Missed some ag news this week? Here are seven stories to catch you up.
1. Tightening 2020/21 U.S. and South American corn and soybean production estimates led USDA to slash global ending stocks, powering price growth in the aftermath of USDA’s January 2021 World Agricultural Supply and Demand Estimates (WASDE) reports on Jan. 12. Corn closed the limit up following the report. – Farm Futures
2. India's Supreme Court has put three controversial farm laws on hold until further notice after months of nationwide protests. The laws were first passed in September. They allow farmers to sell their goods to anyone for any price, a move away from the government's past practice of offering guaranteed prices for certain crops. – CNN
3. In renewable fuel news this week, the Trump administration is reportedly considering a last-minute flood of waivers for the oil industry for blending requirements under the Renewable Fuel Standard and the Supreme Court will hear an appeal of the case overturning small refinery exemptions. In the case, RFA et al. v. EPA, the Tenth Circuit Court found the EPA abused its authority by granting small refinery exemptions to CVR Refining and HollyFrontier that were not extensions of previously existing exemptions. – Farm Futures
4. Many African Americans are disappointed that President-Elect Joe Biden selected former Agriculture Secretary Tom Vilsack to reprise his role in the incoming administration. Black farm organizations say Vilsack squandered eight years of opportunity to address long-standing complaints of discrimination in access to USDA loans and other programs while serving in the Obama administration. Vilsack held a call with advocates for Black farmers before Christmas and is under pressure to decisively address USDA's legacy of discriminating against Black farmers. – The Washington Post
5. Outgoing Agriculture Secretary Sonny Perdue thanked Farm Bureau members for their support in his address given during the American Farm Bureau Federation virtual convention. “My hope is we will work together to solve the issues facing our nation,” Perdue said. – Farm Futures
6. Licensed hemp acreage decreased in the U.S. in 2020 for the first time since the 2014 farm bill established a national hemp pilot program. Licensed acres dropped 27% from an estimated 511,000 acres in 2019 to 375,000 acres in 2020. An oversupply drove the acreage decrease. There were about 20,000 hemp cultivation licenses issued in 2020. - Hemp Industry Daily
7. USDA is investing more than $11 million to target feral hogs in the Mississippi Delta region. Feral hogs have been dubbed "the most destructive invasive species in the United States." Feral hogs have been reported in at least 35 states across the western and southeastern United States. – The News & Observer
And your bonus.
The Stuhr Museum of Grand Island, Neb., contains 107 buildings, 208 acres of prairie and 140,456 historic artifacts. It includes a railroad town, farm machinery and much more. – The Grand Island Independent