USDA’s Agricultural Research Service is completing a 10-year study on grazing practices. 

The study focuses on the two systems of grazing, season-long grazing and intensive rotational grazing, looking at how the systems affect cattle foraging behavior, diet quality, and yearly weight gain in semi-arid, extensive rangelands. 

The study showed herds in the multi-paddock rotating system feeding in more linear pathways instead of moving around looking for greener grass and selecting bites of more digestible vegetation. 

They also fed slower, spent more time on the same patch of grass, and didn't turn their heads around much while feeding, compared with steers in the continuous grazing system. These behaviors of less selective foraging resulted in a lower diet quality, reducing weight gain during the growing season. 

Results, published in Agriculture, Ecosystems, and Environment, show that large herds grazing in small, homogenous paddocks have little opportunity to move around in ways that let them feed on high-quality diet.

USDA’s Agricultural Research Service is completing a 10-year study on grazing practices. The study focuses on the two systems of grazing, season-long grazing and intensive rotational grazing, looking at how the systems affect cattle foraging behavior, diet quality, and yearly weight gain in semi-arid, extensive rangelands. The study showed herds in the multi-paddock rotating system feeding in more linear pathways instead of moving around looking for greener grass and selecting bites of more digestible vegetation. They also fed slower, spent more time on the same patch of grass, and didn't turn their heads around much while feeding, compared with steers in the continuous grazing system. These behaviors of less selective foraging resulted in a lower diet quality, reducing weight gain during the growing season. Results, published in Agriculture, Ecosystems, and Environment, show that large herds grazing in small, homogenous paddocks have little opportunity to move around in ways that let them feed on high-quality diet.

Research reveals how grazing management affects cattle weight gain

March U.S. pork exports were the largest since May 2021, and beef export volumes were the largest since October, according to the U.S. Meat Export Federation. 

March pork exports totaled 260,195 metric tons, up 17 percent year-over-year and the ninth-largest volume on record. 

Export value was also the ninth largest at $724 million, up 18 percent from a year ago. 

These results capped a strong first quarter for U.S. pork as exports reached 716,691 metric tons, up 14 percent from a year ago, valued at $1.96 billion. Beef exports totaled 120,495 metric tons in March, down five percent from a year ago. 

Export value fell 17 percent to $892.6 million, but both volume and value were the highest in five months. Through the first quarter, beef exports were down eight percent year-over-year to 326,494 metric tons, valued at $2.35 billion.&nbsp;&nbsp;March exports of U.S. lamb muscle cuts totaled 218 metric tons, down five percent from a year ago.

March U.S. pork exports were the largest since May 2021, and beef export volumes were the largest since October, according to the U.S. Meat Export Federation. March pork exports totaled 260,195 metric tons, up 17 percent year-over-year and the ninth-largest volume on record. Export value was also the ninth largest at $724 million, up 18 percent from a year ago. These results capped a strong first quarter for U.S. pork as exports reached 716,691 metric tons, up 14 percent from a year ago, valued at $1.96 billion. Beef exports totaled 120,495 metric tons in March, down five percent from a year ago. Export value fell 17 percent to $892.6 million, but both volume and value were the highest in five months. Through the first quarter, beef exports were down eight percent year-over-year to 326,494 metric tons, valued at $2.35 billion.&nbsp;&nbsp;March exports of U.S. lamb muscle cuts totaled 218 metric tons, down five percent from a year ago.

March pork exports largest in nearly two years; Beef exports show signs of rebound

America’s beef cow herd hasn’t been this small since 1962. Drought and the high cost of feed forced producers to cut their herd sizes instead of keeping animals for breeding. 

Livestock producers who fatten cattle suddenly have leverage over meatpackers as they negotiate cattle prices with organizations like Tyson Foods, JBS, and Cargill. 

U.S. News says meat processors are assessing the future of consumer demand should beef prices rise, along with cattle supplies and margins, to determine how many animals to slaughter in the months ahead. 

Cargill says it expects cattle prices will rise further and beef prices to rise as well. “The unknown factor is demand: how much will consumers be willing to pay,” says Tom Windish of Cargill. 

The amount of money that meatpackers make buying cattle and converting them to meat dropped under $40 per head in April. That’s after reaching over $700 a head in May 2020.

America’s beef cow herd hasn’t been this small since 1962. Drought and the high cost of feed forced producers to cut their herd sizes instead of keeping animals for breeding. Livestock producers who fatten cattle suddenly have leverage over meatpackers as they negotiate cattle prices with organizations like Tyson Foods, JBS, and Cargill. U.S. News says meat processors are assessing the future of consumer demand should beef prices rise, along with cattle supplies and margins, to determine how many animals to slaughter in the months ahead. Cargill says it expects cattle prices will rise further and beef prices to rise as well. “The unknown factor is demand: how much will consumers be willing to pay,” says Tom Windish of Cargill. The amount of money that meatpackers make buying cattle and converting them to meat dropped under $40 per head in April. That’s after reaching over $700 a head in May 2020.

Smaller U.S. Cattle Herd squeezing meatpacker profits

The Natural Resources Conservation Service will hire team members over the next few years to help implement the $19.5 billion in the Inflation Reduction Act for conservation programs. 

The NRCS announced new jobs are opening up for soil conservationists. 

This is part of a broader effort by the agency to help producers develop conservation plans and implement conservation practices, including critical climate-smart practices. 

