ICYMI farm news highlights | Friday, December 17, 2021
We're on to the weekend after a week full of big news. In case you missed it, here is a recap of the latest coverage on Agriculture.com.
By the numbers
Soil tests can prevent buying and applying fertilizer where not needed. And with fertilizer prices soaring over what they were a year ago, collecting soil samples may be a good end-of-year project, if you haven't done so already.
The value of good non-irrigated Missouri cropland averaged $6,326 per acre in 2021 — an increase of 14% relative to 2020, according to the latest Missouri Farmland Values Opinion Survey report from University of Missouri Extension.
- READ MORE: Missouri land values jump 14%
Rural infrastructure projects across the country will receive a combined $5.2 billion in federal grants and loans to expand access to high-speed internet, electricity, and clean water, said Agriculture Secretary Tom Vilsack on Thursday.
The money will go to 359 projects in 46 states and Puerto Rico through seven USDA rural development programs.
Looking ahead to 2022
The coming year may be the best time to buy put options and perhaps forward sell less than you normally would. Puts provide you the right (not the obligation) to be short (sell) futures, says Bryan Doherty.
- READ MORE: 2022: A year to use put options
The EPA will propose regulations next May for the production of conventional and advanced biofuels beginning in 2023.
They would be based on criteria in air pollution law, such as the impact of renewable fuels on air quality, climate change, wildlife habitat, food and fuel prices, and availability of advanced fuels.
Agricultural machinery maker Claas said it expects difficulties in securing semiconductor chips to persist for the first half of next year, which could curb a surge in profits linked to booming farm demand.