September 7, 2023

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A five-minute summary of AAI, regulation, and industry activities for members of the largest state agribusiness association in the nation.

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WEDNESDAY FORECAST FOR AMES: 71°

(AKA the PERFECT day for golf)


REGISTER FOR SEPT. 13 OUTING

AAI IN ACTION

Tour Kicks Off Environment & Agronomy Joint Committee Meeting

A tour of the Des Moines Water Works facility kicked off the day on Thursday for the Environment and Agronomy Committees as part of their September meeting. The group was able to see the inner workings and hear about the processes needed to provide water for approximately half a million customers in central Iowa.


On the agenda for the meeting portion of the day was a recap of recent events related to the focus of both committees. The Drone Workshop, which took place in June was a direct result of discussions during a committee meeting early in the year. Those who attended shared their takeaways from hearing about regulations for flying drones, regulations for aerial spraying, and insight from aerial applicators whose manned aircraft occupy the same space as drones.


Committee members also discussed current regulations from the US EPA related to the Endangered Species Act and regulations that are showing up in other states.


Iowa Nitrogen Initiative

The group focused in on an extensive discussion around the Iowa Nitrogen Initiative (INI) and the involvement of AAI members in the future success of the research. A key aspect of collecting data is connecting with farmers who can benefit from trials within their fields using variable rate applications to find the optimum nitrogen rates for their corn crop. While some fields may generate more profit from lower nitrogen applications rates, past data has shown the optimum rate is sometimes much higher than what is normally applied. The committees discussed options for raising awareness about INI and ways to help retailers share the option to participate with the appropriate farmer customers.


Get Involved!

The direction and impact of the association is a direct result of committee activities. Committees provide input and direction for the Board of Directors actions. You or someone within your company can serve on a committee by emailing aai@agribiz.org, calling the AAI office, or filling out a form online at:

https://www.agribiz.org/benefits-of-membership/join-a-committee/

AAI Golf Outings

#PERFECT WEATHER


Register for the final AAI Golf Outing of the Season!


AAI Golf Outing at Coldwater Golf Links | Ames, Iowa

September 13 - 10:00 AM Shotgun Start

REGISTER HERE

July 13 - Okoboji, Iowa

Emerald Hills Golf Course

Aug. 24 - Amana, Iowa

Amana Colonies Golf Course

Sept. 13 - Ames, Iowa

Coldwater Golf Links

Enjoy the last weeks of summer knowing you'll be on the course with your AAI peers.

 

Golfer Benefits

  • Delicious lunch
  • Complimentary soft drinks and snacks on the course
  • Trophy and prizes for the winning team
  • Four Hole In One opportunities on every course! Win cash or prizes!
  • Entry into prize raffle
  • Prizes for the longest and closest shots

 

Take this opportunity to catch up with others in the industry, chat with AAI CEO Bill Northey, interact with the AAI Board of Directors, and enjoy a great day on the golf course. Of course, you'll also have fun with your colleagues as you support the success of the agribusiness industry in Iowa.

Do you or your company have something you'd like to contribute for the raffle drawings?

Send Us An Email

Out And About

Nitrogen Initiative Field Day

In Attendance:

Ben Gleason, INREC Executive Director

 

Iowa Nutrient Research and Education Council Board Meeting

In Attendance:

Bill Northey, AAI CEO

Ben Gleason, INREC Executive Director

ASSOCIATION CALENDAR

September 12

AAI Showcase Committee

10:00 AM | AAI Main Office Board Room


September 13

AAI Golf Outing - Coldwater Golf Links

10:00 AM Shotgun Start | Ames, Iowa


September 14

AAI Board of Directors Meeting

8:00 AM | World Food Prize Hall of Laureates

AROUND THE INDUSTRY

DMACC Agribusiness Career Fair - Sept. 26

Des Moines Area Community College (DMACC) will be holding a career fair at their Ankeny campus on September 26, 2023 from 9:00 AM to 2:00 PM.


Companies wishing to take part in the career fair can register at the following link:

DMACC Career Fair Company Registration


Questions about the event should be directed to Andrea Rouse at adrouse@dmacc.edu

HIGHLIGHTS FROM THE NEWS

CropLife America Turns 90

Source: CropLife Media

soybeans person

There’s something undeniably special about anything turning 90 — be it an individual, a company, or a trade association. The reason is simple — not too many people/organizations ever make it the nine-decade mark in the first place. That’s why the world-at-large tends to honor any entity that reaches this important milestone.


Of course, for legacy trade associations, one of the secrets to being in business for this long has a lot to do with knowing when to adapt to the changing world around them. Otherwise, they run the very serious risk of not remaining relevant or remaining viable.


