NATIONAL AG NEWS SPONSORED BY THE AMERICAN FARM BUREAU FEDERATION

National Ag News for October 14, 2022

Consumer Price Index Summary

The Consumer Price Index rose 0.4 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported Thursday. The food index increased 0.8 percent in September, the same increase as August. The food at home index rose 0.7 percent in September as all six major grocery store food group indexes increased. The index for fruits and vegetables rose 1.6 percent, while the index for cereals and bakery products rose 0.9 percent. The index for meats, poultry, fish, and eggs rose 0.4 percent, while the index for nonalcoholic beverages increased 0.6 percent in September. The dairy index rose 0.3 percent in September, the same increase as the previous month. The food away from home index rose 0.9 percent in September, as it did in August. The food at home index rose 13.0 percent over the last 12 months, and the index for food away from home rose 8.5 percent over the last year.

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MacKenzie Scott Gift to 4-H to Strengthen Workforce

The National 4-H Council Thursday shared details of the $50 million unrestricted gift from writer and philanthropist MacKenzie Scott, announced in February. The gift will help close the opportunity gap for America’s youth. Over the next five years, National 4-H Council will allocate $10 million to strengthen the 4-H workforce and optimize 4-H youth programming. The investment will accelerate 4-H’s ability to meet the needs of young people today and tomorrow while providing the professional development and training required to deliver quality, relevant and impactful programming. The Board will preserve the remainder of the gift for the long term to ensure that National 4-H Council can sustain programs and activities that have the greatest benefits for 4-H youth development in the future and to ensure the gift’s enduring impact. The National 4-H Council Board made its investment decisions based on an inclusive process undertaken over six months with extensive input from Cooperative Extension and land-grant university leaders.

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USDA Seeks Comment on Program Assisting Producers Who Have Experienced Discrimination

The Department of Agriculture seeks public comment on how it should implement Section 22007 of the Inflation Reduction Act. The provision aims to assist the nation’s farmers, ranchers, and forest landowners who experienced discrimination in USDA’s farm lending programs. Section 22007 provides a transformative opportunity for USDA to help farmers, ranchers, and forest landowners impacted by discrimination in USDA farm lending programs. IRA Section 22007 directs USDA to provide financial assistance to producers who have experienced discrimination in USDA’s farm lending programs and has appropriated $2.2 billion for this purpose. Agriculture Secretary Tom Vilsack says, “These actions further build on USDA’s commitment to use all the tools it has available to help farmers.” The request for information in the Federal Register asks several questions on how USDA should design and administer the program. The 30-day comment period opens Friday, October 14, and closes on November 14, 2022. USDA values your input and welcomes all comments.

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Grains Council Holds Export Exchange in Minneapolis

More than 200 international buyers and end-users of coarse grains and co-products from more than 50 countries are gathering in Minneapolis for Export Exchange 2022 to end the week. The event is co-sponsored by the U.S. Grains Council, Growth Energy and the Renewable Fuels Association. Export Exchange offers attendees an unparalleled opportunity to meet and build relationships with domestic suppliers of corn, distiller’s dried grains with solubles, sorghum, barley and other commodities. U.S. Grains Council president and CEO Ryan LeGrand says, “It is essential for us to strengthen the bonds between suppliers and partner countries, and the connections made this week will not only help propel our industry this year, but for years to come.” The global buyers were grouped into 20 trade teams that have either been in the U.S. ahead of Export Exchange or will continue their visits after the event to explore American agriculture practices and tour facilities.

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Florida Accounted for 1.7 Percent of U.S. Farm Sector Cash Receipts in 2021

New data from the Department of Agriculture shows Florida accounted for 1.7 percent of U.S. farm sector cash receipts in 2021. USDA’s Economic Research Service estimates the previous year’s farm sector cash receipts—the cash income received from agricultural commodity sales. The data includes state-level estimates, which offer background information about states subject to unexpected events that affect the agricultural sector, such as Hurricane Ian. In 2021, commodities produced in Florida contributed about $7.5 billion, or 1.7 percent, of the $434 billion in total U.S. cash receipts. Floriculture, the cultivation of flowers, accounted for the largest share of Florida’s cash receipts, valued at $1.1 billion. The next largest commodities in Florida in terms of cash receipts were oranges, at $670 million, sugarcane at $553 million, cattle and calves at $546 million, and milk $470 million. Florida led the nation in cash receipts for sugarcane, cabbage, cucumbers, watermelon, sweet corn, and snap beans.

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Taziki’s Doubles Down with American Lamb

Taziki’s Mediterranean Café and the American Lamb Board teamed up this summer to promote a new Mediterranean Lamb Burger, made with two patties of 100% American Lamb. The promotion ran from June through September. Dan Simpson, CEO of Taziki’s, says, “Our guests loved the Mediterranean flair added to comfort food and sales surpassed our expectations.” Headquartered in Birmingham, Alabama, Taziki’s Mediterranean Café has 90 locations spanning across 16 states nationally, with most locations in the Southeast. Because of its popularity, about 50 percent of the Taziki’s locations continued to offer the lamb burger for an additional month beyond the promotion period. A similar promotion was featured last year with great results, which led to a repeat feature in 2022. American Lamb Board chairman Peter Camino says, “We thank Taziki’s for their commitment to using American Lamb in their lamb burgers. Serving local lamb supports the nation’s shepherds and their families.”

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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.

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