On Tuesday, WPI reported that the omnibus appropriations bill included the Growing Climate Solutions Act, prior to farm bill consideration. The legislation is designed to help create carbon markets and support farmers directly accessing those markets based on USDA’s technical assistance and certification. The concept is not unlike the Ag Marketing Service’s Process Verified Program (PVP). Since one of the marquee issues – sustainability and carbon reduction – of the farm bill debate is seemingly addressed by this program, following is a summary of what the legislation would do. It directs USDA and the Environmental Protection Agency (EPA) to produce a study to:
Determine how voluntary carbon markets oper...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