“The Inflation Reduction Act represents the single largest investment in climate and clean energy solutions in American history, and the NRCS programs are an important part of our efforts,” says Robert Bonnie, USDA’s Undersecretary for Farm Production and Conservation. 

“To help agricultural producers invest in conservation on their farms, ranches, and working forests, we need to grow our team that delivers conservation programs.” 

The announcements are currently open and close on May 15, 2023. Interested candidates can find more information and apply for the job at USAjobs.gov.

The Natural Resources Conservation Service will hire team members over the next few years to help implement the $19.5 billion in the Inflation Reduction Act for conservation programs. The NRCS announced new jobs are opening up for soil conservationists. This is part of a broader effort by the agency to help producers develop conservation plans and implement conservation practices, including critical climate-smart practices. “The Inflation Reduction Act represents the single largest investment in climate and clean energy solutions in American history, and the NRCS programs are an important part of our efforts,” says Robert Bonnie, USDA’s Undersecretary for Farm Production and Conservation. “To help agricultural producers invest in conservation on their farms, ranches, and working forests, we need to grow our team that delivers conservation programs.” The announcements are currently open and close on May 15, 2023. Interested candidates can find more information and apply for the job at USAjobs.gov.

NRCS opens up soil conservationist positions

Last week, Oklahoma Republican Representative Josh Brecheen, himself a fourth-generation rancher, introduced the Deregulation Restrictions on Interstate Vehicles and Eighteen Wheelers Act. 

The bill would prohibit the Federal Motor Carrier Safety Administration from implementing any rule or regulation requiring vehicles over 26,000 pounds that are engaged in interstate commerce to be equipped with a speed-limiting device set to a maximum speed. 

In 2022, the FMSCA issued a notice of intent that it was considering rules requiring speed-limiting devices for certain large commercial vehicles.&nbsp;&nbsp;USCA Transportation Committee Chair Steve Hilker says their members are responsible for safely transporting millions of animals. 

Livestock haulers must take into consideration the welfare of their cargo, which means avoiding rough road conditions, adjusting speed, and being more aware of their surroundings to prevent animal injuries,” says Hilker.&nbsp;&nbsp;“USCA is opposed to any federal mandate that limits a driver’s autonomy over their own truck and trailer.” &nbsp;

Last week, Oklahoma Republican Representative Josh Brecheen, himself a fourth-generation rancher, introduced the Deregulation Restrictions on Interstate Vehicles and Eighteen Wheelers Act. The bill would prohibit the Federal Motor Carrier Safety Administration from implementing any rule or regulation requiring vehicles over 26,000 pounds that are engaged in interstate commerce to be equipped with a speed-limiting device set to a maximum speed. In 2022, the FMSCA issued a notice of intent that it was considering rules requiring speed-limiting devices for certain large commercial vehicles.&nbsp;&nbsp;USCA Transportation Committee Chair Steve Hilker says their members are responsible for safely transporting millions of animals. Livestock haulers must take into consideration the welfare of their cargo, which means avoiding rough road conditions, adjusting speed, and being more aware of their surroundings to prevent animal injuries,” says Hilker.&nbsp;&nbsp;“USCA is opposed to any federal mandate that limits a driver’s autonomy over their own truck and trailer.” &nbsp;

USCA applauds introduction of the DRIVE Act

Eight Michigan Representatives entered into a campaign to reverse Ford’s decision to remove AM radio from most new models in 2024. 

The eight reps sent a letter to Ford’s board of directors making a case to keep the legacy band in cars. 

“Not only is AM still widely listened to for entertainment purposes, especially in rural areas, but it is vitally important for emergency services in times of trouble or natural disaster,” the letter says. 

“Removing AM capability from future vehicles could jeopardize the safety and livelihood of millions of your customers.” 

Michigan Rep David Prestin says that Ford’s decision represents “a lack of vision or thought towards national security, our ability to communicate on the most basic level in the future for the unknown things we may have to face. 

I just find it reckless.” He also points out that AM radio is the backbone of the Emergency Alert System.

Eight Michigan Representatives entered into a campaign to reverse Ford’s decision to remove AM radio from most new models in 2024. The eight reps sent a letter to Ford’s board of directors making a case to keep the legacy band in cars. “Not only is AM still widely listened to for entertainment purposes, especially in rural areas, but it is vitally important for emergency services in times of trouble or natural disaster,” the letter says. “Removing AM capability from future vehicles could jeopardize the safety and livelihood of millions of your customers.” Michigan Rep David Prestin says that Ford’s decision represents “a lack of vision or thought towards national security, our ability to communicate on the most basic level in the future for the unknown things we may have to face. I just find it reckless.” He also points out that AM radio is the backbone of the Emergency Alert System.

Michigan Reps jump into AM radio discussion

A local Missouri news outlet says that Smithfield Foods plans to close 37 sow farms. 

An employee who requested anonymity said the closures were to begin on May 1. 

Smithfield Foods didn’t confirm the story or offer any more details regarding the closures when National Hog Farmer asked for clarification. 

“We’re always taking steps to enhance our business for consistently strong performance during favorable and unfavorable market conditions,” says Jim Monroe, vice president for corporate affairs with Smithfield. 

In April, China’s WH Group informed shareholders and potential investors that it was expecting a 56 percent drop in its first quarter 2023 profit outlook, down from $395 million during the same time last year. 

