The Energy Information Administration says ethanol output fell to its lowest level in three months while inventories rose slightly during the week that ended on September 13. The agency said production sank to an average of 1.04 million barrels a day, down from 1.09 million barrels a day the previous week. It’s also the lowest output since the middle of June. 

The Midwest, which produces the most ethanol of any region in the country, saw production drop to an average of 986,000 barrels a day from 1.02 million the week prior. That’s the lowest point in the region since June 7th. That was the entirety of the losses as Gulf Coast production rose to an average of 28,000 barrels a day, East Coast output was unchanged at 12,000 barrels a day, and Rocky Mountain production was steady at 14,000 barrels. West Coast production remained at an average of 9,000 barrels per day.

The Energy Information Administration says ethanol output fell to its lowest level in three months while inventories rose slightly during the week that ended on September 13. The agency said production sank to an average of 1.04 million barrels a day, down from 1.09 million barrels a day the previous week. It’s also the lowest output since the middle of June. The Midwest, which produces the most ethanol of any region in the country, saw production drop to an average of 986,000 barrels a day from 1.02 million the week prior. That’s the lowest point in the region since June 7th. That was the entirety of the losses as Gulf Coast production rose to an average of 28,000 barrels a day, East Coast output was unchanged at 12,000 barrels a day, and Rocky Mountain production was steady at 14,000 barrels. West Coast production remained at an average of 9,000 barrels per day.-NAFB

Ethanol production falls to near three-Month low

Kicking off an expected loosening of U.S. monetary policy, the Federal Reserve cut interest rates by half a percentage point on Wednesday. The move brings a larger-than-normal reduction in the cost of borrowing, which followed growing concern about the health of America’s job market. Reports show that the higher interest rates have hit the agricultural sector much harder than the rest of the U.S. economy. 

Kicking off an expected loosening of U.S. monetary policy, the Federal Reserve cut interest rates by half a percentage point on Wednesday. The move brings a larger-than-normal reduction in the cost of borrowing, which followed growing concern about the health of America’s job market. Reports show that the higher interest rates have hit the agricultural sector much harder than the rest of the U.S. economy.

Fed cuts interest rates, some relief for agriculture

A judge in Missouri dismissed a lawsuit accusing agricultural giants like Bayer, Corteva, Syngenta, and others of price fixing. The suit accused the companies of conspiring with wholesalers and retail outlets to fix prices for seeds and crop protection chemicals, forcing farmers to pay higher prices. A St. Louis-based judge says that the farmers and other plaintiffs failed to present sufficient allegations that the companies had violated U.S. antitrust laws. 

A judge in Missouri dismissed a lawsuit accusing agricultural giants like Bayer, Corteva, Syngenta, and others of price fixing. The suit accused the companies of conspiring with wholesalers and retail outlets to fix prices for seeds and crop protection chemicals, forcing farmers to pay higher prices. A St. Louis-based judge says that the farmers and other plaintiffs failed to present sufficient allegations that the companies had violated U.S. antitrust laws.

Judge dismisses price-fixing suit 

Efforts to keep AM radio in the dashboards of U.S. vehicles have taken a step forward in the House. The House Energy and Commerce Committee voted 45-2 to send the proposed AM Radio for Every Vehicle Act to the full House for a vote. “It’s been a stalwart of American prosperity and information sharing,” says Representative Jeff Duncan (R-SC). “Having AM radio available is important to my constituents, especially during emergencies.” 

If passed by the full House, the proposed Act would require the Secretary of Transportation to issue a rule requiring access to AM broadcast stations in motor vehicles. If they don’t, automakers would get fined. The role of AM during natural disasters was cited by several lawmakers as they spoke during the bill’s markup, noting that the Federal Emergency Management Agency spent millions solidifying the Emergency Alert System with AM radio as the backbone of the EAS.

Efforts to keep AM radio in the dashboards of U.S. vehicles have taken a step forward in the House. The House Energy and Commerce Committee voted 45-2 to send the proposed AM Radio for Every Vehicle Act to the full House for a vote. “It’s been a stalwart of American prosperity and information sharing,” says Representative Jeff Duncan (R-SC). “Having AM radio available is important to my constituents, especially during emergencies.” If passed by the full House, the proposed Act would require the Secretary of Transportation to issue a rule requiring access to AM broadcast stations in motor vehicles. If they don’t, automakers would get fined. The role of AM during natural disasters was cited by several lawmakers as they spoke during the bill’s markup, noting that the Federal Emergency Management Agency spent millions solidifying the Emergency Alert System with AM radio as the backbone of the EAS.-NAFB

AM Radio bill moves to house floor

Kansas Senator Jerry Moran, a critic of Senate Ag Chair Debbie Stabenow, told more than 250 people that he had an optimistic moment after speaking with her on the Senate floor. He points out that Stabenow and other Committee leaders are recognizing just how dire the economic situation is for U.S. farmers and that they can’t wait for Congress to reach an agreement on a five-year farm bill. 