For example, take the case of Arlington, VA-based CropLife America. Founded in 1933, the organization is celebrating its 90th anniversary in 2023. According to Chris Novak, President/CEO, the major reason his association has survived through nine decades ties directly back to its ability to evolve as the industry it serves has.


“If there’s one word that best describes CropLife America today, it has to be innovation,” says Novak. “In agriculture, we are and have been a technology industry that provides service to farmers. But the innovation has certainly changed and evolved over those 90 years.


“I also think that as an organization, we are doing things very differently today than what we did 50 years ago, 20 years ago, or even 10 years ago,” he continues. “The way we communicate to Congress, legislators, and other market influencers who impact our industry has changed this whole time.”


[...] Read Full Story

China asks fertilizer producers to suspend urea exports

Source: FeedStuffs

China has asked some fertilizer producers to suspend urea exports after domestic prices jumped, a move that’s likely to restrict supplies and boost costs for farmers in key buyers such as India.


Some major Chinese fertilizer makers halted signing new export deals from early this month following a government mandate, according to people familiar with the matter, who asked not to be identified as they’re not authorized to speak to the media. The restriction only applies to urea so far, they said.


Urea futures on the Zhengzhou Commodity Exchange surged almost 50% over a seven-week period from mid-June to the end of July, but have fluctuated since. Prices slid almost 6% on Thursday, snapping two days of gains.


Low Chinese inventories and higher exports had combined to push urea prices higher, said Chen Li, an analyst with Huatai Futures in Guangdong. “Fertilizer use in crops like soybeans and corn in the first half of the year should have risen due to more top-dressing demand after extreme weather,” she said.


China is the world’s top producer and consumer of urea and any significant decline in exports threatens to tighten supplies and push up global prices. Among the biggest export markets for the nation’s crop nutrient are India, South Korea, Myanmar and Australia.


[...] Read Full Story

USDA estimates net farm income to drop nearly $42 billion this year

Source: AgDaily

Net farm incomes in the United States is projected to decrease by $41.78 billion (or 22.8 percent) this year. That’s according to the U.S. Department of Agriculture Economic Research Service’s August 2023 Farm Income Forecast that was released today. 


It’s worth noting, however, that 2022 was a record-breaking year for farm income. Net farm income, the ultimate profit scorecard for farmers, soared to a whopping $183 billion, an increase of $42.9 billion, or 30.7 percent, from 2021.


Comparatively, net cash farm income, another important measure of profitability, reached an astonishing $202.2 billion in 2022, a 35.4 percent increase from the previous year. 


In 2023, that net income is expected to take a nosedive, dropping by $53.6 billion — a significant 26.5 percent crash.


It’s all a bit of a rollercoaster ride, but things may not be quite as bad as they look. Even with the dips and dives, income measures are expected to stay above their 2003-2022 averages when adjusted for inflation. 


Putting these numbers into perspective, when adjusted for inflation, net farm income isn’t quite so dismal, but it is still set to drop by 25.4 percent in 2023. Meanwhile, net cash farm income will drop by 28.9 percent compared to the previous year. 


Farming isn’t all about revenue, though, and income in both 2022 and 2023 did not come without a rise in expenses. While 2022, the cost of farming increased by 15.2 percent, production expenses are expected to increase by 6.9 percent over the next year. 


[...] Read Full Story

Two Potentially Dicamba-Resistant Waterhemp Populations Found in Iowa

Source: Progressive Farmer

Add Iowa to the list of states where populations of waterhemp resistant to the herbicide dicamba now reside.


In a Sept. 5 post on the Iowa State University Integrated Crop Management News website, ISU Extension field agronomist Meaghan Anderson reported the university had been notified by Bayer on Sept. 1 that suspected dicamba-resistant waterhemp populations had been sampled in two Iowa counties through extensive screening.


"Further testing and analysis will be required before Bayer can definitively state whether these specific waterhemp populations are resistant to dicamba," wrote a Bayer spokesperson in response to an inquiry from DTN. "Follow-ups are being conducted with the two growers who farm the specific fields where the populations exist."


In an email to DTN, Anderson said it was her understanding that the fields -- sampled in Scott County in 2021 and Marshall County in 2022 -- were discovered due to non-performance of Bayer's XtendiMax product, which is labeled for use in dicamba-tolerant soybeans. She noted that at this time, with the waterhemp's resistance to dicamba only reported to be "likely," the extent and level of any resistance is yet to be determined. She was not aware if these waterhemp populations were resistant to other herbicides.


"I don't believe they've been tested yet, but I hope they will be in the future," she said. "I can confidently say those populations will be found to be resistant at least to Group 2 (ALS inhibitors) and will likely be found to be resistant to other herbicides as well."


[...] Read Full Story

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