“Hog raising costs remain elevated while pork prices have been adversely impacted by softer consumer demand,” Smithfield says. The company also says the drop was mainly attributable to the challenging market conditions in the U.S. pork segment.

A local Missouri news outlet says that Smithfield Foods plans to close 37 sow farms. An employee who requested anonymity said the closures were to begin on May 1. Smithfield Foods didn’t confirm the story or offer any more details regarding the closures when National Hog Farmer asked for clarification. “We’re always taking steps to enhance our business for consistently strong performance during favorable and unfavorable market conditions,” says Jim Monroe, vice president for corporate affairs with Smithfield. In April, China’s WH Group informed shareholders and potential investors that it was expecting a 56 percent drop in its first quarter 2023 profit outlook, down from $395 million during the same time last year. “Hog raising costs remain elevated while pork prices have been adversely impacted by softer consumer demand,” Smithfield says. The company also says the drop was mainly attributable to the challenging market conditions in the U.S. pork segment.

Smithfield reportedly closing 37 sow farms in Missouri

The USDA recently announced the creation of 12 new USDA Regional Food Business Centers, and the National Farmers Union is pleased with the move. 

“This is the kind of capacity and investment that we need to make meaningful improvements in our food system,” says NFU President Rob Larew. 

“Providing local and regional access to processing and distribution is one avenue to fight back against the rampant consolidation in the agriculture and food sector.” 

The new USDA Regional Food Centers will provide national coverage coordination, technical assistance, and capacity building to help farmers, ranchers, and other food businesses access new markets and navigate federal, state, and local resources. 

“This move provides support for farmers and ranchers to market their products in their own communities, and keeping those resources local is a win for everyone,” Larew says. “This will build resiliency in the food supply and vitality in our rural and agricultural economy.”

The USDA recently announced the creation of 12 new USDA Regional Food Business Centers, and the National Farmers Union is pleased with the move. “This is the kind of capacity and investment that we need to make meaningful improvements in our food system,” says NFU President Rob Larew. “Providing local and regional access to processing and distribution is one avenue to fight back against the rampant consolidation in the agriculture and food sector.” The new USDA Regional Food Centers will provide national coverage coordination, technical assistance, and capacity building to help farmers, ranchers, and other food businesses access new markets and navigate federal, state, and local resources. “This move provides support for farmers and ranchers to market their products in their own communities, and keeping those resources local is a win for everyone,” Larew says. “This will build resiliency in the food supply and vitality in our rural and agricultural economy.”

NFU appreciates USDA funding to strengthen Food Supply Chain Infrastructure

With bold ambitions to operate 10,000 restaurants in the coming years, Taco Bell acknowledges its responsibility to balance global expansion with intentional impact. 

Taco Bell is now partnering with its long-time supplier Cargill and the National Fish and Wildlife Foundation to implement conservation and regenerative agriculture practices across cattle grazing lands. 

The partnership is part of Taco Bell's parent company Yum! Brands' efforts to reduce greenhouse gas emissions by nearly 50 percent by 2030. 

The partnership will support beef producers with technical and financial tools to expand their regenerative ranching practices, from conserving grassland ecosystems to improving river water quality and biodiversity. 

The commitment from Cargill and Taco Bell will allocate $2 million and will leverage up to $2 million in federal funds for a combined total of $4 million in new grants over the next four years. 

Taco Bell estimates the partnership will conserve and restore tens of thousands of acres and sequester up to 44,000 metric tons of carbon dioxide equivalent per year in 2030.

With bold ambitions to operate 10,000 restaurants in the coming years, Taco Bell acknowledges its responsibility to balance global expansion with intentional impact. Taco Bell is now partnering with its long-time supplier Cargill and the National Fish and Wildlife Foundation to implement conservation and regenerative agriculture practices across cattle grazing lands. The partnership is part of Taco Bell's parent company Yum! Brands' efforts to reduce greenhouse gas emissions by nearly 50 percent by 2030. The partnership will support beef producers with technical and financial tools to expand their regenerative ranching practices, from conserving grassland ecosystems to improving river water quality and biodiversity. The commitment from Cargill and Taco Bell will allocate $2 million and will leverage up to $2 million in federal funds for a combined total of $4 million in new grants over the next four years. Taco Bell estimates the partnership will conserve and restore tens of thousands of acres and sequester up to 44,000 metric tons of carbon dioxide equivalent per year in 2030.Courtesy of NAFB

Cargill, Taco Bell, Fish and Wildlife Foundation, announce partnership

Legislation introduced in the House and Senate Wednesday seeks to help address America's shortage of Technical Service Providers at the Department of Agriculture. 

Technical Service Providers help producers deploy and manage conservation programs through one-on-one assistance. 

USDA Natural Resources Conservation Service Chief Terry Cosby recently projected his agency would need to hire between 3,000 and 4,000 employees to meet demand for technical assistance. 

Specifically, the bill would help build the workforce by cutting red tape, streamlining Technical Service Provider certification requirements, and ensuring they are paid the market rate. Representative Abigail Spanberger, a Democrat from Virginia, and Senator Mike Braun, a Republican from Indiana, lead the effort. 