Kansas Senator Jerry Moran, a critic of Senate Ag Chair Debbie Stabenow, told more than 250 people that he had an optimistic moment after speaking with her on the Senate floor. He points out that Stabenow and other Committee leaders are recognizing just how dire the economic situation is for U.S. farmers and that they can’t wait for Congress to reach an agreement on a five-year farm bill.

Farm bill stays in limbo, lawmakers considering farm aid

While the 2024 Farm Bill has been stalled for multiple months, the legislative logjam is showing a few signs of breaking after key ag groups took to Capitol Hill last week to share the economic reality facing farmers and ranchers. In a letter last week to House Ag Committee Democrats, Ranking Member David Scott said, “We all know that Congress needs pressure to act. That’s why Chairman Thompson, Chairwoman Stabenow, Ranking Member Boozman, and I agree that we are better off without another extension at this point.” 

After he met with farmers, Scott said if it looks like Congress won’t be able to pass a farm bill, they asked him if Congress would consider doing a two-year ad hoc package that would bolster the safety net for the 2024 and 2025 crop years. Scott added, “Farmers need the certainty and support, and we need to step up to this challenge.”

While the 2024 Farm Bill has been stalled for multiple months, the legislative logjam is showing a few signs of breaking after key ag groups took to Capitol Hill last week to share the economic reality facing farmers and ranchers. In a letter last week to House Ag Committee Democrats, Ranking Member David Scott said, “We all know that Congress needs pressure to act. That’s why Chairman Thompson, Chairwoman Stabenow, Ranking Member Boozman, and I agree that we are better off without another extension at this point.” After he met with farmers, Scott said if it looks like Congress won’t be able to pass a farm bill, they asked him if Congress would consider doing a two-year ad hoc package that would bolster the safety net for the 2024 and 2025 crop years. Scott added, “Farmers need the certainty and support, and we need to step up to this challenge.”-NAFB

Cracks showing in the farm bill logjam

Moms for America, a Missouri-based national conservative advocacy group that focuses on pro-family issues, went to Capitol Hill last week to discuss their opposition to the EATS Act. They say House Bill 4417 and Senate Bill 209 would “hand American pork and other production over to the Chinese multi-national conglomerates like Smithfield and the global meat cartel.” 

Moms for America, a Missouri-based national conservative advocacy group that focuses on pro-family issues, went to Capitol Hill last week to discuss their opposition to the EATS Act. They say House Bill 4417 and Senate Bill 209 would “hand American pork and other production over to the Chinese multi-national conglomerates like Smithfield and the global meat cartel.”

Moms flood capitol hill to oppose EATS act

As farmers wrap up the current crop year and begin planning for 2025, one of the more crucial first steps in preparing for a successful crop season is securing farm leasing arrangements. In the Midwest, farm lease negotiations typically begin in August and ramp up as fall sets in. Tenants often prefer to finalize lease terms early to facilitate timely purchases of inputs and to start field operations promptly after harvest. 

As farmers wrap up the current crop year and begin planning for 2025, one of the more crucial first steps in preparing for a successful crop season is securing farm leasing arrangements. In the Midwest, farm lease negotiations typically begin in August and ramp up as fall sets in. Tenants often prefer to finalize lease terms early to facilitate timely purchases of inputs and to start field operations promptly after harvest.

Farm leases expected to remain steady or modestly decrease

The bulk exports of soybeans and other agricultural products from the East Coast would not be directly impacted by any potential strike or lockout if an agreement is not achieved between the International Longshoremen’s Association and the U.S. Maritime Alliance. However, containerized exports of soybeans and other agricultural products would be impacted. 

There are several ports along the East Coast. Norfolk, Virginia, was the busiest in 2023, exporting over 1.6 million metric tons of soybeans. To provide some perspective, the Mississippi Gulf Region near New Orleans is the number one export region for soybeans, exporting 27 million metric tons from the region in 2023. “We are starting to see agricultural exporters explore other routes like the West Coast, which will most likely mean at a higher cost and longer transit times,” says Mike Steenhoek of the Soy Transportation Council. “This will be one more cost intrusion into the supply chain.”

