Georgia Milk Producers
1641 New High Shoals Road, Suite 5
Watkinsville, GA 30677
Office: 706-310-0020 or Mobile 706-614-4385
GMP E-News
February 25, 2022
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Wow! Time is flying in this year of 2022! Here is this weeks' News; scroll for more information:
- The Ukraine - Early Reports
- Farm Bill Preview - John Newton speaks at Ky Dairy Partners
- Milk Production Report - Top 6 states
- FMMO Revision - Ongoing Reports
- Georgia Horn Fly Research makes Yahoo News
- Management: Is your Farm Financially Healthy (It's not just a balance sheet
- Dairy: Good for Me, Good for the Planet
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THE UKRAINE: EARLY REPORTS
- Vilsack speculates that fertilizer suppliers may use the invasion as an opportunity to raise prices
- Doesn't foresee an impact on US food supply, but predicts European impact may be deep
- Russia is a large international supplier of nitrogen, potash, and phosphorus, but not yet clear if sanctions will apply to those commodities.
- In a sobering opening, the author compares circumstances to beginning of World War II
- Ukraine supplies 17% of world's corn exports, and 30% of world's wheat exports, a military threat could encourage buyers to make significant adjustments
- Interesting maps in the article outline more about the corn and wheat producing regions
- Markets could be further compromised by developing shortages in South American harvests
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FARM BILL PREVIEW: John Newton, Economist to Senate Ag, at KY Dairy Partners
John Newton, the Ag Economist for the US Senate Ag Committee, presented in a virtual session to KY Dairy Partners Annual Meeting on Wednesday, Feb. 23rd. Here are some highlights:
- Senator Boozeman, (R-Ark), is the Ranking Member of Senate Ag, and he would like to explore revitalization of the dairy industry in the southeast, and would like feedback on how to accomplish that.
- The next Farm Bill will be the first one with a price tag over $1 Trillion. 83% will be attributed to Food Assistance Programs such as SNAP (Supplemental Nutrition Assistance Programs) and The Thrifty Food Plan, related to the Build Back Better Initiative.
- Federal Support will decline as much as 37% in 2022, largely due to the Covid programs of the past couple of years have expired or will expire.
- He mentioned the Make Allowance study released last week as a precursor to FMMO revisions. Dairy is the only ag sector which subsidizes processing.
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Stay safe in those fields, and please remember to keep the people of Ukraine and Europe in your prayers!
Julie
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