Spanberger says, “This massive workforce issue is having real effects on the ground — and it’s slowing down the ability of producers to make smart management plans for their land.” Braun adds, “Our nation’s farmers and ranchers play a critical role in conservation, so it is important that they have access to Technical Service Providers.”

Legislation introduced in the House and Senate Wednesday seeks to help address America's shortage of Technical Service Providers at the Department of Agriculture. Technical Service Providers help producers deploy and manage conservation programs through one-on-one assistance. USDA Natural Resources Conservation Service Chief Terry Cosby recently projected his agency would need to hire between 3,000 and 4,000 employees to meet demand for technical assistance. Specifically, the bill would help build the workforce by cutting red tape, streamlining Technical Service Provider certification requirements, and ensuring they are paid the market rate. Representative Abigail Spanberger, a Democrat from Virginia, and Senator Mike Braun, a Republican from Indiana, lead the effort. Spanberger says, “This massive workforce issue is having real effects on the ground — and it’s slowing down the ability of producers to make smart management plans for their land.” Braun adds, “Our nation’s farmers and ranchers play a critical role in conservation, so it is important that they have access to Technical Service Providers.”

Legislation seeks to increase USDA Technical Service Providers

The 2023 Farm Bureau Foundation Fellows have launched four free Applied Digital Skills lessons dedicated to helping students learn about food, fuel and fiber. 

The lessons were developed with support from Grow with Google to make digital skills and agricultural literacy more accessible to students across the country, with a focus on rural classrooms. 

The lessons are part of the Agriculture and Rural Communities Collection, available for free to educators across the United States. 

Foundation for Agriculture executive director Daniel Meloy says, “Whether you’re a teacher in a rural, urban or suburban classroom, these lessons can be used to teach a broad variety of technical skills while fostering understanding of agriculture.” 

The lessons were developed over the course of an eight-month&nbsp;fellowship. As part of the program, each Fellow will receive a stipend and Chromebooks for their classroom. For more information, visit the Farm Bureau Foundation website, agfoundation.org.

The 2023 Farm Bureau Foundation Fellows have launched four free Applied Digital Skills lessons dedicated to helping students learn about food, fuel and fiber. The lessons were developed with support from Grow with Google to make digital skills and agricultural literacy more accessible to students across the country, with a focus on rural classrooms. The lessons are part of the Agriculture and Rural Communities Collection, available for free to educators across the United States. Foundation for Agriculture executive director Daniel Meloy says, “Whether you’re a teacher in a rural, urban or suburban classroom, these lessons can be used to teach a broad variety of technical skills while fostering understanding of agriculture.” The lessons were developed over the course of an eight-month&nbsp;fellowship. As part of the program, each Fellow will receive a stipend and Chromebooks for their classroom. For more information, visit the Farm Bureau Foundation website, agfoundation.org.Courtesy of NAFB

Farm Bureau Foundation Fellows launch free digital skills and ag literacy lessons

During a Senate Agriculture Subcommittee hearing Tuesday, a sorghum farmer told lawmakers farmers need a stronger farm safety net. 

National Sorghum Producers' Past&nbsp;Chairman, Kody Carson of Texas told lawmakers, "Right now, the farm safety net is not adequate." 

Carson also reaffirmed support for crop insurance, adding, "the tool has been absolutely critical in helping us manage the ongoing drought conditions decimating the Sorghum Belt." 

Meanwhile, American Soybean Association Secretary Caleb Ragland of Kentucky called crop insurance the most effective and important component of farm policy for soybean farmers. 

Ragland says that without crop insurance, “the risk would be more than many farmers and lenders could stand—it certainly would be for me,” while calling for improvements to the Title I farm safety net for soybeans. 

And National Corn Growers Association First Vice President Harold Wolle told the committee NCGA supports increasing the affordability of crop insurance coverage. Wolle adds, “The individual costs of purchasing coverage can discourage higher levels of coverage.”

During a Senate Agriculture Subcommittee hearing Tuesday, a sorghum farmer told lawmakers farmers need a stronger farm safety net. National Sorghum Producers' Past&nbsp;Chairman, Kody Carson of Texas told lawmakers, "Right now, the farm safety net is not adequate." Carson also reaffirmed support for crop insurance, adding, "the tool has been absolutely critical in helping us manage the ongoing drought conditions decimating the Sorghum Belt." Meanwhile, American Soybean Association Secretary Caleb Ragland of Kentucky called crop insurance the most effective and important component of farm policy for soybean farmers. Ragland says that without crop insurance, “the risk would be more than many farmers and lenders could stand—it certainly would be for me,” while calling for improvements to the Title I farm safety net for soybeans. And National Corn Growers Association First Vice President Harold Wolle told the committee NCGA supports increasing the affordability of crop insurance coverage. Wolle adds, “The individual costs of purchasing coverage can discourage higher levels of coverage.”Courtesy of NAFB

Farm Bill Hearing: Farmers need a stronger safety net

The Department of Agriculture this week announced nearly $130 million in additional, automatic financial assistance for qualifying farm loan program borrowers facing financial risk. 

The announcement is part of the $3.1 billion to help distressed farm loan borrowers provided through the Inflation Reduction Act. 

Borrowers who received the automatic payments include Farm Service Agency direct loan borrowers whose interest exceeded principle owed on outstanding debts, borrowers who had a balance up to 60 days past due as of September 30, 2022, and borrowers with a recent restructure between February 28, 2020, through March 27, 2023, or who had accepted an offer to restructure on or before March 27, 2023, but had not yet closed that restructure. 

