Evening edition | Friday, September 16, 2022
In tonight’s evening edition, hear about the wheat market rebound, new programs that fund regenerative farming practices, and opposition to carbon pipeline investigations in Iowa.
Wheat market rebound
Wheat futures charts point to a market that has fallen from spring highs, consolidated and is now in a position to rally, writes Bryan Doherty of Total Farm Marketing.
The rising dollar and improving spring wheat conditions, combined with the movement of grain out of Ukraine, all put pressure on wheat prices.
However, the main driver is the northern hemisphere crops which are unlikely to live up to their potential.
Regenerative agricultural programs
American Farmland Trust has received a $30 million USDA grant to help move the US beef supply chain to carbon neutrality.
The project is designed to improve the production of climate-smart beef by expanding market opportunities such as direct sales through local farmers’ markets, regional distribution channels, and national and global food companies.
Rural Investment to Protect Our Environment (RIPE) also received a pilot program grant from the USDA.
The $80 million grant will fund a three-year pilot program.
RIPE and its partners will help agricultural producers in Arkansas, Minnesota, North Dakota and Virginia prove the value of paying farmers and ranchers $100 per acre or animal unit for stewardship practices by carbon sequestration, greenhouse gas reduction, improved soil health, water quality, water conservation and other environmental services.
ADM and PepsiCo announced an agreement to collaborate on projects to extend regenerative agriculture to their shared North American supply chains.
The long-term deal will initially recruit corn, soybean and wheat growers from Kansas, Minnesota, Iowa, Illinois, Indiana and Nebraska, with the possibility of future expansion , in order to increase visibility on the value chain and integrate a range of multi-year farmers. -early regenerative agriculture initiatives, including cover crops, reduced tillage, nutrient management, diverse rotations, and responsible pesticide use.
Carbon pipeline in Iowa
An Iowa law that allows hazardous liquids pipeline companies to access private property for surveys violates the state constitution, multiple landowners argued in state court.
The argument is a response to lawsuits Navigator CO2 Ventures filed against them last month, claiming the landowners barred the company’s agents from carrying out the investigations and, in two cases, threatened them with physical harm.
Three companies are trying to negotiate with Iowa landowners for paid easements to install the pipelines on their properties.