The bulk exports of soybeans and other agricultural products from the East Coast would not be directly impacted by any potential strike or lockout if an agreement is not achieved between the International Longshoremen’s Association and the U.S. Maritime Alliance. However, containerized exports of soybeans and other agricultural products would be impacted. There are several ports along the East Coast. Norfolk, Virginia, was the busiest in 2023, exporting over 1.6 million metric tons of soybeans. To provide some perspective, the Mississippi Gulf Region near New Orleans is the number one export region for soybeans, exporting 27 million metric tons from the region in 2023. “We are starting to see agricultural exporters explore other routes like the West Coast, which will most likely mean at a higher cost and longer transit times,” says Mike Steenhoek of the Soy Transportation Council. “This will be one more cost intrusion into the supply chain.”-NAFB

Eastern ports face strike prospects

The USDA released its September World Agricultural Supply and Demand Estimates Report that says this month’s 2024-2025 corn outlook is for smaller supplies and a modest decline in ending stocks. Projected beginning stocks are 55 million bushels lower based on increases in exports and corn used for ethanol for 2023-2024. The season-average corn price received by producers was lowered ten cents to $4.10 per bushel. 

The USDA released its September World Agricultural Supply and Demand Estimates Report that says this month’s 2024-2025 corn outlook is for smaller supplies and a modest decline in ending stocks. Projected beginning stocks are 55 million bushels lower based on increases in exports and corn used for ethanol for 2023-2024. The season-average corn price received by producers was lowered ten cents to $4.10 per bushel.

USDA releases September WASDE report

The National Corn Growers Association and the American Soybean Association expressed frustration with a recently released recommendation from the Department of Commerce. The Department is recommending an imposition of preliminary countervailing duty rates on imports of the herbicide 2-4D. The decision comes at the behest of domestic herbicide producer Corteva, who filed a petition earlier this year calling for antidumping and countervailing duties on imports of the herbicide from certain foreign suppliers.

Farmers have said that their demand exceeds the domestic supply of the product, and foreign sources help to fill the gap. “Access to this herbicide is critical for corn growers,” says NCGA President Harold Wolle. “We would welcome all ideas from Corteva on how to ensure that this herbicide is available and affordable for American growers.” Josh Gackle, president of the ASA, says the decision to raise duties on imports is disappointing to soybean growers nationwide.

The National Corn Growers Association and the American Soybean Association expressed frustration with a recently released recommendation from the Department of Commerce. The Department is recommending an imposition of preliminary countervailing duty rates on imports of the herbicide 2-4D. The decision comes at the behest of domestic herbicide producer Corteva, who filed a petition earlier this year calling for antidumping and countervailing duties on imports of the herbicide from certain foreign suppliers.Farmers have said that their demand exceeds the domestic supply of the product, and foreign sources help to fill the gap. “Access to this herbicide is critical for corn growers,” says NCGA President Harold Wolle. “We would welcome all ideas from Corteva on how to ensure that this herbicide is available and affordable for American growers.” Josh Gackle, president of the ASA, says the decision to raise duties on imports is disappointing to soybean growers nationwide.-NAFB

Growers critical of tariff announcements

The House of Representatives passed the “Protecting U.S. Farmland from Foreign Adversaries Act” on Wednesday. Senators Chuck Grassley (R-IA) and Mike Braun (R-IN) introduced a companion bill in the Senate. The legislation would increase scrutiny of foreign bids to purchase U.S. farmland, particularly from adversaries like China, North Korea, Russia, and Iran. It would add the Secretary of Agriculture to the Committee on Foreign Investment in the United States and include the secretary on future transactions involving agricultural land, biotech, product transportation, storage, and processing. 

It would authorize the Secretary to report agricultural land transactions involving foreign persons from China, North Korea, Russia, and Iran. “Chinese ownership of American farmland increased more than 20-fold in the past decade,” Braun says. The amount of American soil in the hands of adversaries will only rise if we don’t implement these restrictions and oversight.” Fourteen other senators also signed on to the legislation.

