U.S. farm establishments received 14.5 cents per dollar spent on domestically produced food in 2021—a decrease of 1.0 cent from a revised 15.5 cents in 2020. 

The figure is the lowest recorded farm share value in nearly three decades, according to USDA’s Economic Research Service. 

The remaining portion of the food dollar—known as the marketing share—covers the costs of getting domestically produced food from farms to points of purchase, including costs related to packaging, transporting, processing, and selling to consumers. 

One contributor to the 2021 decline in farm share was a shift to food-away-from-home spending. Farm establishments typically receive a smaller share of food-away-from-home spending because of the large amount of value added by outlets such as restaurants. 

As a result, the farm share generally decreases when food-away-from-home spending increases faster year-over-year than food-at-home spending. Food-away-from-home spending increased markedly in 2021 after a sharp decrease early in the COVID-19 pandemic.

U.S. farm establishments received 14.5 cents per dollar spent on domestically produced food in 2021—a decrease of 1.0 cent from a revised 15.5 cents in 2020. The figure is the lowest recorded farm share value in nearly three decades, according to USDA’s Economic Research Service. The remaining portion of the food dollar—known as the marketing share—covers the costs of getting domestically produced food from farms to points of purchase, including costs related to packaging, transporting, processing, and selling to consumers. One contributor to the 2021 decline in farm share was a shift to food-away-from-home spending. Farm establishments typically receive a smaller share of food-away-from-home spending because of the large amount of value added by outlets such as restaurants. As a result, the farm share generally decreases when food-away-from-home spending increases faster year-over-year than food-at-home spending. Food-away-from-home spending increased markedly in 2021 after a sharp decrease early in the COVID-19 pandemic.

Farm share of U.S. food dollar reached historic low in 2021

The Department of Agriculture’s Foreign Agricultural Service Associate Administrator Clay Hamilton arrived Monday in Madrid to launch a USDA agribusiness trade mission to Spain. 

More than 70 participants, representing various sectors of U.S. food and agriculture, including businesses, trade associations, and state government, join this trade mission to explore export opportunities for U.S. agricultural products to Spain. 

Hamilton says, “Spanish consumers and food processors are increasingly interested in sustainably produced goods, which gives U.S. producers a marketing edge over other export suppliers.” 

Hamilton notes that USDA sees the demand for consumer-ready products steadily increasing, presenting an opportunity for U.S. exports. Trade mission participants will have an opportunity to connect with potential customers and learn the mechanics of exporting to Spain. 

In addition, importers from the neighboring Portugal have also been invited to participate, allowing the U.S. exporters to learn about opportunities in that country as well.

The Department of Agriculture’s Foreign Agricultural Service Associate Administrator Clay Hamilton arrived Monday in Madrid to launch a USDA agribusiness trade mission to Spain. More than 70 participants, representing various sectors of U.S. food and agriculture, including businesses, trade associations, and state government, join this trade mission to explore export opportunities for U.S. agricultural products to Spain. Hamilton says, “Spanish consumers and food processors are increasingly interested in sustainably produced goods, which gives U.S. producers a marketing edge over other export suppliers.” Hamilton notes that USDA sees the demand for consumer-ready products steadily increasing, presenting an opportunity for U.S. exports. Trade mission participants will have an opportunity to connect with potential customers and learn the mechanics of exporting to Spain. In addition, importers from the neighboring Portugal have also been invited to participate, allowing the U.S. exporters to learn about opportunities in that country as well.

USDA kicks off Spain trade mission delegation

For the third straight week, the nation’s average gas price declined, falling 12.4 cents from a week ago to $3.52 per gallon. 

The national average is down 22.7 cents from a month ago and 14.1 cents per gallon higher than a year ago. 

The national average price of diesel fell 7.9 cents in the last week and stands at $5.20 per gallon. 

GasBuddy’s Patrick De Haan says, “All the metrics look very positive for motorists as this week is likely to continue seeing falling gasoline prices, with many areas falling to the lowest level since Russia’s invasion of Ukraine in February.”&nbsp;&nbsp;The national average could fall under $3 per gallon by Christmas, according to De Haan. 

The bears have run rampant through oil markets, with prices continuing to come under heavy selling pressure as China sees protests for its zero-Covid policies, shutdowns of major cities, and U.S. demand facing seasonal pressure. U.S. retail gasoline demand fell last five percent as motorists pre-filled up and celebrated Thanksgiving.

For the third straight week, the nation’s average gas price declined, falling 12.4 cents from a week ago to $3.52 per gallon. The national average is down 22.7 cents from a month ago and 14.1 cents per gallon higher than a year ago. The national average price of diesel fell 7.9 cents in the last week and stands at $5.20 per gallon. GasBuddy’s Patrick De Haan says, “All the metrics look very positive for motorists as this week is likely to continue seeing falling gasoline prices, with many areas falling to the lowest level since Russia’s invasion of Ukraine in February.”&nbsp;&nbsp;The national average could fall under $3 per gallon by Christmas, according to De Haan. The bears have run rampant through oil markets, with prices continuing to come under heavy selling pressure as China sees protests for its zero-Covid policies, shutdowns of major cities, and U.S. demand facing seasonal pressure. U.S. retail gasoline demand fell last five percent as motorists pre-filled up and celebrated Thanksgiving.

Gas and diesel prices fall over Thanksgiving

The USDA’s National Agricultural Statistics Service is seeking nominations for the Advisory Committee on Agricultural Statistics. 

Members of this committee advise the Ag Secretary on the scope, timing, and content of periodic agricultural censuses, surveys of agriculture, and other related industries. 

