A five-minute summary of AAI, regulation, and industry activities for members of the largest state agribusiness association in the nation. | |
We Look Forward To Seeing You Next Week at SHOWCASE! | |
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February 14-15
2023 AGRIBUSINESS
SHOWCASE & CONFERENCE
Iowa State Fairgrounds | Des Moines, Iowa
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EPA Accepting Comments on Rodenticides | |
The Environmental Protection Agency (EPA) is accepting comments until February 13 on its proposed mitigation measures for 11 rodenticides. The proposals are the most significant changes to rodenticides in 15 years and will result in the canceling of products and uses, adding more requirements to the labels, and reclassifying some products as Restricted Use Pesticides (RUP) which will result in additional requirements.
After the comment period ends, the EPA will consider the comments received and then issue interim or final registration review decisions for the rodenticides, which finalize the risk mitigation measures they decide to require.
AAI submitted comments today. Click below to read AAI’s comment letter:
Rodenticide Comment Letter from AAI
You are encouraged to submit comments with the Agricultural Retailers Association. Visit ARA's website and add your own stories about the effectiveness of rodenticides to supplement ARA's pre-written message of support:
ARADC Comment Submission Page
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Iowa Nitrogen Initiative Regional Meetings | |
Farmers, crop advisors, custom fertilizer applicators, and others involved in crop production are invited to attend the 2023 Iowa Nitrogen Initiative Winter Meetings. Hear about the 2022 trials and learn how to participate in 2023.
Meetings begin at noon with free lunch at the following dates and locations:
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Monday, February 20: Northeast Demonstration Farm, Nashua
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Wednesday, February 22: AgState Cooperative, Albert City
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Friday, February 24: Washington County Extension, Washington
A virtual meeting will be held on Thursday, February 23 from 2:00 - 3:00 PM.
For more information and to RSVP visit:
Iowa Nitrogen Initiative Winter Meeting RSVP (google.com)
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February 14 & 15
Agribusiness Showcase & Conference
Knapp Varied Industries Building
Iowa State Fairgrounds | Des Moines, Iowa
Click Here to Register Online
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WATCH THE AGRIBUSINESS REPORT | |
Iowa Forage & Grassland Council Conference | |
The Iowa Forage and Grassland Council annual conference will return to Ames with a full day of information. Set for Feb. 28, the event will be held at Reiman Gardens, 1407 University Blvd., just to the southwest of Jack Trice Stadium.
Registration begins at 9:30 AM with a welcome and introductions at 10 AM. Two presentations are on tap for the morning session and lunch at noon is followed by the IFGC annual meeting. There are two afternoon sessions beginning at 1:15 PM and closing remarks at 3:15 PM. The program concludes at 3:30 PM.
To register, visit: https://agribiz.swoogo.com/2023ifgc
The conference is open to the public for $45. IFGC members pay $30 and those who have not yet paid dues can do so during the online registration process. All attendees will be able to explore the exhibits that are open at Reiman Gardens, including the popular Butterfly Wing, during the day. See the agenda, registration form and map to Reiman Gardens at the conference website link above.
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Source: Progressive Farmer
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It wasn't that long ago that barges were unable to move safely on the Lower Mississippi and Ohio Rivers. Record low water levels were recorded at Memphis, Tennessee, of -10.81 feet below zero gauge in October 2022. Barges were littered along parts of the Ohio and Mississippi Rivers after sandbars caused them to ground. Dredges were working overtime to free stuck barges and to keep channels open for barges needing to get to the Gulf. During that time, American Commercial Barge Line called the low water "catastrophic."
As the calendar turned to February 2023, decent precipitation helped water levels increase on the Mississippi River at Memphis, Tennessee, and the Ohio River at Cairo -- two of the most troubled spots in 2022. As of Feb. 5, the level at Cairo looks good, but the gauge at Memphis shows the river falling to a low-level stage by the middle of the month without more rain.
