Industry Ag News 7/21

Carrie Muehling

  • The National FFA Organization has announced the 16 finalists for its 2023 top achievement awards: American Star Farmer, American Star in Agribusiness, American Star in Agricultural Placement and American Star in Agriscience.
  • Farmers National Company has released its mid-year land values report with some interesting findings. There’s been a slight reduction in both sales volume and value growth within the ag real estate market. That trend has continued into the first half of 2023 with fewer properties being offered for sale and market values that, while still strong, are dramatically off the pace seen in the first half of 2022.
  • Join the American Seed Trade Association (ASTA) this December 5 – 8, 2023 at a NEW venue, the Hyatt Regency Orlando, for the Field Crop Seed Convention, an unparalleled seed business networking and educational opportunity.
  • U.S. Senators Tammy Baldwin (D-WI) and Chuck Grassley (R-IA) introduced bipartisan legislation to increase transparency and oversight of foreign ownership in the American agricultural industry. The Farmland Security Act of 2023 builds on the Senators’ bipartisan Farmland Security Act of 2022 by ensuring that all foreign investors, including “shell companies,” who buy American agriculture land report their holding, strengthening penalties for those who evade filing, and investing in research to better understand the impact foreign ownership of American farmland and agricultural production capacity has on our domestic food supply, family farms, and rural communities.
  • Youth members of Farmers Union from around the country participated in the 85th National Farmers Union (NFU) All-States Leadership Retreat. This year’s event was held at Montana Farmers Union’s Arrowpeak Lodge in Highwood, MT.
  • The thirty-fifth annual Georgia Peanut Tour will be held September 12-14, 2023, in Bainbridge, Georgia, and the surrounding area. The tour brings the latest information on peanuts while giving a first-hand view of industry infrastructure from production and handling to processing and utilization. Tour stops will be made in several peanut producing counties in Southwest Georgia.
  • According to a new quarterly report from CoBank’s Knowledge Exchange, the full impact of monetary policy actions—raising interest rates, quantitative easing and contracting the money supply—have yet to be felt. Those policy actions, combined with depleted consumer savings, tighter commercial bank lending standards and the persistently inverted yield curve are likely to result in a mild recession by the fourth quarter of 2023.
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