FSA is accepting distressed borrower assistance requests from direct loan borrowers who missed a recent installment or cannot make their next scheduled installment. USDA will continue to update borrowers and the public about new eligibility criteria.

The Department of Agriculture this week announced nearly $130 million in additional, automatic financial assistance for qualifying farm loan program borrowers facing financial risk. The announcement is part of the $3.1 billion to help distressed farm loan borrowers provided through the Inflation Reduction Act. Borrowers who received the automatic payments include Farm Service Agency direct loan borrowers whose interest exceeded principle owed on outstanding debts, borrowers who had a balance up to 60 days past due as of September 30, 2022, and borrowers with a recent restructure between February 28, 2020, through March 27, 2023, or who had accepted an offer to restructure on or before March 27, 2023, but had not yet closed that restructure. FSA is accepting distressed borrower assistance requests from direct loan borrowers who missed a recent installment or cannot make their next scheduled installment. USDA will continue to update borrowers and the public about new eligibility criteria.Courtesy of NAFB

USDA providing $130 million to farmers facing financial risk

Farmer sentiment improved modestly in April as the Purdue University-CME Group Ag Economy Barometer reversed a two-month decline, up six points to 123. 

The Current Conditions Index rose three points to 129, while the Index of Future Expectations rose seven points to 120. 

More producers expect prime interest rates to either hold steady or possibly decline during the next 12 months than felt that way earlier in the year. 

Perspectives on farmland values shifted somewhat in April, with fewer producers expecting values to decline in the upcoming year and more producers looking for values to rise. 

When asked about the possibility of a new Farm Bill being passed by Congress in 2023, responses were mixed, with 40 percent of producers saying that passage was at least somewhat likely, while nearly 30 percent of respondents think that passage is at least somewhat unlikely. 

Meanwhile, 40 percent of respondents considered crop insurance the most important Farm Bill title, followed by commodity programs and conservation.

Farmer sentiment improved modestly in April as the Purdue University-CME Group Ag Economy Barometer reversed a two-month decline, up six points to 123. The Current Conditions Index rose three points to 129, while the Index of Future Expectations rose seven points to 120. More producers expect prime interest rates to either hold steady or possibly decline during the next 12 months than felt that way earlier in the year. Perspectives on farmland values shifted somewhat in April, with fewer producers expecting values to decline in the upcoming year and more producers looking for values to rise. When asked about the possibility of a new Farm Bill being passed by Congress in 2023, responses were mixed, with 40 percent of producers saying that passage was at least somewhat likely, while nearly 30 percent of respondents think that passage is at least somewhat unlikely. Meanwhile, 40 percent of respondents considered crop insurance the most important Farm Bill title, followed by commodity programs and conservation.Courtesy of NAFB

Ag Economy Barometer: Farmer sentiment improves

New data from USDA’s Economic Research Service shows farm sector debt tied to real estate is expected to be at a record high of $375.9 billion in 2023. 

Farm sector real estate debt has been increasing continuously since 2009 and is expected to reach an amount that is 87.5 percent higher in 2023 compared with 2009 in inflation-adjusted dollars. 

Real estate debt now far outpaces debt that is not secured by a mortgage. 

Historically, real estate debt and non-real estate debt have trended similarly, but they have diverged in recent years. Non-real estate debt showed an 11.9-percent year-to-year increase in 2014 in inflation-adjusted dollars but declined after 2017. 

Meanwhile, there has been a continuous increase in real estate debt since 2009. In 2023, real estate debt is expected to be 33.0 percent higher than the ten-year average, while non-real estate debt is expected to be 10.2 percent lower than the ten-year average.

New data from USDA’s Economic Research Service shows farm sector debt tied to real estate is expected to be at a record high of $375.9 billion in 2023. Farm sector real estate debt has been increasing continuously since 2009 and is expected to reach an amount that is 87.5 percent higher in 2023 compared with 2009 in inflation-adjusted dollars. Real estate debt now far outpaces debt that is not secured by a mortgage. Historically, real estate debt and non-real estate debt have trended similarly, but they have diverged in recent years. Non-real estate debt showed an 11.9-percent year-to-year increase in 2014 in inflation-adjusted dollars but declined after 2017. Meanwhile, there has been a continuous increase in real estate debt since 2009. In 2023, real estate debt is expected to be 33.0 percent higher than the ten-year average, while non-real estate debt is expected to be 10.2 percent lower than the ten-year average.

Farm sector real estate debt hits record high

The average aggregate quality of U.S. corn samples tested for the U.S. Grains Council’s 2022/2023 Corn Export Cargo Quality Report released this week was better than or equal to U.S. No. 2 on all grade factors. 

The report is based on 430 export cargo samples collected from corn shipments undergoing federal inspection and grading processes at export terminals. 

It also provides information on grading, handling and how U.S. corn is moved and controlled through export channels. 

USGC&nbsp;Chairman&nbsp;Josh Miller says, “International importers and consumers can know that they are making a smart, informed purchase by seeing the exact benefits and characteristics of this year’s crop.” 

Average test weight found by the analysis was higher than in 2021/2022 and the five-year average, with 93.3 percent of samples at or above the minimum requirements for U.S. No. 1 grade corn, indicating overall good quality. The export cargo quality report is a companion to the USGC 2022/2023 Corn Harvest Quality Report.