The House of Representatives passed the “Protecting U.S. Farmland from Foreign Adversaries Act” on Wednesday. Senators Chuck Grassley (R-IA) and Mike Braun (R-IN) introduced a companion bill in the Senate. The legislation would increase scrutiny of foreign bids to purchase U.S. farmland, particularly from adversaries like China, North Korea, Russia, and Iran. It would add the Secretary of Agriculture to the Committee on Foreign Investment in the United States and include the secretary on future transactions involving agricultural land, biotech, product transportation, storage, and processing. It would authorize the Secretary to report agricultural land transactions involving foreign persons from China, North Korea, Russia, and Iran. “Chinese ownership of American farmland increased more than 20-fold in the past decade,” Braun says. The amount of American soil in the hands of adversaries will only rise if we don’t implement these restrictions and oversight.” Fourteen other senators also signed on to the legislation.-NAFB

House passes bill to protect U.S. farmland

The National Cattlemen’s Beef Association and Public Lands Council announced strong support for the ESA Amendments Act of 2024. This legislation would reform the Endangered Species Act to provide more timely conservation efforts on America’s rangeland. “For too long, the Endangered Species Act has been weaponized to list species under non-science-based criteria to the detriment of real conservation,” says NCBA President Mark Eisele. 

“Farmers and ranchers have witnessed the harm that comes from politically-motivated species listings and the dangers that come from recovered predators that become a direct threat to producers’ personal safety and economic success.” Drovers also says this bill will make the ESA a real tool for conservation, foster transparency and accountability, and ensure that the environmental contributions from farmers and ranchers are properly recognized. As the ESA has had its scope widened over the years, it is now coming in direct conflict with established science on wildlife conservation.

The National Cattlemen’s Beef Association and Public Lands Council announced strong support for the ESA Amendments Act of 2024. This legislation would reform the Endangered Species Act to provide more timely conservation efforts on America’s rangeland. “For too long, the Endangered Species Act has been weaponized to list species under non-science-based criteria to the detriment of real conservation,” says NCBA President Mark Eisele. “Farmers and ranchers have witnessed the harm that comes from politically-motivated species listings and the dangers that come from recovered predators that become a direct threat to producers’ personal safety and economic success.” Drovers also says this bill will make the ESA a real tool for conservation, foster transparency and accountability, and ensure that the environmental contributions from farmers and ranchers are properly recognized. As the ESA has had its scope widened over the years, it is now coming in direct conflict with established science on wildlife conservation.

Groups support ESA amendments act

The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) launched a collection of interactive maps to allow data users to access key Census of Agriculture information. The newly redesigned Ag Census Web Maps application offers the public access to maps and accompanying data to help visualize, download and analyze Census of Agriculture data down to the county level. 

The app parses maps and statistics from the 2022 census across a number of categories including crops, producers and economics. NASS Administrator Joseph Parsons says it allows customizable ways to access the Census of Agriculture data in a way no other product can. He says for example, a user can show average value of agricultural products sold per farm, or view a county’s data for a given category. In preparation for the 2027 Census of Ag, NASS is already asking for content change suggestions and for new producers who did not receive a 2022 Census of Agriculture questionnaire last year to sign up to be counted. Both forms can be found at <a href="https://www.nass.usda.gov/">nass.usda.gov.</a>

The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) launched a collection of interactive maps to allow data users to access key Census of Agriculture information. The newly redesigned Ag Census Web Maps application offers the public access to maps and accompanying data to help visualize, download and analyze Census of Agriculture data down to the county level. The app parses maps and statistics from the 2022 census across a number of categories including crops, producers and economics. NASS Administrator Joseph Parsons says it allows customizable ways to access the Census of Agriculture data in a way no other product can. He says for example, a user can show average value of agricultural products sold per farm, or view a county’s data for a given category. In preparation for the 2027 Census of Ag, NASS is already asking for content change suggestions and for new producers who did not receive a 2022 Census of Agriculture questionnaire last year to sign up to be counted. Both forms can be found at <a href="https://www.nass.usda.gov/">nass.usda.gov.</a>

USDA launches interactive census of ag maps

The Missouri Agricultural and Small Business Development Authority (MASBDA) is now accepting applications for funding through the Show-Me Entrepreneurial Grants for Agriculture (SEGA) Innovation Grant Program. The SEGA Innovation Grant Program was created in 2019 by the Missouri Food, Beverage, and Forest Products Manufacturing Task Force, chaired by Lieutenant Governor Mike Kehoe. Grants are funded by an appropriation from the Missouri General Assembly to encourage value-added agriculture innovation in the state.