The committee also makes recommendations on the content of agriculture reports and represents the views and data needs of suppliers and users of ag statistics. 

“The Advisory Committee has long played an important role within our agency,” says NASS Administrator Hubert Hamer. “The valuable insights and recommendations from the committee have helped shape NASS programs and ensure we continue to meet the needs of data and statistics.” 

The committee, appointed by the Ag Secretary, consists of 22 members representing multiple disciplines and interests, including ag producers, national farm organizations, ag economists, and many others. Nominations are due by December 7, and for more details, go to the NASS Advisory Committee website.

The USDA’s National Agricultural Statistics Service is seeking nominations for the Advisory Committee on Agricultural Statistics. Members of this committee advise the Ag Secretary on the scope, timing, and content of periodic agricultural censuses, surveys of agriculture, and other related industries. The committee also makes recommendations on the content of agriculture reports and represents the views and data needs of suppliers and users of ag statistics. “The Advisory Committee has long played an important role within our agency,” says NASS Administrator Hubert Hamer. “The valuable insights and recommendations from the committee have helped shape NASS programs and ensure we continue to meet the needs of data and statistics.” The committee, appointed by the Ag Secretary, consists of 22 members representing multiple disciplines and interests, including ag producers, national farm organizations, ag economists, and many others. Nominations are due by December 7, and for more details, go to the NASS Advisory Committee website.

USDA wants nomination for the Advisory Committee on Ag Statistics

Farm loan interest rates increased sharply during the third quarter. 

The Federal Reserve Bank of Kansas City says despite the high borrowing costs, farm real estate values continued higher. 

However, the rate of increase slowed in the quarter. Following consistently higher increases earlier in 2022, the value of farmland in most Districts grew at a slightly slower pace during the third quarter. 

Farm income and credit conditions also remained strong, but the improvement was more limited. With higher production expenses, broad inflation, and higher financing cost, growth in household spending by farm borrowers began to outpace capital spending more noticeably. 

Strong farm finances continued to support a generally positive outlook for agricultural credit conditions through the rest of this year. However, some pressures have continued to intensify. 

Despite more measured improvements in recent quarters, farm finances remained solid following especially-strong incomes across the sector during the past two years.

Farm loan interest rates increased sharply during the third quarter. The Federal Reserve Bank of Kansas City says despite the high borrowing costs, farm real estate values continued higher. However, the rate of increase slowed in the quarter. Following consistently higher increases earlier in 2022, the value of farmland in most Districts grew at a slightly slower pace during the third quarter. Farm income and credit conditions also remained strong, but the improvement was more limited. With higher production expenses, broad inflation, and higher financing cost, growth in household spending by farm borrowers began to outpace capital spending more noticeably. Strong farm finances continued to support a generally positive outlook for agricultural credit conditions through the rest of this year. However, some pressures have continued to intensify. Despite more measured improvements in recent quarters, farm finances remained solid following especially-strong incomes across the sector during the past two years.

Farm loan interest rates rise sharply

OMAHA, Neb. (AP) — Nebraska agriculture officials say another 1.8 million chickens must be killed after bird flu was found on a farm in the latest sign that the outbreak that has already prompted the slaughter of more than 50 million birds nationwide continues to spread.

The Nebraska Department of Agriculture said Saturday that the state's 13th case of bird flu was found on an egg-laying farm in northeast Nebraska's Dixon County, about 120 miles (193 kilometers) north of Omaha, Nebraska..

Just like on other farms where bird flu has been found this year, all the chickens on the Nebraska farm&nbsp;<a href="https://apnews.com/article/health-business-bird-flu-flu-animals-189a7c08d848047f00b3f7b5bec39e67" target="_blank">will be killed</a>&nbsp;to limit the spread of the disease. The U.S. Department of Agriculture says more than 52.3 million birds in 46 states — mostly chickens and turkeys on commercial farms — have been slaughtered as part of this year's outbreak.

Nebraska is second only to&nbsp;<a href="https://apnews.com/article/health-iowa-des-moines-flu-us-department-of-agriculture-822360c4db84ca9917ac615b760b2b53" target="_blank">Iowa’s 15.5 million birds killed</a>&nbsp;with 6.8 million birds now affected at 13 farms.

In most past bird flu outbreaks the virus&nbsp;<a href="https://apnews.com/article/health-flu-prices-animals-1ec0f5a8e5485300fe117f87f8470f06" target="_blank">largely died off</a>&nbsp;during the summer, but this year's version found a way to linger and started to make a&nbsp;<a href="https://apnews.com/article/health-minnesota-animals-flu-animal-2f02b2d35e82feb05273d9a72e898170" target="_blank">resurgence</a>&nbsp;this fall with more than 6 million birds killed in September.

The virus is primarily spread by wild birds as they migrate across the country. Wild birds can often carry the disease without showing symptoms. The virus spreads through droppings or the nasal discharge of an infected bird, which can contaminate dust and soil.

Commercial farms have taken&nbsp;<a href="https://apnews.com/article/science-health-business-iowa-agriculture-f5a5c6fbf1d6b551413fb249086fdbec" target="_blank">a number of steps</a>&nbsp;to prevent the virus from infecting their flocks, including requiring workers to change clothes before entering barns and sanitizing trucks as they enter the farm, but the disease can be difficult to control.&nbsp;<a href="https://apnews.com/article/health-animals-flu-bird-2e2c3be77c8f8fa318ed0877d18bde64" target="_blank">Zoos</a>&nbsp;have also taken precautions and closed some exhibits to protect their birds.

Officials say there is little risk to human health from the virus because human cases are extremely rare and the infected birds aren't allowed to enter the nation's food supply. Plus, any viruses will be killed by properly cooking poultry to 165 degrees Fahrenheit.

