READ the NAFB’s National Ag News for Tuesday, August 10th

Sponsored by the American Farm Bureau Federation

Ag, Biofuel, Call for DOE Analysis of Sustainable Aviation fuel Tax Credits

Biofuel and agriculture groups call on lawmakers to provide an accountable life cycle analysis for sustainable aviation fuel tax credits. In an effort to decarbonize transportation and reduce aviation emissions, Congress is considering new legislation to establish a tax credit to promote and develop robust domestic sustainable aviation fuel production.  The groups say in a letter to the Senate Finance Committee and the House Ways and Means Committee, “We urge you to make the Department of Energy the lead agency in establishing a regularly updated Life Cycle Analysis for any sustainable aviation fuel credit.” The letter was signed by Growth Energy, the American Farm Bureau Federation, National Biodiesel Board, National Corn Growers Association, National Farmers Union, and the Renewable Fuels Association. The letter also pointed out that carbon intensity estimates under the International Civil Aviation Organization for some sustainable aviation fuel sources are “wildly inaccurate and incorrectly penalized” and cannot be supported.

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Vilsack, Tai, to Meet with USDA Ag Policy Committee

Agriculture Secretary Tom Vilsack and U.S. Trade Representative Katherine Tai will meet with the Agricultural Policy Advisory Committee Friday. The committee, managed by the Department of Agriculture and the U.S. Trade Representative’s office, offers advice on U.S. trade policy. Topics include current and new trade deals, trade agreement implementation and concerns within the agreements. The committee consists of six technical advisory boards, including animals, fruits and vegetables, grains, processed foods, sweeteners and a final group focused on tobacco, cotton and peanuts. Committee members represent U.S. food and agriculture groups and major agribusinesses, including the American Farm Bureau Federation, National Corn Growers Association and the National Cattlemen’s Beef Association, along with Corteva, ADM, and others. The advisory committee system was created by the U.S. Congress in 1974 to ensure that U.S. trade policy and trade negotiating objectives adequately reflect U.S. public- and private-sector interests. USDA’s Foreign Agricultural Service provides administrative and other necessary support for the Committee.

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Cargill and Continental Grain Purchasing Sanderson Farms

Cargill and the Continental Grain Company Monday announced a joint-venture agreement to acquire Sanderson Farms, the third-largest poultry producer in the United States. The all-cash purchase totals $4.53 billion, or $203 per share, a 30.3 percent premium to Sanderson Farms’ share price of $155.74 on June 18, 2021. Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business. In a statement, Cargill says the combination of Sanderson Farms and Wayne Farms will create a “best-in-class U.S. poultry company with a high-quality asset base, complementary operating cultures, and an industry-leading management team and workforce.”  Chairman and CEO of Cargill David MacLennan says, “Expanding our poultry offerings to the U.S. is a key enabler of our ability to meet customer and consumer demands.” Operations will include poultry processing plants and prepared foods plants across Alabama, Arkansas, Georgia, Louisiana, Mississippi, North Carolina, and Texas.

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Pro Farmer Crop Tour Next Week

Pro Farmer scouts will fan out across the Corn Belt to measure this year’s corn and soybean yield potential during the 29th annual Pro Farmer Crop Tour next week, August 15-19.  The tour is an August ritual covering seven Midwestern states and capturing the attention of the industry and national media. Observations and results will be shared nightly at in-person events and live-streamed online. Pro Farmer Editor and Eastern Tour Director Brian Grete says, “Crop tour will give us a first-hand look at whether the good areas are enough to compensate for the poorer locations.” The event is the most thorough and most followed inspection of yield potential during a critical time in the growing season. A summary of findings from the tour will be presented nightly at 7 p.m. central time, through a live-streamed broadcast hosted by Clinton Griffiths, Tyne Morgan, Chip Flory and Brian Grete. Free registration is required and available at www.ProFarmer.com/register.

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U.S. Beef and Pork Exports on Record Pace through June

U.S. red meat exports closed the first half of the year on a strong note, according to the U.S. Meat Export Federation. Although volume and value eased from April and May, export value was still the highest on record for the month of June, and first-half shipments established a record pace for both beef and pork. June beef exports totaled 112,200 metric tons, up 42 percent from a year ago when exports were still hampered by COVID-19 disruptions. Export value was $804.4 million, up 68 percent from a year ago and the third-highest on record. First-half exports reached over 700,000 metric tons, up 18 percent from a year ago. Pork exports reached 238,000 metric tons in June, up 15 percent from a year ago, while export value climbed 35 percent to $696.8 million. First-half pork exports topped last year’s record pace by one percent at 1.58 million metric tons, valued at $4.33 billion.

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AEM President Dennis J. Slater to Retire

The Association of Equipment Manufacturers President Dennis Slater will retire at the end of the year, the organization announced late last week. The AEM Board of Directors has selected AEM’s Construction and Utility Sector Senior Vice President Megan Tanel to succeed Slater and serve as AEM President effective January 2022. Slater, 63, joined AEM’s predecessor, the Construction Industry Manufacturers Association in 1982, becoming president of CIMA in 1998 and president of the newly formed AEM in 2002, after a merger between CIMA and Equipment Manufacturers Institute.  AEM Chair Chairman Steve Berglund says, “Through Dennis’ leadership and impressive contributions to the industry for nearly 40 years, AEM has built tremendous value and momentum for our members and the industry.” Tanel, 48, joined AEM in 1995 as an intern, becoming a full-time employee later that year. She quickly grew in leadership to her most recent position of Senior Vice President, Construction & Utility Sector.

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.