The program provides funding in the form of grants to producers, businesses, organizations and cooperatives for facilities, equipment, upgrades, services, coordinated efforts and cooperative marketing directly related to increasing value-added agriculture.

The minimum grant award is $50,000 and the maximum grant award is $250,000. Recipients are required to meet a minimum 25% cash match for funded projects. Missouri entities seeking to add value to agricultural products may submit applications until Oct. 4, 2024.

The Missouri Agricultural and Small Business Development Authority (MASBDA) is now accepting applications for funding through the Show-Me Entrepreneurial Grants for Agriculture (SEGA) Innovation Grant Program. The SEGA Innovation Grant Program was created in 2019 by the Missouri Food, Beverage, and Forest Products Manufacturing Task Force, chaired by Lieutenant Governor Mike Kehoe. Grants are funded by an appropriation from the Missouri General Assembly to encourage value-added agriculture innovation in the state.The program provides funding in the form of grants to producers, businesses, organizations and cooperatives for facilities, equipment, upgrades, services, coordinated efforts and cooperative marketing directly related to increasing value-added agriculture.The minimum grant award is $50,000 and the maximum grant award is $250,000. Recipients are required to meet a minimum 25% cash match for funded projects. Missouri entities seeking to add value to agricultural products may submit applications until Oct. 4, 2024.

MASBDA announces grant opportunities for agriculture

U.S. beef exports continued building momentum in July. USDA data says July beef exports totaled  more than 110,000 metric tons, up seven percent from a year ago and the second largest of 2024. Export value rose 12 percent to $910.0 million, also the second-highest this year. July growth was fueled by higher demand in Japan, Taiwan, Mexico, and the Middle East regions. 

U.S. beef exports continued building momentum in July. USDA data says July beef exports totaled more than 110,000 metric tons, up seven percent from a year ago and the second largest of 2024. Export value rose 12 percent to $910.0 million, also the second-highest this year. July growth was fueled by higher demand in Japan, Taiwan, Mexico, and the Middle East regions.

U.S. beef exports continued building momentum

Vitaetom, a Belgium company specializing in organic greenhouse-grown vegetables, recently introduced a new organic variety of tomatoes called Ruby Red. This deep red plum tomato is a first in the organic market, and its cultivation earned Koen Van Hauteghem, the third-generation owner of Vitaetom, a nomination for the BioVLAM 2024 award. HortiDaily reports adapting the Ruby Red to organic farming was challenging due to differences in planting methods and soil requirements compared to conventional practices. 

The Ruby Reds are grown directly in the soil within heated greenhouses, which required adjustments in planting density and fertilization methods to ensure the best growth. Despite the challenges, Van Hauteghem is optimistic about the tomato's potential, noting its excellent flavor and shelf life, which helps reduce food waste. The first harvest has been well-received, leading to plans for expanding the cultivation area significantly next year.

Vitaetom, a Belgium company specializing in organic greenhouse-grown vegetables, recently introduced a new organic variety of tomatoes called Ruby Red. This deep red plum tomato is a first in the organic market, and its cultivation earned Koen Van Hauteghem, the third-generation owner of Vitaetom, a nomination for the BioVLAM 2024 award. HortiDaily reports adapting the Ruby Red to organic farming was challenging due to differences in planting methods and soil requirements compared to conventional practices. The Ruby Reds are grown directly in the soil within heated greenhouses, which required adjustments in planting density and fertilization methods to ensure the best growth. Despite the challenges, Van Hauteghem is optimistic about the tomato's potential, noting its excellent flavor and shelf life, which helps reduce food waste. The first harvest has been well-received, leading to plans for expanding the cultivation area significantly next year.-NAFB

New organic tomato shows promise

Ag Secretary Tom Vilsack announced more than $7.3 billion in financing for rural electric cooperatives to build clean energy for rural communities through the Empowering Rural America (New ERA) program. Speaking in Wisconsin, Vilsack said the 16 initiatives announced Thursday will leverage private investments of more than $29 billion to build more than 10 gigawatts of clean energy for rural communities across the country. He added the programs will collectively reduce and avoid at least 43.7 million tons of greenhouse gases annually. 

“Under the Biden-Harris Administration, we are supporting a more prosperous future for rural communities by speeding up the transition to clean energy while at the same time keeping monthly bills low and investing in the American workforce with new jobs and apprenticeships,” said Secretary Vilsack. “One in five rural Americans will benefit from these clean energy investments, thanks to partnerships with rural electric cooperatives like Dairyland. Put simply, this is rural power, for rural America.”