The average aggregate quality of U.S. corn samples tested for the U.S. Grains Council’s 2022/2023 Corn Export Cargo Quality Report released this week was better than or equal to U.S. No. 2 on all grade factors. The report is based on 430 export cargo samples collected from corn shipments undergoing federal inspection and grading processes at export terminals. It also provides information on grading, handling and how U.S. corn is moved and controlled through export channels. USGC&nbsp;Chairman&nbsp;Josh Miller says, “International importers and consumers can know that they are making a smart, informed purchase by seeing the exact benefits and characteristics of this year’s crop.” Average test weight found by the analysis was higher than in 2021/2022 and the five-year average, with 93.3 percent of samples at or above the minimum requirements for U.S. No. 1 grade corn, indicating overall good quality. The export cargo quality report is a companion to the USGC 2022/2023 Corn Harvest Quality Report.

USGC releases 2022/2023 Corn Export Cargo Quality Report

For the second straight week, the nation's average price of gasoline declined, falling 6.3 cents from a week ago to $3.58 per gallon. 

The national average is up 8.2 cents from a month ago but 59.6 cents per gallon lower than a year ago. 

The national average diesel price fell 5.3 cents in the last week and stands at $4.07 per gallon, $1.18 lower than one year ago. 

Oil prices have come under additional selling pressure alongside wholesale gasoline prices, and diesel prices have followed. The latest data shows diesel prices fell to their lowest level in over 13 months as demand remains weak due to concerns over the economy. 

GasBuddy’s Patrick De Haan says, “With refinery maintenance wrapping up, we should see supplies start to build in the weeks ahead, just in time for the summer driving season, potentially putting more downward pressure on prices.”

For the second straight week, the nation's average price of gasoline declined, falling 6.3 cents from a week ago to $3.58 per gallon. The national average is up 8.2 cents from a month ago but 59.6 cents per gallon lower than a year ago. The national average diesel price fell 5.3 cents in the last week and stands at $4.07 per gallon, $1.18 lower than one year ago. Oil prices have come under additional selling pressure alongside wholesale gasoline prices, and diesel prices have followed. The latest data shows diesel prices fell to their lowest level in over 13 months as demand remains weak due to concerns over the economy. GasBuddy’s Patrick De Haan says, “With refinery maintenance wrapping up, we should see supplies start to build in the weeks ahead, just in time for the summer driving season, potentially putting more downward pressure on prices.”

Fuel prices slide again: diesel reaches 13-month low

The U.S. Environmental Protection Agency issued an emergency fuel waiver to allow E15 fuel to be sold during the summer driving season. 

Reaction from some of America’s leading ag and renewable fuel organizations has been positive. 

“U.S. gas inventories are even tighter than they were last year, and the war in Ukraine continues wreaking havoc on global fuel supplies,” says Geoff Cooper, President and CEO of the Renewable Fuels Association. 

“We thank the EPA for taking this step.” Emily Skor, CEO of Growth Energy, says, “This is a win for drivers across the nation, who can rest easier knowing they’ll have access to savings on lower-carbon E15 this summer.” 

Rob Larew, president of the National Farmers Union, says, “Today’s announcement from EPA is good news for farmers and consumers heading into the summer travel season. Drivers will see increased choice and competition while farmers will see more opportunities for their bottom line.”

The U.S. Environmental Protection Agency issued an emergency fuel waiver to allow E15 fuel to be sold during the summer driving season. Reaction from some of America’s leading ag and renewable fuel organizations has been positive. “U.S. gas inventories are even tighter than they were last year, and the war in Ukraine continues wreaking havoc on global fuel supplies,” says Geoff Cooper, President and CEO of the Renewable Fuels Association. “We thank the EPA for taking this step.” Emily Skor, CEO of Growth Energy, says, “This is a win for drivers across the nation, who can rest easier knowing they’ll have access to savings on lower-carbon E15 this summer.” Rob Larew, president of the National Farmers Union, says, “Today’s announcement from EPA is good news for farmers and consumers heading into the summer travel season. Drivers will see increased choice and competition while farmers will see more opportunities for their bottom line.”

U.S. Agriculture reacts to EPA E15 emergency waiver

The U.S. Environmental Protection Agency announced Friday that it will use existing authority to prevent drivers from losing access to lower-cost and lower-emission E15, a higher ethanol blend often marketed as Unleaded 88. 

“We appreciate Administrator Regan’s timely action to prevent a disruption in E15 availability,” says National Corn Growers Association President Tom Haag. 

“EPA’s action will help address the fuel supply constraints and ensure drivers continue to have access to a lower-cost fuel choice that cuts emissions.” 

The fuel conditions that warranted EPA taking the same successful step last year are continuing today. Haag says the nation’s corn growers are proud to contribute to an energy and environmental solution that saves consumers money at the pump. 

Continued access to E15 during the summer months will help relieve ongoing energy supply pressures. When EPA took a similar action last year, drivers saved nearly a dollar per gallon in some locations.