But the bird flu outbreak has contributed to the rising prices of chicken and turkey along with the soaring cost of feed and fuel.

OMAHA, Neb. (AP) — Nebraska agriculture officials say another 1.8 million chickens must be killed after bird flu was found on a farm in the latest sign that the outbreak that has already prompted the slaughter of more than 50 million birds nationwide continues to spread.The Nebraska Department of Agriculture said Saturday that the state's 13th case of bird flu was found on an egg-laying farm in northeast Nebraska's Dixon County, about 120 miles (193 kilometers) north of Omaha, Nebraska..Just like on other farms where bird flu has been found this year, all the chickens on the Nebraska farm&nbsp;<a href="https://apnews.com/article/health-business-bird-flu-flu-animals-189a7c08d848047f00b3f7b5bec39e67" target="_blank">will be killed</a>&nbsp;to limit the spread of the disease. The U.S. Department of Agriculture says more than 52.3 million birds in 46 states — mostly chickens and turkeys on commercial farms — have been slaughtered as part of this year's outbreak.Nebraska is second only to&nbsp;<a href="https://apnews.com/article/health-iowa-des-moines-flu-us-department-of-agriculture-822360c4db84ca9917ac615b760b2b53" target="_blank">Iowa’s 15.5 million birds killed</a>&nbsp;with 6.8 million birds now affected at 13 farms.In most past bird flu outbreaks the virus&nbsp;<a href="https://apnews.com/article/health-flu-prices-animals-1ec0f5a8e5485300fe117f87f8470f06" target="_blank">largely died off</a>&nbsp;during the summer, but this year's version found a way to linger and started to make a&nbsp;<a href="https://apnews.com/article/health-minnesota-animals-flu-animal-2f02b2d35e82feb05273d9a72e898170" target="_blank">resurgence</a>&nbsp;this fall with more than 6 million birds killed in September.The virus is primarily spread by wild birds as they migrate across the country. Wild birds can often carry the disease without showing symptoms. The virus spreads through droppings or the nasal discharge of an infected bird, which can contaminate dust and soil.Commercial farms have taken&nbsp;<a href="https://apnews.com/article/science-health-business-iowa-agriculture-f5a5c6fbf1d6b551413fb249086fdbec" target="_blank">a number of steps</a>&nbsp;to prevent the virus from infecting their flocks, including requiring workers to change clothes before entering barns and sanitizing trucks as they enter the farm, but the disease can be difficult to control.&nbsp;<a href="https://apnews.com/article/health-animals-flu-bird-2e2c3be77c8f8fa318ed0877d18bde64" target="_blank">Zoos</a>&nbsp;have also taken precautions and closed some exhibits to protect their birds.Officials say there is little risk to human health from the virus because human cases are extremely rare and the infected birds aren't allowed to enter the nation's food supply. Plus, any viruses will be killed by properly cooking poultry to 165 degrees Fahrenheit.But the bird flu outbreak has contributed to the rising prices of chicken and turkey along with the soaring cost of feed and fuel.

Bird flu prompts slaughter of 1.8M chickens in Nebraska

A broad coalition of energy and agriculture organizations wrote a letter to Congress asking them to adopt legislation that would resolve inconsistent fuel volatility regulations. 

Specifically, the groups expressed support for legislation that would result in equal regulatory treatment for all gasoline blends containing ten percent ethanol or more, including gasoline with a 15 percent blend of ethanol. 

Such legislation would permanently remove the regulatory barrier that has historically made it extremely difficult for retailers to offer E15 in the summer. 

“Our groups have come together for the first time in history to support legislation that will permanently resolve the issue,” the letter says. 

“By ensuring uniformity across the nation’s fuel supply chain, that will provide more flexibility and result in more consistent outcomes than a state-by-state regulatory landscape.” Without the fix, the groups see gasoline marketplace uncertainty and political disputes over E15 that will continue to resurface every summer.

A broad coalition of energy and agriculture organizations wrote a letter to Congress asking them to adopt legislation that would resolve inconsistent fuel volatility regulations. Specifically, the groups expressed support for legislation that would result in equal regulatory treatment for all gasoline blends containing ten percent ethanol or more, including gasoline with a 15 percent blend of ethanol. Such legislation would permanently remove the regulatory barrier that has historically made it extremely difficult for retailers to offer E15 in the summer. “Our groups have come together for the first time in history to support legislation that will permanently resolve the issue,” the letter says. “By ensuring uniformity across the nation’s fuel supply chain, that will provide more flexibility and result in more consistent outcomes than a state-by-state regulatory landscape.” Without the fix, the groups see gasoline marketplace uncertainty and political disputes over E15 that will continue to resurface every summer.

Groups express support for year-round E15

National Farmers Union President Rob Larew says the farmers’ share of the Thanksgiving food dollar continues to stay low. 

“Corporate profits and consumer food costs continue to go up and up, but the farmers’ share of the food dollar is still low,” Larew says. 

“Thanksgiving is a time of family and community, but thanks to price gouging by corporate monopolies in the food system, the holiday meal is getting increasingly difficult to afford.” 

The NFU says the retail price of turkey averages $1.99 a pound, and the farmers’ share is six cents per pound. Two pounds of boneless ham retails for $12.98, with the farmers’ share at one dollar. 

Even though consumers are paying more for food this year, almost none of that increase is getting passed on to America’s family farmers and ranchers. Mega-consolidation in the food sector has made supply chains uncompetitive and resulted in farmers being underpaid.

