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Industry Ag News 9/10

Carrie Muehling

  • CHS Inc. announced a major soybean refinery expansion and renovation project at the CHS Mankato, Minn., soybean processing plant, driven by global oil demand. The more than $60 million project is the second phase of CHS investments to capitalize on changing market dynamics and opportunities to grow market access. When upgrades are completed, annual refined soybean oil production at the Mankato facility will increase by more than 35%.
  • With the GROWMARK System’s geographic footprint growing rapidly over the last few years, the organization is excited to announce expanded eligibility for the 2022 GROWMARK FFA Essay Contest to the entire United States. Previously, it had been limited to FFA members in several Midwestern states. The theme for the 2022 GROWMARK Essay Contest is: “What, in your opinion, has changed for the better in the agricultural industry as a result of the pandemic?”
  • The NCGA Corn Board recently confirmed Kelly Harsh of Ohio as its newest director. Kelly grows corn and soybeans on her family operation in Delaware, Ohio.
  • The U.S. Cotton Trust Protocol will present six, live enrollment webinars focusing on how the program helps U.S. growers meet the changing demands from their end customer while also better documenting and verifying the sustainability practices and advances already incorporated into their farms.
  • Don’t miss America’s largest seed industry conference, Dec. 6-9 in Chicago! The American Seed Trade Association’s (ASTA) CSS & Seed Expo 2021 will feature an all-new “Villages” concept, showcasing interactive programming in the following key areas: ag tech innovation, operations and logistics, career skills and research/lab facilities, and treated seed. The conference will offer both in-person and virtual attendance options.
  • The American Farm Bureau Federation, along with 46 state Farm Bureaus and 280 organizations representing family-owned agribusinesses, sent a letter to congressional leaders urging them to leave important tax policies in place as they draft legislation implementing President Biden’s “Build Back Better” agenda. The letter addresses four key tax provisions that make it possible for farmers and ranchers to survive and pass their businesses on to the next generation: estate taxes, stepped-up basis, 199A small business deduction and like-kind exchanges.
  • Tennessee Farm Bureau Federation President Jeff Aiken announced he will not seek reelection at the annual meeting in December. Aiken, a third-generation beef cattle, hay, corn and tobacco farmer from Washington County, has served as president for the past six years and is only the 8th president in the organization’s 100-year history.
  • Farms.com is pleased to announce the acquisition of Merston Peters, based in Bury St Edmunds, United Kingdom, to its growing portfolio of Talent Resource solutions.
  • MGEX reports the best fiscal year in its history with a total of 3,380,945 contracts. There was a 28% increase in volume compared to the previous fiscal year, and it was the first time in MGEX history where total exchange volume surpassed three million contracts in a fiscal year.
  • With skyrocketing commodity prices, drought conditions spreading across many parts of the country and export markets booming, there is a lot of concern about U.S. farmers being able to produce anything close to “normal” yields. At the same time, the new Biden Administration is working to retire at least 4 million more acres and put more conservation on 30% of working lands. How will all of these various factors influence the ag economy and agribusinesses? The annual Ag Outlook Forum is a chance to get a comprehensive preview of what lies ahead from leading experts. Presented by the Agricultural Business Council of Kansas City and Agri-Pulse, this “must attend” event brings together USDA’s Chief Economist and other industry experts to share key insights on existing and new market opportunities.
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