Ag Secretary Tom Vilsack announced more than $7.3 billion in financing for rural electric cooperatives to build clean energy for rural communities through the Empowering Rural America (New ERA) program. Speaking in Wisconsin, Vilsack said the 16 initiatives announced Thursday will leverage private investments of more than $29 billion to build more than 10 gigawatts of clean energy for rural communities across the country. He added the programs will collectively reduce and avoid at least 43.7 million tons of greenhouse gases annually. “Under the Biden-Harris Administration, we are supporting a more prosperous future for rural communities by speeding up the transition to clean energy while at the same time keeping monthly bills low and investing in the American workforce with new jobs and apprenticeships,” said Secretary Vilsack. “One in five rural Americans will benefit from these clean energy investments, thanks to partnerships with rural electric cooperatives like Dairyland. Put simply, this is rural power, for rural America.”-NAFB

USDA announces $7 billion in rural clean energy initiatives

An emergency order is in effect through September 13 due to wildfires in Wyoming. Under this order, certain requirements are waived pertaining to operating time as well as the transportation of oversized or overweight loads of livestock and livestock feed. Wildfires have burned over 100,000 acres in Wyoming, while low humidity and high temperatures make it worse. 

“Hazardous conditions created a shortage of livestock feed in Wyoming, including depleted pasture grass and natural feed supplies in many parts of the state resulting in inadequate livestock forage,” the order says. “Easing restrictions to transport loads of livestock and livestock feed is necessary to provide assistance to the fire-stricken areas.” However, livestock feed and livestock transportation companies operating under Wyoming’s wildfire emergency order shall not require or allow any fatigued driver to operate a vehicle. A driver who informs their carrier they need rest should be given adequate rest before returning to work.

An emergency order is in effect through September 13 due to wildfires in Wyoming. Under this order, certain requirements are waived pertaining to operating time as well as the transportation of oversized or overweight loads of livestock and livestock feed. Wildfires have burned over 100,000 acres in Wyoming, while low humidity and high temperatures make it worse. “Hazardous conditions created a shortage of livestock feed in Wyoming, including depleted pasture grass and natural feed supplies in many parts of the state resulting in inadequate livestock forage,” the order says. “Easing restrictions to transport loads of livestock and livestock feed is necessary to provide assistance to the fire-stricken areas.” However, livestock feed and livestock transportation companies operating under Wyoming’s wildfire emergency order shall not require or allow any fatigued driver to operate a vehicle. A driver who informs their carrier they need rest should be given adequate rest before returning to work.-NAFB

Wyoming wildfires trigger ag emergency order

Farmland values in states like Illinois remain sold. Central and Southern Illinois land values increased 7.49 percent on average from last year. That’s according to a 2024 study of 22 benchmark farms by the Farm Credit Illinois appraisal team. Eighteen of the 22 benchmark farms increased in value, and four remained unchanged. Results across all land classes showed considerable variation, reinforcing that agricultural real estate is a location-specific asset. 

When considering the individual benchmark values, the average year-over-year percentage changes across the four land classes ranged from 3.6 to 14.05 percent. “Farmland values remain strong despite higher interest rates and lower commodity prices,” says Kent Reid, Farm Credit Illinois Chief Appraiser. “Values remain consistent with the peaks set in 2023 due to constant demand for Illinois farmland coupled with limited supply of farms.” Interest rates, higher cash rents, and lower commodity prices could affect land values in the coming year.

Farmland values in states like Illinois remain sold. Central and Southern Illinois land values increased 7.49 percent on average from last year. That’s according to a 2024 study of 22 benchmark farms by the Farm Credit Illinois appraisal team. Eighteen of the 22 benchmark farms increased in value, and four remained unchanged. Results across all land classes showed considerable variation, reinforcing that agricultural real estate is a location-specific asset. When considering the individual benchmark values, the average year-over-year percentage changes across the four land classes ranged from 3.6 to 14.05 percent. “Farmland values remain strong despite higher interest rates and lower commodity prices,” says Kent Reid, Farm Credit Illinois Chief Appraiser. “Values remain consistent with the peaks set in 2023 due to constant demand for Illinois farmland coupled with limited supply of farms.” Interest rates, higher cash rents, and lower commodity prices could affect land values in the coming year.-NAFB

Farmland values remain strong

Three of California’s dairy farms report cattle infected with Highly Pathogenic Avian Influenza. Wisconsin State Farmer Dot Com says that makes the nation’s top milk-producing state the 14th in the nation to report bird flu in cattle. More than 190 herds have been infected across the nation since March. Federal data says the infections also include 13 dairy and poultry farm workers. The California Department of Food and Agriculture issued a statement saying that no human cases have been confirmed in the state. 