National Farmers Union President Rob Larew says the farmers’ share of the Thanksgiving food dollar continues to stay low. “Corporate profits and consumer food costs continue to go up and up, but the farmers’ share of the food dollar is still low,” Larew says. “Thanksgiving is a time of family and community, but thanks to price gouging by corporate monopolies in the food system, the holiday meal is getting increasingly difficult to afford.” The NFU says the retail price of turkey averages $1.99 a pound, and the farmers’ share is six cents per pound. Two pounds of boneless ham retails for $12.98, with the farmers’ share at one dollar. Even though consumers are paying more for food this year, almost none of that increase is getting passed on to America’s family farmers and ranchers. Mega-consolidation in the food sector has made supply chains uncompetitive and resulted in farmers being underpaid.

Farmer share of Thanksgiving food dollar stays low in 2022

For the first time, the USDA will collect data on farmers growing hemp and using precision technology in the 2022 Census of Agriculture. 

The agency began regulating hemp production in 2021, and this will be the first census to publish data on those producers, who grow the crop for fabric, food products, and CBD. 

The agency says it will also identify farmers who use “precision agriculture” data-collection technology that guides planting decisions. 

About 70 percent of the nation’s 2.2 million farms responded to the 2017 census. Response rates in recent years have trended downward. Farmers are required by law to fill out the survey, but NASS has no enforcement mechanism. 

Donald Buysse, chief of the census planning branch with NASS, says, “The incentive is the idea you’re providing data as a useful tool for your community.” USDA will collect responses until February 6 and publish the data in February 2024.

For the first time, the USDA will collect data on farmers growing hemp and using precision technology in the 2022 Census of Agriculture. The agency began regulating hemp production in 2021, and this will be the first census to publish data on those producers, who grow the crop for fabric, food products, and CBD. The agency says it will also identify farmers who use “precision agriculture” data-collection technology that guides planting decisions. About 70 percent of the nation’s 2.2 million farms responded to the 2017 census. Response rates in recent years have trended downward. Farmers are required by law to fill out the survey, but NASS has no enforcement mechanism. Donald Buysse, chief of the census planning branch with NASS, says, “The incentive is the idea you’re providing data as a useful tool for your community.” USDA will collect responses until February 6 and publish the data in February 2024.

First Census of Agriculture to collect information on hemp farming

The union representing railroad conductors rejected a White House-brokered deal and a strike could start as soon as December 9. 

The latest rejection comes from the union representing 28,000 conductors, brakemen, and yardmen. 

NPR says the total number of unions rejecting the agreement is four with a combined membership of close to 60,000 workers. 

Eight other unions ratified the deal but could get pulled back into the dispute. NPR says that’s because if one union decides to strike, all of the unions will honor the picket lines. 

The National Grain and Feed Association, the Soy Transportation Coalition, the National Milk Producers Federation, and many other agricultural groups are asking Congress to step in and prevent a shutdown, which would be catastrophic for the U.S. economy. 

The USDA says railroads carry 29 percent of the nation’s soybeans, 33 percent of the corn, and 60 percent of U.S. wheat to export terminals.&nbsp;

The union representing railroad conductors rejected a White House-brokered deal and a strike could start as soon as December 9. The latest rejection comes from the union representing 28,000 conductors, brakemen, and yardmen. NPR says the total number of unions rejecting the agreement is four with a combined membership of close to 60,000 workers. Eight other unions ratified the deal but could get pulled back into the dispute. NPR says that’s because if one union decides to strike, all of the unions will honor the picket lines. The National Grain and Feed Association, the Soy Transportation Coalition, the National Milk Producers Federation, and many other agricultural groups are asking Congress to step in and prevent a shutdown, which would be catastrophic for the U.S. economy. The USDA says railroads carry 29 percent of the nation’s soybeans, 33 percent of the corn, and 60 percent of U.S. wheat to export terminals.&nbsp;

Railroad Conductors Union rejects settlement proposal

More than 30 agribusinesses and farm organizations will visit Madrid, Spain, from November 29 through December 2 during an upcoming USDA trade mission. 

Delegation members will engage directly with potential buyers from Spain and Portugal and receive in-depth market briefs from USDA’s Foreign Agricultural Service and industry trade experts and participate in site visits. 

Spain is the third-largest EU destination for U.S. agricultural products and Portugal is number 11. 

“One of the key goals of this USDA trade mission is to highlight both our commonalities and what truly sets U.S. foods and ingredients apart from our competitors in the region,” says FAS Associate Administrator Clay Hamilton. 

“America’s farmers, ranchers, and producers have a compelling story to tell about the quality and sustainability of their agricultural production, and we are confident that story will resonate with buyers, result in many sales, and provide a boost to the agriculture industry back home.” &nbsp;

More than 30 agribusinesses and farm organizations will visit Madrid, Spain, from November 29 through December 2 during an upcoming USDA trade mission. Delegation members will engage directly with potential buyers from Spain and Portugal and receive in-depth market briefs from USDA’s Foreign Agricultural Service and industry trade experts and participate in site visits. Spain is the third-largest EU destination for U.S. agricultural products and Portugal is number 11. “One of the key goals of this USDA trade mission is to highlight both our commonalities and what truly sets U.S. foods and ingredients apart from our competitors in the region,” says FAS Associate Administrator Clay Hamilton. “America’s farmers, ranchers, and producers have a compelling story to tell about the quality and sustainability of their agricultural production, and we are confident that story will resonate with buyers, result in many sales, and provide a boost to the agriculture industry back home.” &nbsp;

USDA’s trade mission to Spain seeks to boost opportunities

The USDA mailed survey codes to all known U.S. ag producers with the invitation to respond online to the 2022 Census of Agriculture at agcounts.usda.gov. 

