Did you miss some information this week? Learn on – we’ve made it straightforward to catch up! Right here’s a set of the highest headlines in agriculture.
Midterm elections complicate Farm Invoice
After midterm elections, reaching compromises to craft the 2023 Farm Invoice may very well be extra of au problem, two political professionals say. Republicans are anticipated to carry a skinny Home majority when all of the counting is completed, which suggests the Agriculture Committee chair will possible be present rating member Rep. Glenn “GT” Thompson, R-Pa. Debate over the invoice might additionally embody dialogue on the Farm Workforce Modernization Act, Cattle Value Discovery and Transparency Act, and the Rising Local weather Options Act. – Farm Progress
USDA raises corn, soybean yields
The World Ag Outlook Board launched the November 2022 World Agricultural Provide and Demand Estimates Wednesday. The 2022 U.S. corn and soybean crops are barely greater than the earlier month’s estimates, however the slight yield will increase are nicely beneath trendline estimates and can hold some provide tightness within the markets, says market analyst Jacqueline Holland. Learn the complete report recap. – Farm Futures
Rail corporations, unions lengthen negotiation
The NCCC representing main rail corporations and the Worldwide Brotherhood of Teamsters (BMWED) agreed Wednesday to lengthen the cooling off interval initially set to run out November 19. This transfer pushes off a strike till at the least December 4. 4 main unions agreed to coordinate the date on which they might probably go on strike. – Farm Progress
Rates of interest concern ag lenders
The highest concern dealing with agricultural lenders going into 2023 is rate of interest volatility, in response to the 2022 Agricultural Lender Survey report. practically half of respondents (49.0%) ranked rate of interest volatility amongst their high two issues, up 35.5% factors from final yr. Lenders cited inflationary strain as their primary concern for producers. – Feedstuffs
Vacation baking prices up 16.2%
Vacation baking shall be dearer this yr as fundamentals like milk, eggs, flour and sugar have all risen since final yr. A few of these typical baking objects are increased attributable to manufacturing points attributable to Mom Nature, whereas others are rooted in provide/demand market components. Total, The Oct. 13 Bureau of Labor Statistics Client Value Index confirmed the index for meals at house rose 13% during the last 12 months. – Southwest Farm Press
Startup acquires Corteva’s Granular Enterprise
Traction Ag, a cloud-based accounting software program agency, will improve its service with the farm monetary administration software program provided within the Granular product. Granular Enterprise is now known as Traction Enterprise Operations. Regardless of the sale, Corteva stays invested in creating digital instruments that “enhance the general worth we ship to our clients.” – Farm Progress
Improve nitrogen effectivity with tech
Intelinair and Yara North America are becoming a member of forces to make use of the facility of every of their applied sciences to assist growers higher decide how a lot nitrogen must be utilized. Intelinair’s AgMRI early-season analytics will mechanically ship farmers nitrogen updates in the course of the rising season. Suggestions are then custom-made to administration zones inside the discipline. – Indiana Prairie Farmer
