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: 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...