The ag census is the nation’s only comprehensive and impartial agriculture data for every state, county, and territory. 

By completing the survey, producers across the nation can tell their stories and help generate impactful policies to better serve them and future ag producers. 

Farmers of all sizes, urban and rural, that produced and sold $1,000 or more of products, or normally would have in 2022, are included in the Census. The Census will get mailed in phases, with paper questionnaires following in December. 

Producers only have to respond once, either online or by mail. Responses are due on February 6, 2023. “The Census of Agriculture is a powerful voice for American agriculture,” says USDA Secretary Tom Vilsack. “The information is an important influence on future ag policy.”

The USDA mailed survey codes to all known U.S. ag producers with the invitation to respond online to the 2022 Census of Agriculture at agcounts.usda.gov. The ag census is the nation’s only comprehensive and impartial agriculture data for every state, county, and territory. By completing the survey, producers across the nation can tell their stories and help generate impactful policies to better serve them and future ag producers. Farmers of all sizes, urban and rural, that produced and sold $1,000 or more of products, or normally would have in 2022, are included in the Census. The Census will get mailed in phases, with paper questionnaires following in December. Producers only have to respond once, either online or by mail. Responses are due on February 6, 2023. “The Census of Agriculture is a powerful voice for American agriculture,” says USDA Secretary Tom Vilsack. “The information is an important influence on future ag policy.”

USDA invites producers to respond online to the 2022 Census of Agriculture

Thanksgiving is an important holiday for spending time with family and friends. Farm Bureau’s 37th annual Thanksgiving Dinner survey provides a look at the cost of this year’s classic feast for 10. 

This year’s price tag is $64.05, up more than ten dollars from last year’s average of $53.31. It still works out to under $6.50 per person. 

The centerpiece is the turkey, which costs more than last year at $28.96 for a 16-pound bird. It’s 21 percent higher than last year. 

Other ingredients in the meal include stuffing mix, dinner rolls, milk, sweet potatoes, a veggie tray, pie crusts, and several others. The only traditional ingredient that’s cheaper than last year is a bag of fresh cranberries at $2.57, 14 percent cheaper than last year. 

American Farm Bureau Chief Economist Roger Cryan said factors driving the prices higher include general inflation, supply chain challenges, and the war in Ukraine.

Thanksgiving is an important holiday for spending time with family and friends. Farm Bureau’s 37th annual Thanksgiving Dinner survey provides a look at the cost of this year’s classic feast for 10. This year’s price tag is $64.05, up more than ten dollars from last year’s average of $53.31. It still works out to under $6.50 per person. The centerpiece is the turkey, which costs more than last year at $28.96 for a 16-pound bird. It’s 21 percent higher than last year. Other ingredients in the meal include stuffing mix, dinner rolls, milk, sweet potatoes, a veggie tray, pie crusts, and several others. The only traditional ingredient that’s cheaper than last year is a bag of fresh cranberries at $2.57, 14 percent cheaper than last year. American Farm Bureau Chief Economist Roger Cryan said factors driving the prices higher include general inflation, supply chain challenges, and the war in Ukraine.

Farm Bureau survey shows Thanksgiving dinner cost up 20 percent

The Black Sea Grain Export Deal, due to expire last Saturday, has been extended for another 120 days. 

Reuters says Moscow wants its own demands in the deal to get more fully addressed. 

The agreement protects a sea transit corridor and was intended to help alleviate a global food shortage.&nbsp;&nbsp;Ukraine, a major producer of grains and oilseeds, has three ports in Ukraine currently shipping grain. 

UN’s Secretary General says they welcome the agreement by all parties to continue the Black Sea grain initiative to facilitate the safe navigation of grain exports, foodstuffs, and fertilizers from Ukraine. 

Russian exports of ammonia via a pipeline to the Black Sea haven’t been agreed to as part of the renewal. However, Russia is continuing its efforts to resume those exports unimpeded by Western sanctions. 

The 120-day extension wasn’t the one-year deal the United Nations and Ukraine wanted. Russia says the &nbsp;duration seems “justified.”

The Black Sea Grain Export Deal, due to expire last Saturday, has been extended for another 120 days. Reuters says Moscow wants its own demands in the deal to get more fully addressed. The agreement protects a sea transit corridor and was intended to help alleviate a global food shortage.&nbsp;&nbsp;Ukraine, a major producer of grains and oilseeds, has three ports in Ukraine currently shipping grain. UN’s Secretary General says they welcome the agreement by all parties to continue the Black Sea grain initiative to facilitate the safe navigation of grain exports, foodstuffs, and fertilizers from Ukraine. Russian exports of ammonia via a pipeline to the Black Sea haven’t been agreed to as part of the renewal. However, Russia is continuing its efforts to resume those exports unimpeded by Western sanctions. The 120-day extension wasn’t the one-year deal the United Nations and Ukraine wanted. Russia says the &nbsp;duration seems “justified.”

Black Sea Grain Export Deal extended, Russia wants more

The Creighton University Rural Mainstreet Index fell below growth-neutral for the sixth-consecutive month. 

On a scale of one to 100, 50 represents growth neutral. The Economic Confidence Index plummeted to its lowest level since 2020. 

Almost 31 percent of bank CEOs in the survey area recommend that the Fed cease raising interest rates. 

Despite the weaker rural outlook, only 14 percent of the CEOs say their bank had increased financial commitments on farm loans. Farmland demand remains strong as the Farmland Price index climbed above 50 for the 26th month in a row. 

Almost 61 percent of bank CEOs expect these high farmland prices to plateau, while 22 percent say those land prices will likely decline during the period. 

