Monday, October 9, 2023

Members in the News: October 9, 2023


David Pannell, University of Western Australia

Here's How To Fix Australia's Approach To Soil Carbon Credits So They Really Count Towards Our Climate Goals

By: Yahoo! News – September 28, 2023

“Australia’s plan to achieve net zero greenhouse gas emissions by 2050 relies heavily on carbon credits. These credits are awarded to projects that avoid the release of greenhouse gases or remove and “sequester” (store) carbon so it’s no longer warming the atmosphere. Farmers can be awarded credits for increasing soil carbon content. The federal government or companies can then purchase these credits to offset their carbon emissions. These credits must represent genuine carbon sequestration if they are to mitigate climate change.”

Read More On: Yahoo! News

Amit Batabyal, Rochester Institute of Technology

We Can Make Russia Pay Ukraine Literally For Needlessly Starting War

By: Rochester Business Journal – September 29, 2023

“Two key points made in this report are worth emphasizing. First, to those who argue that a state such as Russia is invulnerable to the judgements or penalties imposed by foreign courts (the sovereign immunity argument), the report says that this argument is valid only in judicial proceedings and it cannot be used to handicap a nation’s executive or legislative actions. Second, under the so-called countermeasures doctrine in international law, actions that might otherwise infringe upon international law are legal when they are taken against a nation such as Russia that has itself violated international law.”

Read More On: Rochester Business Journal

Cory Walters, University of Nebraska - Lincoln

Intensifying Threat of a Government Shutdown is Now Another Blow to Grain Prices

By: Ag Web – September 30, 2023

“From last spring to now we're running about 20% off, that's just on futures side. And then with the current river conditions, basis is also off quite a bit.”

Read More On: Ag Web

Robin Goldstein, University of California, Davis
Daniel Sumner, University of California, Davis

Henderson on Illegal Weed

By: InvesBrain –September 30, 2023

“As more and more state governments legalize recreational use of marijuana—14 had done so by 2021—an obvious question to ask is, will the amount of legal marijuana sold and consumed eventually exceed the amount of illegal marijuana sold and consumed? Thinking through the economics, my answer would have been yes: Make marijuana legal and the risk of producing and selling marijuana falls. Those who continue to produce illegally face the risk of prosecution and confiscation. Legal marijuana, therefore, should have an advantage in the market.”

Read More On: InvesBrain

Brian Briggeman, Kansas State University

Tried-and-True Advice to Navigate Uncertain Economic Conditions

By: Progressive Farmer – September 30, 2023

“The way farmers should navigate this environment is "tried-and-true." Start by creating a budget, and then stress-test it. See what happens to total costs if fertilizer prices go up 15% or yield falls by 10%.”

Read More On: Progressive Farmer

Glynn Tonsor, Kansas State University

Growing The Pork Pie Takes Volume Times Price

By: National Hog Farmer – October 2, 2023

“Going back to 2022, we expected changes in the pork industry itself to have a much bigger impact on pork demand than anything that was going on in the beef or in the chicken industry. Changes within the U.S. pork industry have a lot larger effect on domestic demand than things are going on in competing industries.”

Read More On: National Hog Farmer

Aaron Smith, University of Tennessee

Petroleum Diesel is Disappearing from California

By: Energy Institute – October 2, 2023

“California trucks and trains burn about 3.5 billion gallons of diesel per year. Five years ago, petroleum supplied 85% of diesel. In the first quarter of 2023, less than half the state’s diesel came from petroleum. Most California diesel is now made from animal fat, corn oil, soybean oil, or used cooking oil.”

Read More On: Energy Institute

Christopher Wolf, Cornell University

The Farm Bill Expired: What That Means For New York Farmers

By: Spectrum News 1 – October 3, 2023

“Some of them are permanent and don’t require any extension, like crop insurance. Some of them need reauthorization, and some of them are authorized, but need funding. Farmers and consumers have their eyes on the so-called “dairy cliff” — the end of a government-funded program to offset the cost of milk. If there isn’t a new bill or an extension, the program reverts back to a 1949 law that would set prices relative to the 1910s.”

Read More On: Spectrum News 1 or EDairy News

Zach Rutledge, Michigan State University

Michigan Dairy Labor Supply Pressures
By: Dairy Producer – October 4, 2023

DOL, DHS, and USDA Launch New Proposed Rules and Initiatives Affecting H-2 Programs
By: The National Agricultural Law Center – October 5, 2023

Agricultural Worker Shortage to Worsen without Wage Increases
By: Work Wise – August 16, 2023

David Ortega, Michigan State University

Ukraine Grain Update: Allies Continue Import Ban

By: Feed & Grain – October 4, 2023

“Russia's invasion of Ukraine in February of last year led to a halt of maritime and grain shipments from the Black Sea region. And this led to food security concerns as world prices began to rise, disproportionately affecting some of the countries that depend on that region for their grain.”

Read More On: Feed & Grain

Joe Outlaw, Texas A&M University

Conditions “Too Good” For Fast Farm Bill

By: Southeast Ag Net – October 3, 2023

“We’ve done this 90 plus years and they’ve never been easy. That’s the one thing I really wanted to make sure everybody understands. The farm bills are hard to do because you’ve got people from both sides of the aisle, both sides of Congress that have different priorities.”

Read More On: Southeast Ag Net

Geny Lapina, University of the Philippines Los Banos

Economists Doubt Reported Benefits of Rice Price Cap

By: Business World - October 6, 2023

“The prices of premium and special rice have not really gone down and generally remained at their levels in the whole month of September, when the price ceilings were enforced. The price cap, which took effect on Sept. 5 and was lifted on Oct. 4, limited the price to P41 a kilo for regular milled rice and P45 for well-milled rice. One can argue that price ceilings made rice affordable, especially for the poor, but the quality of rice might be questionable.”

Read More On: Business World

Michael Langemeier, Purdue University

Low Mississippi Water Levels Could Divert Grain Shipments To Rail And Truck

By: Market Watch – October 5, 2023

“One near-term concern for farmers is Mississippi water levels being low at certain points. This could divert more grain shipments to rail and truck at higher freight costs.”

Read More On: Market Watch

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