There's an old adage that in politics, timing is everything. About nine months ago, vastly expanding the acreage set-aside under the Conservation Research Program (CRP) might have seemed like a good idea. After the April WASDE, not so much. Yet, with the focus on creating value for producers through sequestering carbon, a bill that would double CRP acres was introduced in Congress yesterday.
The Climate Stewardship Act, introduced by Agriculture Committee members Senator Cory Booker (D-New Jersey) and Representative Abigail Spanberger (D-Virginia) picks up the gauntlet from former House Agriculture Committee Chairman Collin Peterson (D-Minnesota) who last December, right before he left office, argued that expanding the CRP was preferable...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
