Industry News | 2-15-2021
BASF Launches e3® Sustainable Cotton Grower Fund
BASF has launched the e3® Sustainable Cotton Grower Fund, a unique and unprecedented effort to provide additional economic support for cotton farmers in the e3 program who commit to growing sustainable cotton. Brands, retailers, mills and other cotton fiber value chain partners sourcing e3 Sustainable Cotton will have the opportunity to contribute a monetary amount to the fund.
Agriculture Makes Gains in Greenhouse Gas Emission Reductions
The agriculture industry is constantly looking to increase their sustainability practices and new data shows that it is paying off. New analysis of EPA data highlights agricultural emissions reductions and the importance of developing new research and technologies to capture more carbon in cropland and pastureland.
Syngenta Seeds and University of Arkansas Unveil Sustainability Benefits for Enogen Corn
Syngenta Seeds has partnered with the University of Arkansas Resiliency Center (UARC) to publish new research that highlights the potential for beef producers to reduce their environmental footprint by using Syngenta Seeds’ Enogen corn. The life cycle assessment is based on studies conducted at the University of Nebraska and Kansas State University, which identified feed efficiency gains around 5%.
Farmers Pivot to Make new Sales, Sustain Small Towns
With some local sales avenues limited, a pair of turkey farmers started their own business in the middle of a pandemic. Jared Achen, from Wayland, Iowa, and Katie Olthoff, from Stanhope, Iowa, founded ChopLocal, an online marketplace for vendors to post and sell meat products, allowing producers to virtually reach their customers. “It’s like an Etsy or Amazon with individual sellers,” Olthoff said. The site has been up since December.
Tightening Supplies Drive Prices Higher for Major U.S. Commodities
Futures prices—the price of a contract to deliver a commodity at a certain time in the future—for wheat, corn, and soybeans have been trending upward since August 2020. This 6-month trend of rising prices accelerated in the first weeks of 2021, demonstrating stronger price gains in anticipation of USDA’s revised production forecasts for major U.S. grains in the World Agricultural Supply and Demand Estimates (WASDE) for January 2021.