The infected herds are in California’s Central Valley Region and began showing symptoms on August 25. “It’s a tough time for those dairy farmers given the economic challenges they face,” says Karen Ross, California’s Secretary of Agriculture. “We’re approaching this with the utmost urgency and the infected cattle have been quarantined.” Sick cattle are isolated and treated at their farms, while healthy cows are cleared to continue milking.&nbsp;

Three of California’s dairy farms report cattle infected with Highly Pathogenic Avian Influenza. Wisconsin State Farmer Dot Com says that makes the nation’s top milk-producing state the 14th in the nation to report bird flu in cattle. More than 190 herds have been infected across the nation since March. Federal data says the infections also include 13 dairy and poultry farm workers. The California Department of Food and Agriculture issued a statement saying that no human cases have been confirmed in the state. The infected herds are in California’s Central Valley Region and began showing symptoms on August 25. “It’s a tough time for those dairy farmers given the economic challenges they face,” says Karen Ross, California’s Secretary of Agriculture. “We’re approaching this with the utmost urgency and the infected cattle have been quarantined.” Sick cattle are isolated and treated at their farms, while healthy cows are cleared to continue milking.&nbsp;

HPAI spreads to three California dairy herds

University of Missouri researchers are working to develop the first-ever vaccine proven to protect cattle from a devastating tick-borne disease called bovine anaplasmosis. The research is vital to a state like Missouri, which has a $1.6 billion cattle industry. Bovine anaplasmosis infects the red blood cells of cattle and causes hundreds of millions in economic losses nationwide every year and almost $1 billion in worldwide losses.

 Roman Ganta, a University of Missouri researcher, led the study that created the new vaccine. The work involves modifying the pathogen that causes anaplasmosis in a lab. By deleting a specific gene and injecting the modified pathogen into cattle, the vaccinated cattle were successfully immunized against the disease. “I often receive calls from cattle producers who are excited about our research and want to know how soon they can get the vaccine,” Ganta says. “There is currently no widely available effective vaccine against the disease.”

University of Missouri researchers are working to develop the first-ever vaccine proven to protect cattle from a devastating tick-borne disease called bovine anaplasmosis. The research is vital to a state like Missouri, which has a $1.6 billion cattle industry. Bovine anaplasmosis infects the red blood cells of cattle and causes hundreds of millions in economic losses nationwide every year and almost $1 billion in worldwide losses. Roman Ganta, a University of Missouri researcher, led the study that created the new vaccine. The work involves modifying the pathogen that causes anaplasmosis in a lab. By deleting a specific gene and injecting the modified pathogen into cattle, the vaccinated cattle were successfully immunized against the disease. “I often receive calls from cattle producers who are excited about our research and want to know how soon they can get the vaccine,” Ganta says. “There is currently no widely available effective vaccine against the disease.”-NAFB

Missouri researchers working on protecting cattle from tick diseases

The Iowa Utilities Commission has found that Summit Carbon Solutions has substantially complied with the requirements of a June 25 order regarding the company’s application for a hazardous liquid pipeline permit. Last week, the IUC issued the permit. The order doesn’t modify the conditions Summit Carbon must establish in order to start construction. On June 25, 2024 the IUC issued its final decision and order regarding Summit Carbon’s petition for a hazardous liquid pipeline permit. 

As a part of its decision, the Commission required Summit Carbon to make several compliance filings with the IUC. Summit Carbon filed the compliance filings required by the IUC on August 5. The filings included revised petition exhibits. The pipeline will cross over 2,000 miles in five states, including 70 miles in Iowa. In planning the pipeline, Summit partnered with 57 ethanol plants and signed voluntary easement agreements with 75 percent of Iowa’s landowners along the route.