At St. Louis, Missouri, there were some increases in the Mississippi River levels the past few months, but the level always returned to below zero gauge as the river there didn't see the same moisture as the other cities. As of Feb 5, the water level is at -1.02 feet below zero gauge and falling.
The past week, barges were able to increase drafts to 11 feet at St. Louis after being at 9 feet, 6 inches during the end of January, but that is subject to change if the water levels fall more. When drafts are cut due to poor conditions, the freight costs remain the same regardless of the change in drafts.
[...] Read Full Story
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People aren’t buying as much beer as they used to, and it’s not a great indicator for the economy.
U.S. beer shipment to wholesalers declined 14.1% in December 2022 compared to the year prior, according to a Wells Fargo note published on Jan. 27. Compared to 2020, shipping volume is down 19.4%. We saw the lowest volume since 2012 in December.
It’s not as clear as saying that people simply don’t want beer, or that consumers are becoming more budget-conscious. There are a few factors afoot here.
Beer became suddenly pricey at the end of last year. Beer prices at retail, which doesn’t include bars or restaurants, popped 7% during the last 13 weeks of 2022, according to industry data provider Bump Williams Consulting. This is an unusually high increase, the consulting firm said.
That price increase is showing up in how people are buying brews, said Dave Williams, vice president of Bump Williams Consulting. People are increasingly buying, say, 12-packs over 30-packs or even single servings of beer.
They’re trading down too — snagging the more economic Keystone over comparatively pricey Coors. That explains why the “below premium” segment was the only one to see an increase in demand in January compared to January 2022, according to the National Beer Wholesalers Association’s Beer Purchasers’ Index.
[...] Read Full Story
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Farm sector profits are projected to fall in 2023 after record highs in 2022. Net farm income, a broad measure of profits, is forecast at $136.9 billion in the calendar year 2023, a 15.9 percent decrease compared to 2022.
In 2022 the agriculture industry reached a record high of $167.3 billion, its highest level since 1973 after adjusting for inflation. Despite the expected decline in 2023, net farm income would remain 26.6 percent above its 20-year average of $108.1 billion in inflation-adjusted dollars.
When adjusted for inflation, the U.S. Department of Agriculture anticipates that gross cash income minus cash expenses will decrease by $44.7 billion, to $150.6 billion, in 2023, a 22.9 percent decline.
Meanwhile, cash receipts from the sale of agricultural commodities are forecast to decrease by $23.6 billion or 4.3 percent from a forecast record high of $543.4 billion in 2022 to $519.9 billion in 2023.
Contributing to forecast lower income in 2023 are lower direct government payments and higher production expenses. Direct government payments are forecast to fall by $5.4 billion or 34.4 percent from 2022 to $10.2 billion in 2023. This decrease is expected largely because of lower supplemental and ad hoc disaster assistance in 2023 relative to 2022.
[...] Read Full Story
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Eating more fruits and vegetables and less sugar ranked highly as potential changes to eating behaviors related to New Year's resolutions, according to the January Consumer Food Insights Report. This month's report also summarizes and discusses the state of the survey indicators after one full year of data collection.
The survey-based report out of Purdue University's Center for Food Demand Analysis and Sustainability assesses food spending, consumer satisfaction and values, support of agricultural and food policies, and trust in information sources. Purdue experts conducted and evaluated the survey, which included 1,200 consumers across the United States.
"People are generally knowledgeable about the actions needed to improve health and want to pursue them – such as increasing fruits and vegetables and exercising more," said Jayson Lusk, the department head and Distinguished Professor of Agricultural Economics at Purdue who leads the center. "However, they don't necessarily want to give up on taste and indulgences. For example, eating less meat or drinking less alcohol is low on the list of priorities of most Americans."
Purdue Universityfood-beliefsLO.jpg
As the Consumer Food Insights Report has noted previously, food spending is up significantly — 19% — from a year ago. Grocery spending, however, has remained effectively flat for the past six months.
[...] Read Full Story
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THE AGRIBUSINESS REPORT
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