“The rural Mainstreet economy is now experiencing a downturn in economic activity,” says Dr. Ernie Goss. “Last month, almost one in four bankers said the economy was already in a recession.”

The Creighton University Rural Mainstreet Index fell below growth-neutral for the sixth-consecutive month. On a scale of one to 100, 50 represents growth neutral. The Economic Confidence Index plummeted to its lowest level since 2020. Almost 31 percent of bank CEOs in the survey area recommend that the Fed cease raising interest rates. Despite the weaker rural outlook, only 14 percent of the CEOs say their bank had increased financial commitments on farm loans. Farmland demand remains strong as the Farmland Price index climbed above 50 for the 26th month in a row. Almost 61 percent of bank CEOs expect these high farmland prices to plateau, while 22 percent say those land prices will likely decline during the period. “The rural Mainstreet economy is now experiencing a downturn in economic activity,” says Dr. Ernie Goss. “Last month, almost one in four bankers said the economy was already in a recession.”

Rural Mainstreet Economy shrinks for six straight months

People shopping for electric vehicles will see that most don’t have AM radio, and it’s a move not sitting well with rural farm broadcasters. 

Nathan Simington is a Commissioner of the Federal Communications Commission who spoke to broadcasters at the National Association of Farm Broadcasting’s annual convention. 

He brought a unique perspective to the topic after growing up on a farm in Canada. 

“AM radio is an indispensable source of information for more than three million farmers in the U.S.,” Simington says. “To those who say AM is a dead technology, 75 percent of farmers listen to the radio five days per week.” 

For those who don’t know, AM radio is also the “essential spine” of the Emergency Alert System. “More importantly, farm broadcasters, especially those on AM, are a trusted source of information,” Simington adds. “Forget about oil and gas. These days, trust is the most important commodity out there.”

People shopping for electric vehicles will see that most don’t have AM radio, and it’s a move not sitting well with rural farm broadcasters. Nathan Simington is a Commissioner of the Federal Communications Commission who spoke to broadcasters at the National Association of Farm Broadcasting’s annual convention. He brought a unique perspective to the topic after growing up on a farm in Canada. “AM radio is an indispensable source of information for more than three million farmers in the U.S.,” Simington says. “To those who say AM is a dead technology, 75 percent of farmers listen to the radio five days per week.” For those who don’t know, AM radio is also the “essential spine” of the Emergency Alert System. “More importantly, farm broadcasters, especially those on AM, are a trusted source of information,” Simington adds. “Forget about oil and gas. These days, trust is the most important commodity out there.”

Electric vehicles won’t have AM radios

The National Milk Producers Federation sent a letter to lawmakers asking for support of domestic infant formula production as the shortfalls that emptied store shelves of formula have eased. 

Given the improving situation, tariff waivers that could discourage the production of a safe, secure domestic infant formula supply should be allowed to expire at the end of this year as scheduled. 

The milk producers sent their letter to the chairmen and ranking members of the Senate Finance Committee and the House Ways and Means Committee. 

“Given the temporary shortfall that gripped American families in need of formula earlier this year has abated, we urge Congress to ensure that the unique, unilateral tariff benefits granted to our trading partners under the Formula Act and the Bulk Infant Formula to Retail Shelves Act end as scheduled at the close of the year,” the letter says. “We request opposition to efforts to extend the benefits.”

The National Milk Producers Federation sent a letter to lawmakers asking for support of domestic infant formula production as the shortfalls that emptied store shelves of formula have eased. Given the improving situation, tariff waivers that could discourage the production of a safe, secure domestic infant formula supply should be allowed to expire at the end of this year as scheduled. The milk producers sent their letter to the chairmen and ranking members of the Senate Finance Committee and the House Ways and Means Committee. “Given the temporary shortfall that gripped American families in need of formula earlier this year has abated, we urge Congress to ensure that the unique, unilateral tariff benefits granted to our trading partners under the Formula Act and the Bulk Infant Formula to Retail Shelves Act end as scheduled at the close of the year,” the letter says. “We request opposition to efforts to extend the benefits.”

Milk producers ask for support of domestic formula production

The National Cattlemen’s Beef Association and the Public Lands Council announced their opposition to listing the Lesser Prairie Chicken under the Endangered Species Act after the U.S. Fish and Wildlife Service released a final rule. 

“Over and over, the science has proven that healthy, diverse rangelands, the exact kind of landscape maintained by livestock grazing, are where the lesser prairie chicken thrives,” says PLC Executive Director Kaitlynn Glover. 

“Cattle ranchers’ efforts to conserve these acres are absolutely critical to the survival of the species.” 

She also says they’re deeply disappointed by the Fish and Wildlife decision to impose redundant and punitive restrictions on the very same people they have to thank for the lesser prairie chicken’s continued existence on the range. 

The Service is also establishing a rule allowing them to appoint third parties, including environmental activist groups, as the grazing authorities in the range of the lesser prairie chicken.

The National Cattlemen’s Beef Association and the Public Lands Council announced their opposition to listing the Lesser Prairie Chicken under the Endangered Species Act after the U.S. Fish and Wildlife Service released a final rule. “Over and over, the science has proven that healthy, diverse rangelands, the exact kind of landscape maintained by livestock grazing, are where the lesser prairie chicken thrives,” says PLC Executive Director Kaitlynn Glover. “Cattle ranchers’ efforts to conserve these acres are absolutely critical to the survival of the species.” She also says they’re deeply disappointed by the Fish and Wildlife decision to impose redundant and punitive restrictions on the very same people they have to thank for the lesser prairie chicken’s continued existence on the range. The Service is also establishing a rule allowing them to appoint third parties, including environmental activist groups, as the grazing authorities in the range of the lesser prairie chicken.