The Iowa Utilities Commission has found that Summit Carbon Solutions has substantially complied with the requirements of a June 25 order regarding the company’s application for a hazardous liquid pipeline permit. Last week, the IUC issued the permit. The order doesn’t modify the conditions Summit Carbon must establish in order to start construction. On June 25, 2024 the IUC issued its final decision and order regarding Summit Carbon’s petition for a hazardous liquid pipeline permit. As a part of its decision, the Commission required Summit Carbon to make several compliance filings with the IUC. Summit Carbon filed the compliance filings required by the IUC on August 5. The filings included revised petition exhibits. The pipeline will cross over 2,000 miles in five states, including 70 miles in Iowa. In planning the pipeline, Summit partnered with 57 ethanol plants and signed voluntary easement agreements with 75 percent of Iowa’s landowners along the route.

Iowa utilities issues pipeline permit

The University of Missouri’s Food and Agricultural Policy Research Institute released its 2024 Baseline Update for U.S. agricultural markets. Increased supplies, a strong dollar, and several other factors have caused prices for multiple agricultural commodities to fall sharply from their 2022 peak levels. In the absence of new shocks to the weather, the macro-economy, or policy, projected prices will generally remain near current levels for the next five years. 

Some of the key results in the update include increased acreage and large yields that will mean a record 2024 U.S. soybean crop. Despite a significant jump in crush and a rebound in exports, end-of-year stocks will increase sharply. Record yield will result in the second consecutive 15 billion bushel corn crop this year. Given the projected reduction in prices for a broad range of crops and moderating production costs, there’s little incentive to sharply change crop acreage allocation in 2025.

The University of Missouri’s Food and Agricultural Policy Research Institute released its 2024 Baseline Update for U.S. agricultural markets. Increased supplies, a strong dollar, and several other factors have caused prices for multiple agricultural commodities to fall sharply from their 2022 peak levels. In the absence of new shocks to the weather, the macro-economy, or policy, projected prices will generally remain near current levels for the next five years. Some of the key results in the update include increased acreage and large yields that will mean a record 2024 U.S. soybean crop. Despite a significant jump in crush and a rebound in exports, end-of-year stocks will increase sharply. Record yield will result in the second consecutive 15 billion bushel corn crop this year. Given the projected reduction in prices for a broad range of crops and moderating production costs, there’s little incentive to sharply change crop acreage allocation in 2025.-NAFB

FAPRI updates baseline for U.S. ag markets

Members of the Mid Buchanan and DeKalb FFA Chapters joined more than 725 FFA members and agricultural leaders at the Missouri State Fair on Tuesday, August 13, for the Missouri State FFA Food Insecurity Day of Service. The event is held in conjunction with the Missouri Farmers Care Foundation Drive to Feed Kids, a year-long effort to stand in the gap for the one in seven Missouri children facing food insecurity. During the eighth annual Day of Service, FFA members from 88 chapters joined agricultural leaders to pack family-sized portions of single dish meals to help neighbors in need. Together, members packed 193,084 meals for food insecure Missouri families.

In addition to meals packed by FFA members, 626 pounds of fresh produce were donated from award-winning exhibits at the Missouri FFA building. Through the Missouri Farmers Care Food

Drive $2 Tuesday at the Fair, FFA member volunteers collected food and monetary donations from fairgoers to provide more than 49,840 meals. In addition to the activities at the Missouri State Fair, Missouri FFA members statewide participated in the Drive to Feed Kids earlier this year through the Missouri Farmers Care 4-H and FFA Mini Grant Program. Between January and May, eleven chapters used matching grant resources to provide over 15,000 meals in their communities.

Members of the Mid Buchanan and DeKalb FFA Chapters joined more than 725 FFA members and agricultural leaders at the Missouri State Fair on Tuesday, August 13, for the Missouri State FFA Food Insecurity Day of Service. The event is held in conjunction with the Missouri Farmers Care Foundation Drive to Feed Kids, a year-long effort to stand in the gap for the one in seven Missouri children facing food insecurity. During the eighth annual Day of Service, FFA members from 88 chapters joined agricultural leaders to pack family-sized portions of single dish meals to help neighbors in need. Together, members packed 193,084 meals for food insecure Missouri families.In addition to meals packed by FFA members, 626 pounds of fresh produce were donated from award-winning exhibits at the Missouri FFA building. Through the Missouri Farmers Care FoodDrive $2 Tuesday at the Fair, FFA member volunteers collected food and monetary donations from fairgoers to provide more than 49,840 meals. In addition to the activities at the Missouri State Fair, Missouri FFA members statewide participated in the Drive to Feed Kids earlier this year through the Missouri Farmers Care 4-H and FFA Mini Grant Program. Between January and May, eleven chapters used matching grant resources to provide over 15,000 meals in their communities.