The U.S. Environmental Protection Agency announced Friday that it will use existing authority to prevent drivers from losing access to lower-cost and lower-emission E15, a higher ethanol blend often marketed as Unleaded 88. “We appreciate Administrator Regan’s timely action to prevent a disruption in E15 availability,” says National Corn Growers Association President Tom Haag. “EPA’s action will help address the fuel supply constraints and ensure drivers continue to have access to a lower-cost fuel choice that cuts emissions.” The fuel conditions that warranted EPA taking the same successful step last year are continuing today. Haag says the nation’s corn growers are proud to contribute to an energy and environmental solution that saves consumers money at the pump. Continued access to E15 during the summer months will help relieve ongoing energy supply pressures. When EPA took a similar action last year, drivers saved nearly a dollar per gallon in some locations.

Biden Administration allowing summertime sales of E15

The United States requested trade consultations in March on Mexico’s plan to limit the use of genetically modified corn. 

Reuters says a top Mexican official called the request an “unacceptable violation” of Mexican law that feeds the interest of giant seed companies. 

The U.S. is Mexico’s main trading partner and requested the consultations under the U.S.-Mexico-Canada Agreement, which calls for science-based regulations. 

Mexico’s Deputy Agriculture Minister Victor Suarez says, “The United States’ request to Mexico follows the interests of seed, agrochemical, and other foodproducing oligopolies.” 

He also points out that seed makers like Bayer, Corteva, ChemChina’s Syngenta, and BASF are winning under U.S. agriculture and trade policies. 

However, Suarez feels those companies don’t represent all U.S. farmers. The consultations are a first step toward a trade panel that could ultimately mean a ruling calling for placing punitive tariffs on Mexico. Suarez says Mexico’s policy won’t affect U.S. corn farmers at all.

The United States requested trade consultations in March on Mexico’s plan to limit the use of genetically modified corn. Reuters says a top Mexican official called the request an “unacceptable violation” of Mexican law that feeds the interest of giant seed companies. The U.S. is Mexico’s main trading partner and requested the consultations under the U.S.-Mexico-Canada Agreement, which calls for science-based regulations. Mexico’s Deputy Agriculture Minister Victor Suarez says, “The United States’ request to Mexico follows the interests of seed, agrochemical, and other foodproducing oligopolies.” He also points out that seed makers like Bayer, Corteva, ChemChina’s Syngenta, and BASF are winning under U.S. agriculture and trade policies. However, Suarez feels those companies don’t represent all U.S. farmers. The consultations are a first step toward a trade panel that could ultimately mean a ruling calling for placing punitive tariffs on Mexico. Suarez says Mexico’s policy won’t affect U.S. corn farmers at all.

U.S. trade consultation request “Violates Mexican Law”

American Soybean Association President Daryl Cates testified before the House Agriculture Committee’s Subcommittee on General Farm Commodities, Risk Management, and Credit. 

Cates offered ASA’s perspectives on the 2023 Farm Bill and asked for help with two priorities under the subcommittee’s jurisdiction. The first was protecting crop insurance, and the second was improving the Title 1 farm safety net for soybeans. &nbsp;Cates called crop insurance, “The most effective and important component of the farm safety net for soybean farmers.” 

National Sorghum Producers Chair Craig Meeker also testified during the hearing. “It’s clear that more resources will be necessary to enact a strong farm bill this year as there’s a major shortfall of funding compared to previous bills,” Meeker says. 

He also reaffirmed his group’s support for crop insurance, noting that he would not be the sixth generation on his family farm without it. Crop insurance has been critical in managing an ongoing drought.

American Soybean Association President Daryl Cates testified before the House Agriculture Committee’s Subcommittee on General Farm Commodities, Risk Management, and Credit. Cates offered ASA’s perspectives on the 2023 Farm Bill and asked for help with two priorities under the subcommittee’s jurisdiction. The first was protecting crop insurance, and the second was improving the Title 1 farm safety net for soybeans. &nbsp;Cates called crop insurance, “The most effective and important component of the farm safety net for soybean farmers.” National Sorghum Producers Chair Craig Meeker also testified during the hearing. “It’s clear that more resources will be necessary to enact a strong farm bill this year as there’s a major shortfall of funding compared to previous bills,” Meeker says. He also reaffirmed his group’s support for crop insurance, noting that he would not be the sixth generation on his family farm without it. Crop insurance has been critical in managing an ongoing drought.

Ag Groups Testify on Farm Bill Priorities

Clean Fuels Alliance welcomed an amendment to House legislation that would raise the nation’s debt limit and make substantial changes to clean energy tax credits. 

The amendment would preserve the biodiesel and renewable diesel blenders’ credits as they are written in current law. 

“The clean fuels industry thanks all the House members who sought to preserve predictability and stability in tax policy,” says Kurt Kovarik, Vice President of Federal Affairs with Clean Fuels.

 Midwestern House Republicans were also concerned about the bill’s elimination of ethanol tax credits. A manager’s amendment eliminated those provisions that would have eliminated tax credits for biofuels that were part of the Inflation Reduction Act. The amendment added a grandfather clause in a section that eliminates sustainable aviation fuel and alternative fuel tax credits for those engaged in activities who would have received a credit after the Inflation Reduction Act passed and before it was introduced.