NCBA, PLC oppose ESA listing of Lesser Prairie Chicken

The Energy Information Administration says ethanol output dropped to its lowest level in more than a month, and inventories dropped during the week ending on November 11. 

The newest EIA report says the production fell to an average of 1.011 million barrels a day. That’s down from 1.051 million barrels during the prior week and the lowest level since October. In the Midwest, the largest-producing region in the U.S., production dropped to 954,000 barrels a day from 992,000 barrels the week before. That’s also the lowest level for the Midwest in over a month. 

Gulf Coast production declined to an average of 23,000 barrels a day, a 1,000-barrel-a-day drop from the prior week. Rocky Mountain output fell to 13,000 barrels a day, the lowest output since September 23. 

The East Coast saw the only production increase at 13,000 barrels a day. Inventories through November 11 fell to 21.298 million barrels.

The Energy Information Administration says ethanol output dropped to its lowest level in more than a month, and inventories dropped during the week ending on November 11. The newest EIA report says the production fell to an average of 1.011 million barrels a day. That’s down from 1.051 million barrels during the prior week and the lowest level since October. In the Midwest, the largest-producing region in the U.S., production dropped to 954,000 barrels a day from 992,000 barrels the week before. That’s also the lowest level for the Midwest in over a month. Gulf Coast production declined to an average of 23,000 barrels a day, a 1,000-barrel-a-day drop from the prior week. Rocky Mountain output fell to 13,000 barrels a day, the lowest output since September 23. The East Coast saw the only production increase at 13,000 barrels a day. Inventories through November 11 fell to 21.298 million barrels.

Ethanol production hits lowest level in a month

USDA’s Food and Nutrition Service announced proposed changes to the foods prescribed to participants in the Special Supplemental Nutrition Program for Women, Infants, and Children, known as WIC. 

These science-based revisions incorporate recommendations from the National Academies of Science, Engineering, and Medicine and the Dietary Guidelines for Americans. “USDA is committed to advancing maternal and child health through WIC, helping mothers, babies, and young kids thrive,” says Ag Secretary Tom Vilsack. “These proposed changes will strengthen WIC, which is already an incredible program, by ensuring it provides foods that reflect the latest nutrition science to support healthy eating and bright futures.” 

The changes will increase the current level of assistance while providing WIC state agencies with more flexibility to tailor or accommodate personal and cultural food preferences and special dietary needs and increase variety and choice for WIC participants, making the program more appealing for current and potential participants.

USDA’s Food and Nutrition Service announced proposed changes to the foods prescribed to participants in the Special Supplemental Nutrition Program for Women, Infants, and Children, known as WIC. These science-based revisions incorporate recommendations from the National Academies of Science, Engineering, and Medicine and the Dietary Guidelines for Americans. “USDA is committed to advancing maternal and child health through WIC, helping mothers, babies, and young kids thrive,” says Ag Secretary Tom Vilsack. “These proposed changes will strengthen WIC, which is already an incredible program, by ensuring it provides foods that reflect the latest nutrition science to support healthy eating and bright futures.” The changes will increase the current level of assistance while providing WIC state agencies with more flexibility to tailor or accommodate personal and cultural food preferences and special dietary needs and increase variety and choice for WIC participants, making the program more appealing for current and potential participants.

USDA proposes science-driven updates to WIC

A new Energy Information Administration report clearly shows higher ethanol blends helped moderate fuel prices after the Ukraine invasion. The report also says the ethanol blend rates hit a record summer average of 10.5 percent. 

“Fuel ethanol’s price discount to gasoline was one factor that led to the higher summer blend rate in 2022,” the report says. “Although ethanol prices were higher in 2022, they were still low relative to gas prices that were at the highest level since 2014. “The new analysis shows that American drivers gravitated toward lower-cost E15 and E85 this summer as war in Ukraine drove fuel prices to record highs,” says Renewable Fuels Association President and CEO Geoff Cooper.

 “The report also shows that President Biden made the right call by issuing emergency waivers to allow the continued sales of E15 through the summer.” RFA also says the report shows the importance of year-round access to E15.

A new Energy Information Administration report clearly shows higher ethanol blends helped moderate fuel prices after the Ukraine invasion. The report also says the ethanol blend rates hit a record summer average of 10.5 percent. “Fuel ethanol’s price discount to gasoline was one factor that led to the higher summer blend rate in 2022,” the report says. “Although ethanol prices were higher in 2022, they were still low relative to gas prices that were at the highest level since 2014. “The new analysis shows that American drivers gravitated toward lower-cost E15 and E85 this summer as war in Ukraine drove fuel prices to record highs,” says Renewable Fuels Association President and CEO Geoff Cooper. “The report also shows that President Biden made the right call by issuing emergency waivers to allow the continued sales of E15 through the summer.” RFA also says the report shows the importance of year-round access to E15.

Increased ethanol blend rates lower fuel costs for drivers

John Deere announced an agreement with the U.S. Army Reserve to help service members and their families access career opportunities while transferring to civilian life. The agreement allows Deere to provide active-duty soldiers transitioning to the Army Reserves with meaningful education and skills that will make them top candidates for future employment. 

Deere says it’s honored to give back to the nation’s veterans by helping them take the skills they learned and develop them in a new career path. The agreement builds upon the Defense Department’s Skill Bridge Program, which places active-duty military members in civilian jobs for the final six months of service. 

