NATIONAL AG NEWS SPONSORED BY THE AMERICAN FARM BUREAU FEDERATION

National Ag News for July 1, 2022

USDA Releases Planted Acreage and Grain Stocks Reports

The USDA’s Acreage Report shows farmers have planted 89.9 million acres of corn, down four percent from last year. Soybean planted area for 2022 is estimated at 88.3 million acres, one percent higher than last year. The all-wheat planted area is estimated to be 47.1 million acres, one percent higher than last year. If realized, this represents the fifth-lowest all wheat planted area since records began in 1919. The 2022 winter wheat planted area is 34 million acres, one percent higher than 2021. Because of planting delays in Minnesota, North Dakota, and South Dakota, the acreage numbers will be updated in August. Corn stocks, in all positions, totaled 4.35 billion bushels on June 1, up six percent from last year. Soybeans stored in all positions totaled 971 million bushels, up 26 percent from last year. Old crop-all wheat in all positions totaled 660 million bushels, 22 percent lower than 2021.

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Court of International Trade Looking Into High Fertilizer Prices

The Court of International Trade is considering an appeal against the U.S. International Trade Commission’s decision to place duties on phosphorous fertilizers from Morocco and Russia. The National Corn Growers Association says that’s put fertilizer companies under scrutiny this week. “We’ve been sounding the alarm for a long time and telling officials these tariffs are hurting farmers,” says NCGA President Chris Edgington. “We finally have seen results as a judge with the Court of International Trade began asking tough questions about the assertions made by fertilizer companies.” The appeal comes after the Department of Commerce and the International Trade Commission ruled last year in favor of a petition by U.S.-based Mosaic to impose duties on phosphorous fertilizers imported from Russia and Morocco. Mosaic claimed the imports were unfairly subsidized and undercutting prices in the U.S. Decisions from the ITC and the Court of International Trade are expected later this summer.

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U.S. Biofuel Groups Applaud Canada Clean Fuel Regulations

The U.S. Grains Council, Growth Energy, and the Renewable Fuels Association applauded Canada for its finalized Clean Fuel Regulations. Those regulations are an initiative to reduce the lifecycle carbon intensity of fuel and energy used in Canada. That will help Canada achieve more than 20 million tons of annual reductions in greenhouse gas emissions by 2030. The Canadian Clean Fuel Regulations will rely heavily on the use of low-carbon biofuels like ethanol. The program will include an average of 15 percent ethanol in gasoline by 2030. The groups issued a release commending Canada as a global leader because of its plan to slash greenhouse gas emissions from the transportation sector through higher blends of biofuels. The groups say the Clean Fuel Regulations in Canada set the country on a path toward better air quality, energy security, and carbon mitigation by moving to achievable goals like 15 percent ethanol in all gasoline by 2030.

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Additional Steps to Strengthen Child Nutrition Programs

USDA will provide nearly $1 billion in additional funding to help schools purchase American-grown food for their meal programs. The agency also says the recent signing of the Keep Kids Fed Act equips schools, summer meal sites, and childcare programs with extra resources so they can continue serving children through the 2022-2023 school year. Both moves are a response to the significant challenges child nutrition program operators continue to face, such as high food costs and supply chain disruptions. The $943 million boost from the department is getting provided through the USDA’s Commodity Credit Corporation. Funds will be distributed by state agencies to schools across the country to help them buy domestically-grown foods for their meal programs. This assistance builds on the $1 billion in Supply Chain Assistance funds USDA allocated in December 2021, which states can use this year as well as the next to provide schools with funding for commodity purchases.

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TFI Appreciates Congressional Letter on Rail Service Issues

The Fertilizer Institute’s President and CEO, Corey Rosenbusch, praised the bipartisan congressional letter sent this week to the Surface Transportation Board regarding poor railroad service. The letter outlined the negative impact the poor service is having on the fertilizer industry and the overall agricultural sector. “With over half of all fertilizer moving by rail, we are grateful for the 51 lawmakers who brought the issue of inconsistent rail service to the Surface Transportation Board’s attention,” says Rosenbusch. Fertilizer shipments heavily rely on railroads to reach farmers, but imposed restrictions, along with skeleton crews and railroad-led initiatives such as precision-scheduled railroading have forced fertilizer shipping reductions and potential delays. “With the world leaning on U.S. farmers more than ever before to feed the growing population, fertilizer must get to farmers in a timely manner and crops harvests also need to get to their destinations promptly, including the kitchen table,” Rosenbusch adds.

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U.S. Hog Inventory Down One Percent

The U.S. hog herd totaled 72.5 million hogs and pigs on farms across the country, down one percent from June 2021. The Quarterly Hogs and Pigs Report shows that number is down slightly from the March 1 report. Other findings in the report from the National Ag Statistics Service show of the 72.5 million hogs and pigs, 66.4 million were market hogs, and 6.17 million were kept for breeding. Between March and May, 32.9 million hogs were weaned on U.S. farms, a one percent drop from the same time last year. During that same timeframe, producers weaned an average of 11 pigs per litter. Hog producers intend to have 3.02 million sows farrow between June and August and 3.01 million sows between September and November. Iowa has the largest inventory among the states at 23 million head. Minnesota was second at 8.4 million head. North Carolina was third with 8.2 million.

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By Tucker 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.