical integration of cattle feedlots

Senate Agriculture Committee members heard from the beef industry Tuesday regarding the Cattle Price Discovery and Transparency Act. 

The hearing, proceeded by months of debate over the need for increased transparency in cattle marketing, highlighted the vehement opposition to government mandates by a majority of U.S. cattle producers. 

Ethan Lane, National Cattlemen’s Beef Association Vice President of Government Affairs, says, “What is being proposed right now concentrates on what works for one region, it simply doesn’t work for the rest of the country.” 

NCBA opposes a government mandate as it could potentially result in fewer marketing opportunities and less incentive for producers to invest in genetics and innovative production techniques that lead to higher-quality beef. 

NCBA “stands committed to turning the focus to solutions with broad industry support,” such as a cattle contract library, 14-day delivery, expedited carcass weight reporting, daily formula base price reporting, and incentives for expanding regional processing capacity.

Senate Agriculture Committee members heard from the beef industry Tuesday regarding the Cattle Price Discovery and Transparency Act. The hearing, proceeded by months of debate over the need for increased transparency in cattle marketing, highlighted the vehement opposition to government mandates by a majority of U.S. cattle producers. Ethan Lane, National Cattlemen’s Beef Association Vice President of Government Affairs, says, “What is being proposed right now concentrates on what works for one region, it simply doesn’t work for the rest of the country.” NCBA opposes a government mandate as it could potentially result in fewer marketing opportunities and less incentive for producers to invest in genetics and innovative production techniques that lead to higher-quality beef. NCBA “stands committed to turning the focus to solutions with broad industry support,” such as a cattle contract library, 14-day delivery, expedited carcass weight reporting, daily formula base price reporting, and incentives for expanding regional processing capacity.

NCBA: Opposition to government mandate amplified through senate hearing

U.S. Trade Representative Katherine Tai met with her counterpart in the United Kingdom this week as part of the second U.S.-UK trade dialogue. 

While not official trade negotiations, the dialogues focus on the future of trade between the two countries. 

Ambassador Tai and UK Secretary of State Anne-Marie Trevelyan hosted a series of roundtable discussions with a group of stakeholders from the U.S. and UK business community. 

The trade officials agreed to build resilience in supply chains, address the global trade impacts of Russia's invasion of Ukraine, and promote environmental protection, among other topics. 

Drawing on the stakeholder discussions and bilateral talks, the duo directed their teams to work at pace over the next several weeks to develop an ambitious roadmap with economically meaningful outcomes in these areas. 

Other focus areas include labor and environmental standards, promoting innovation, and economic growth. Tai and Trevelyan previously held a similar trade dialogue in March.

U.S. Trade Representative Katherine Tai met with her counterpart in the United Kingdom this week as part of the second U.S.-UK trade dialogue. While not official trade negotiations, the dialogues focus on the future of trade between the two countries. Ambassador Tai and UK Secretary of State Anne-Marie Trevelyan hosted a series of roundtable discussions with a group of stakeholders from the U.S. and UK business community. The trade officials agreed to build resilience in supply chains, address the global trade impacts of Russia's invasion of Ukraine, and promote environmental protection, among other topics. Drawing on the stakeholder discussions and bilateral talks, the duo directed their teams to work at pace over the next several weeks to develop an ambitious roadmap with economically meaningful outcomes in these areas. Other focus areas include labor and environmental standards, promoting innovation, and economic growth. Tai and Trevelyan previously held a similar trade dialogue in March.

USTR Tai holds trade dialogue with United Kingdom

Scientists with USDA’s Agriculture Research Service Monday announced that a vaccine candidate for African swine fever passed an important safety test required for regulatory approval. 

The successful safety test moves the vaccine one step closer to commercial availability. 

The new results show that USDA's vaccine candidate does not revert to its normal virulence, after being injected into swine. 

This "reversion to virulence" test is required to ensure that the vaccine's weakened form of the ASF virus does not revert to its original state. The safety studies are necessary to gain approval for use in Vietnam and eventually in other countries around the world. 

However, future commercial use will depend on approval from the department of animal health within each requesting country.&nbsp;&nbsp;Further development will continue once the vaccine candidate receives regulatory approval from Vietnam. Although the virus is causing profound economic losses to the swine industry, there have not been any outbreaks in the United States.

Scientists with USDA’s Agriculture Research Service Monday announced that a vaccine candidate for African swine fever passed an important safety test required for regulatory approval. The successful safety test moves the vaccine one step closer to commercial availability. The new results show that USDA's vaccine candidate does not revert to its normal virulence, after being injected into swine. This "reversion to virulence" test is required to ensure that the vaccine's weakened form of the ASF virus does not revert to its original state. The safety studies are necessary to gain approval for use in Vietnam and eventually in other countries around the world. However, future commercial use will depend on approval from the department of animal health within each requesting country.&nbsp;&nbsp;Further development will continue once the vaccine candidate receives regulatory approval from Vietnam. Although the virus is causing profound economic losses to the swine industry, there have not been any outbreaks in the United States.