Reserve members typically face unemployment rates two or three times the national average. The internship allows vets to get on the ground training and industry education that can help make them better candidates for open jobs. Active-duty, National Guard, or Reserve vets and spouses can go to deere.com.

John Deere announced an agreement with the U.S. Army Reserve to help service members and their families access career opportunities while transferring to civilian life. The agreement allows Deere to provide active-duty soldiers transitioning to the Army Reserves with meaningful education and skills that will make them top candidates for future employment. Deere says it’s honored to give back to the nation’s veterans by helping them take the skills they learned and develop them in a new career path. The agreement builds upon the Defense Department’s Skill Bridge Program, which places active-duty military members in civilian jobs for the final six months of service. Reserve members typically face unemployment rates two or three times the national average. The internship allows vets to get on the ground training and industry education that can help make them better candidates for open jobs. Active-duty, National Guard, or Reserve vets and spouses can go to deere.com.

Helping veterans find new careers

As Americans prepare for Thanksgiving, it’s probably not surprising that the number of available turkeys is lower than last year. Only 49.6 million pounds of turkeys remained in cold storage as of Monday, which a USDA report says is down 18 percent week-to-week. 

At the end of August, when supplies are usually at their peak, they totaled more than 114 million pounds. An updated USDA report says while turkey production was expected to drop by seven percent, the amount of meat in storage rose one percent from the same point last year. 

The last month new chicks can mature enough for Thanksgiving is August, and placements rose two percent higher than the five-year-average as producers attempted to make up for lost output because of avian influenza earlier this year. Since the end of August, inventories have steadily declined. Stocks in September dropped to just over 105 million pounds, nine percent above 2021.

As Americans prepare for Thanksgiving, it’s probably not surprising that the number of available turkeys is lower than last year. Only 49.6 million pounds of turkeys remained in cold storage as of Monday, which a USDA report says is down 18 percent week-to-week. At the end of August, when supplies are usually at their peak, they totaled more than 114 million pounds. An updated USDA report says while turkey production was expected to drop by seven percent, the amount of meat in storage rose one percent from the same point last year. The last month new chicks can mature enough for Thanksgiving is August, and placements rose two percent higher than the five-year-average as producers attempted to make up for lost output because of avian influenza earlier this year. Since the end of August, inventories have steadily declined. Stocks in September dropped to just over 105 million pounds, nine percent above 2021.

Grab that turkey for Thanksgiving

Cargill’s CEO says he expects food prices to decline in 2023. Yahoo says that’s despite tight global crop stockpiles, especially in oilseeds. 

David MacLennan, Cargill CEO, says the solution to the food versus fuel debate is to boost global crop commodity production. “We don’t&nbsp;think it’s going to be an either-or dynamic,” he says. “It can be food and fuel.” MacLennan also says regenerative agricultural practices, greater yields, and more use of technology can increase output so it can meet the demand from both food and fuel sectors. 

World food prices hit a record in March after Russia invaded Ukraine and prevented exports from one of the world’s top grain producers. Prices did drop after the United Nations helped reach a grain deal that allowed ships filled with Ukrainian grain to pass unimpeded through the Black Sea. “Food shouldn’t be a weapon,” MacLellan adds. “The world depends on an interconnected food system.”

Cargill’s CEO says he expects food prices to decline in 2023. Yahoo says that’s despite tight global crop stockpiles, especially in oilseeds. David MacLennan, Cargill CEO, says the solution to the food versus fuel debate is to boost global crop commodity production. “We don’t&nbsp;think it’s going to be an either-or dynamic,” he says. “It can be food and fuel.” MacLennan also says regenerative agricultural practices, greater yields, and more use of technology can increase output so it can meet the demand from both food and fuel sectors. World food prices hit a record in March after Russia invaded Ukraine and prevented exports from one of the world’s top grain producers. Prices did drop after the United Nations helped reach a grain deal that allowed ships filled with Ukrainian grain to pass unimpeded through the Black Sea. “Food shouldn’t be a weapon,” MacLellan adds. “The world depends on an interconnected food system.”

Food prices likely to drop next year

Ag Secretary Tom Vilsack says his agency is planning for additional emergency relief and pandemic assistance. USDA will soon roll out phase two of the Emergency Relief Program as well as the new Pandemic Assistance Revenue Program.

 Those programs will help offset crop and revenue losses for producers. USDA is announcing the forthcoming assistance early enough to give producers time to gather documents and train the agency’s staff. “We have diligently worked to help agricultural producers bounce back from devastating natural disasters and COVID-19 through a number of programs,” Vilsack says. “These new programs are focused on filling gaps in assistance where some producers have fallen through the cracks.” 

ERP phase two will assist eligible producers who suffered&nbsp; crop losses due to wildfires, hurricanes, flood, derechos, and others. PARP will help eligible commodity producer who lost revenue in 2020 compared to previous years due to COVID-19. For more info, go to usda.gov.

Ag Secretary Tom Vilsack says his agency is planning for additional emergency relief and pandemic assistance. USDA will soon roll out phase two of the Emergency Relief Program as well as the new Pandemic Assistance Revenue Program. Those programs will help offset crop and revenue losses for producers. USDA is announcing the forthcoming assistance early enough to give producers time to gather documents and train the agency’s staff. “We have diligently worked to help agricultural producers bounce back from devastating natural disasters and COVID-19 through a number of programs,” Vilsack says. “These new programs are focused on filling gaps in assistance where some producers have fallen through the cracks.” ERP phase two will assist eligible producers who suffered&nbsp; crop losses due to wildfires, hurricanes, flood, derechos, and others. PARP will help eligible commodity producer who lost revenue in 2020 compared to previous years due to COVID-19. For more info, go to usda.gov.