READ the NAFB’s National Ag News for Tuesday, July 20th

Sponsored by the American Farm Bureau Federation

Animal Ag Organizations Launch Protein PACT

U.S. animal agriculture groups Monday announced the Protein PACT. The coalition is the first joint initiative designed to accelerate momentum and verify progress toward global sustainable development goals across the animal protein sector. The Protein PACT was submitted to the UN Food Systems Summit as a sustainability game changer, and sustainable livestock and poultry production will be featured in a side event at the upcoming Food Systems Summit ministerial in Rome next week. Alongside the debut of the Protein PACT, the North American Meat Institute released its draft sustainability framework and is soliciting public comments to set transparent baselines and measure progress toward sustainability goals. Meat Institute President and CEO Julie Anna Potts states the framework “encompasses more than 100 metrics developed through extensive collaboration with sustainability experts, supply chain partners, and Meat Institute members.” Other members of the Protein PACT include the National Pork Board, The U.S. Meat Export Federation and the National Corn Growers Association.

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Deadline Fast Approaching for Conservation Reserve Program General Signup

The Department of Agriculture reminds producers the signup deadline for the Conservation Reserve Program current general signup is fast approaching. Eligible producers must submit their offers by July 23, 2021. USDA’s Farm Service Agency made several changes to CRP to make it more appealing to all producers, including those who are historically underserved, beginning, and veterans. FSA added incentives to encourage producers to include climate-smart practices in their operations to increase natural resource and environmental benefits. FSA Administrator Zach Ducheneaux ((DOO-shu-know) says to farmers, “Explore the increased payment rates and new incentives for climate-smart agricultural practices to see if elements of the revamped CRP fit your operation.” USDA’s goal is to enroll up to four million new CRP acres by raising payment rates and expanding the incentives offered under the program. CRP is capped at 25 million acres for fiscal year 2021, but the cap will gradually increase to 27 million acres by fiscal year 2023.

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Rabobank, TELUS Agriculture Purchase Conservis

Rabobank and TELUS Agriculture Monday announced the acquisition of Conservis, a company that integrates farm technologies into one streamlined management interface. Together, Rabobank and TELUS Agriculture bring the expertise, experience, and global presence to further develop the Conservis farm management platform. The platform helps solve farmers’ data challenges, empower their decision-making, and create sustainable, profitable opportunities with other contributors in the food value chain. Conservis enables family and institutional farms to organize data from different sources, eliminate error-prone manual entries, create business plans, and confidently manage costs, production and marketing throughout the entire year. The companies say that Conservis customers have a solution that aggregates a farm’s data into a single resource. Since 2018, Rabobank’s Rabo AgriFinance has been a development partner for Conservis. Rabobank Managing Board member Berry Marttin states, “we look forward to partnering with them and leveraging their team’s expertise and technological integration across the food system.”

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Pivot Bio Raises $430 Million to Replace Synthetic Fertilizers in Agriculture

Pivot Bio Monday announced the close of a $430 million Series D funding, bringing the total equity raised to more than $600 million. In venture capital terminology, the term Series D Funding refers to the fourth stage of a financing cycle of new business growth. The funding will fuel the company’s release of products focused on replacing the $60 billion of synthetic nitrogen fertilizer sold each year to sustain corn, wheat, and rice. Pivot Bio says synthetic nitrogen fertilizer supports the demands of today’s global food system. However, the company calls synthetic nitrogen fertilizer inefficient, expensive for farmers, and it contributes to seven percent of global greenhouse gas emissions, depletes soils, and harms water supplies and fisheries. Since the company introduced the industry’s first commercially available microbial nitrogen in 2019, Pivot Bio has replaced synthetic nitrogen on more than one million crop acres in 2021 alone, representing more than 300 percent growth year-over-year and unprecedented agricultural product adoption.

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OPEC to Raise Oil Production to Pre-COVID Levels

The nation’s average gas price increased 1.3 cents per gallon from a week ago to $3.16 per gallon. But relief may be on the way with oil production increases coming. The national average now stands 10.2 cents higher than a month ago and 98.0 cents higher than a year ago. The national average price of diesel increased 2.0 cents in the last week and stands at $3.27 per gallon. U.S. gasoline demand rose slightly last week across most of the nation. Nationally, weekly gasoline demand rose 1.8 percent. OPEC, however, plans to increase production monthly until 2022, reaching pre-COVID levels. Patrick De Haan, head of petroleum analysis for GasBuddy, says, “It’s a positive development in light of U.S. gasoline demand which rose nearly two percent last week, which should act as a loose ceiling on the price of oil.” With the announced production increases, fuel prices are closer to seeing a peak in national averages.

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Farm Journal Announces Easton Corbin to Headline #FarmON Benefit Concert 

Farm Journal recently announced country music star Easton Corbin will headline the live 2021 #FarmON Benefit Concert during Farm Journal Field Days. Proceeds from this second annual benefit concert will go to the National FFA Foundation. Highlights from the concert will air in prime time on Monday, September 20, 2021, from 7 to 8 p.m. CDT, on RFD-TV and stream on other online and social networks. Farm Journal President Charlene Finck states, “This concert not only serves as the grand finale event of our Great American Farm Show experience but also as a thank you to farmers, ranchers and everyone who keeps our food system moving forward.” The #FarmON movement is fueled by the engagement of farmers and ranchers everywhere and will be a prominent part of the Great American Farm Show, which includes the 29th annual Pro Farmer Crop Tour and Farm Journal Field Days.  For more information about the #FarmON Benefit Concert and Farm Journal Field Days, go to www.farmjournalfielddays.com.

SOURCE: NAFB News Service

By Brian Allmer - The BARN

Tucker Allmer & the BARN are members of the National Association of Farm Broadcasting (NAFB), the Colorado FFA Foundation, the Colorado 4H Foundation, the Colorado Farm Show Marketing Committee, 1867 Club Board Member, Denver Ag & Livestock Club Member, the Weld County Fair Board, the Briggsdale FFA Advisory Council, Briggsdale 4H Club Beef Leader & Founder / Coordinator of the Briggsdale Classic Open Jackpot Show.