Clean Fuels Alliance welcomed an amendment to House legislation that would raise the nation’s debt limit and make substantial changes to clean energy tax credits. The amendment would preserve the biodiesel and renewable diesel blenders’ credits as they are written in current law. “The clean fuels industry thanks all the House members who sought to preserve predictability and stability in tax policy,” says Kurt Kovarik, Vice President of Federal Affairs with Clean Fuels. Midwestern House Republicans were also concerned about the bill’s elimination of ethanol tax credits. A manager’s amendment eliminated those provisions that would have eliminated tax credits for biofuels that were part of the Inflation Reduction Act. The amendment added a grandfather clause in a section that eliminates sustainable aviation fuel and alternative fuel tax credits for those engaged in activities who would have received a credit after the Inflation Reduction Act passed and before it was introduced.

House Amendment Preserves Renewable Fuel Tax Credits

Global commodity prices are expected to drop this year at the fastest clip since the beginning of COVID-19. 

A World Bank report says that clouds the prospective growth of approximately two-thirds of the developing economies that depends on exports. The Commodity Markets Outlook says the drop in prices is expected to bring little relief to the almost 350 million people around the world who are facing food insecurity. While food prices are expected to drop by eight percent this year, they will be at their second-highest level since 1975. 

Food price inflation is at 20 percent globally, the highest level in 20 years. 

“The surge in food and energy prices after Russia’s invasion of Ukraine has largely passed due to slowing economic growth, a moderate winter, and reallocations in commodity trade,” the report says. 

Overall, commodity prices are expected to fall by 21 percent in 2023, relative to last year.

Global commodity prices are expected to drop this year at the fastest clip since the beginning of COVID-19. A World Bank report says that clouds the prospective growth of approximately two-thirds of the developing economies that depends on exports. The Commodity Markets Outlook says the drop in prices is expected to bring little relief to the almost 350 million people around the world who are facing food insecurity. While food prices are expected to drop by eight percent this year, they will be at their second-highest level since 1975. Food price inflation is at 20 percent globally, the highest level in 20 years. “The surge in food and energy prices after Russia’s invasion of Ukraine has largely passed due to slowing economic growth, a moderate winter, and reallocations in commodity trade,” the report says. Overall, commodity prices are expected to fall by 21 percent in 2023, relative to last year.

World Bank: Commodity Prices to Drop Through 2024

Corn growers are optimistic that Congress can make key farm bill programs more effective and responsive to the needs of farmers, according to the National Corn Growers Association. 

NCGA President Tom Haag, a Minnesota farmer, testified to the House Agriculture General Farm Commodities, Risk Management, and Credit Subcommittee. 

The committee hearing focused on stakeholder priorities for the crop insurance and commodity titles. 

Haag says, "Corn growers consistently rank crop insurance as the most important program and title of the farm bill. NCGA broadly supports increasing the affordability of crop insurance." 

Haag also offered recommendations for the commodity title, saying NCGA supports increasing the maximum rate in the Agriculture Risk Coverage County program to provide increased assistance to growers who experience significant revenue losses. 

Haag says NCGA recommends increasing the coverage level for ARC County to make the program more responsive to revenue losses. NCGA supports the improvement of the Price Loss Coverage program, investment to expand international markets and trade promotion.

Corn growers are optimistic that Congress can make key farm bill programs more effective and responsive to the needs of farmers, according to the National Corn Growers Association. NCGA President Tom Haag, a Minnesota farmer, testified to the House Agriculture General Farm Commodities, Risk Management, and Credit Subcommittee. The committee hearing focused on stakeholder priorities for the crop insurance and commodity titles. Haag says, "Corn growers consistently rank crop insurance as the most important program and title of the farm bill. NCGA broadly supports increasing the affordability of crop insurance." Haag also offered recommendations for the commodity title, saying NCGA supports increasing the maximum rate in the Agriculture Risk Coverage County program to provide increased assistance to growers who experience significant revenue losses. Haag says NCGA recommends increasing the coverage level for ARC County to make the program more responsive to revenue losses. NCGA supports the improvement of the Price Loss Coverage program, investment to expand international markets and trade promotion.

NCGA outlines farm bill priorities

The National Farmers Union calls the signing of Colorado’s Right to Repair law a win for all farmers and ranchers. 

Colorado Governor Jared Polis signed the Consumer Right to Repair Agricultural Equipment Act this week. 

NFU President Rob Larew says, "seeing a bill like this cross the finish line is a testament to the persistence of our members and the need for this issue to be addressed nationally." 

Major farm equipment manufacturers have refused to make the software tools necessary to repair modern tractors, combines, and other farm equipment available to farmers and independent mechanics. 

This leaves farmers no choice but to take their broken equipment to licensed dealerships, which has led to repair delays and inflated repair costs. Right to Repair is a key issue in NFU's Fairness for Farmers campaign, which aims to build fairer and more competitive agricultural markets, and to address the monopoly crisis in agriculture.

The National Farmers Union calls the signing of Colorado’s Right to Repair law a win for all farmers and ranchers. Colorado Governor Jared Polis signed the Consumer Right to Repair Agricultural Equipment Act this week. NFU President Rob Larew says, "seeing a bill like this cross the finish line is a testament to the persistence of our members and the need for this issue to be addressed nationally." Major farm equipment manufacturers have refused to make the software tools necessary to repair modern tractors, combines, and other farm equipment available to farmers and independent mechanics. This leaves farmers no choice but to take their broken equipment to licensed dealerships, which has led to repair delays and inflated repair costs. Right to Repair is a key issue in NFU's Fairness for Farmers campaign, which aims to build fairer and more competitive agricultural markets, and to address the monopoly crisis in agriculture.