Weekly Update from the Texas Seed Trade Association | |
Seeds and pesticides company Corteva Inc announced on Tuesday plans to exit about 35 countries and lay off roughly 5% of its global workforce as part of the company's cost-cutting plans. A surge in inflation this year to four-decade highs has forced corporate America to slash planned spending and roll out measures to shield their margins from rising raw material costs.
"We don't think that (inflation) is abating," said Chief Financial Officer Dave Anderson at Corteva's annual investor meeting.
Cost pressure will ease in 2023 from levels seen this year, but it will still be significant, he added.
Corteva plans to reduce focus to about 110 markets, honing in on 20 core countries, including the United States, Canada, Brazil, India and Western Europe. The non-core regions make up less than 5% of the company's annual revenue, Anderson said.
To read the entire report click here.
Editor's Note: Corteva is a valued member of the Texas Seed Trade Association.
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Western Seed Association will convene their annual meeting on Monday October 31 at the Westin Crown Center Hotel in Kansas City, MO. The meeting begins with a reception Monday evening at 6:00PM and transitions into the ASTA Farm and Lawn Seed Conference on Wednesday November 2.
Please visit www.westernseed.org for more information and to register for the event.
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ASTA’s largest event of the year, the CSS & Seed Expo 2022, will be opening soon for attendee registration, along with the new menu of sponsorship opportunities at all events for the coming fiscal year (July to June).
After 76 years, the CSS & Seed Expo returns to Chicago, IL for one last time this December 5-8, before the conference moves in 2023 to the Hyatt Regency Orlando for the foreseeable future.
With a theme of “Farewell Chicago,” the event’s website offers tools to submit your favorite conference memories for the many attendees who have been coming to Chicago each December year after year, many for over 30 years and counting.
Already featuring over 70 exhibitors, this year is anticipated to represent a return in full force after smaller numbers in 2021 due to the pandemic.
Visit ASTA Events at www.betterseed.org for more information.
Editor's Note: The Bears are going to Arlington Park and ASTA is headed to Florida. Please join us at the last Chicago CSS meeting!
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Save the dates for the 34th Annual Texas Plant Protection Conference. December 6 & 7, 2022 at the Brazos Center in Bryan. Conference and Exhibitor/Sponsors registration is available on the TPPA website: www.texasplantprotection.com
Don’t miss these outstanding presenters in the conference General Sessions:
“Global Markets Outlook & Impact on Texas Agriculture” - Dr. Mark
Welch, Texas A&M AgriLife Extension Service
“The Pesticide Forecast—Innovation, Opportunity & Challenge” –
Chris Novak, President & CEO, CropLife America
“Fertilizer - Supply & Pricing Outlook” - Toby Hlavinka, President &
CEO, American Plant Food Corporation
“ Weather Patterns Impact on Texas Agriculture” Eric Snodgrass,
Nutrien Ag Solutions, Science Fellow and Principal Atmospheric Scientist
“Gossypol-free Cottonseed Could Help Solve World Hunger”, Dr.
Keerti Rathore, Texas A & M University
“Stink Bug Control In Sorghum” Dalton Ludwick, Texas A&M AgriLife
Extension Entomology Specialist
“Carbon Credit Contracts” – Tiffany Lashmet, J.D., Texas A&M
AgriLife Extension Law Specialist
“Federal Pesticide Policy Updates” – Rod Snyder, Senior Advisor for
Agriculture to the EPA Administrator, Washington, DC
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In an effort to update and maintain our membership records we request you take a few moments and fill out the very brief info request at the following link.
https://forms.gle/SC6QDSgqUVixUqAo8
The link is secure and the information will be used internally by the Texas Seed Trade Association and never shared without your permission. This request is on behalf of your association's board of directors and officers and we greatly appreciate your cooperation. Thank you!
9/15/22 - If you have not updated your information please take a moment and do so now. We appreciate it! We continue to update this database and need your input!
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HOUSE AG COMMITTEE LEADER THOMPSON REACTS TO USDA'S UNILATERAL CLIMATE INVESTMENT
Source: House Committee on Agriculture Republicans
WASHINGTON, DC - Today, Rep. Glenn "GT" Thompson (PA-15), Republican Leader of the House Committee on Agriculture, issued the statement below following an announcement from Secretary Tom Vilsack that the U.S. Department of Agriculture (USDA) has awarded billions to "Partnerships for Climate-Smart Commodities" projects via the Commodity Credit Corporation (CCC):
"The Biden Administration is unilaterally spending billions of dollars without Congressional input. While I am sure there are worthy projects, USDA is abusing the authorities of the Commodity Credit Corporation to stand up a 'pilot program' while ignoring the significant issues facing farmers and ranchers.
It's as though Secretary Vilsack is intent on having Congress once again limit his ability to use the CCC."
Editor's Note: Here's what Rep. Glenn is talking about. Your tax dollars at work, a LOT of tax dollars, with zero congressional authorization to be used for substantiating an existential threat that may, or may not, be real.
HERE ARE THE AG ORGANIZATIONS RECEIVING USDA CLIMATE SMART GRANTS
Source: Agri Marketing magazine
USDA is investing up to $2.8 billion in 70 selected projects under the first Partnerships for Climate-Smart Commodities funding pool, which includes proposals seeking funds ranging from $5 million to $100 million. Details on individual projects are provided below.
For the complete list click here.
Funding Ceilings from $70M-$95M
1. Midwest Climate-Smart Commodity Program
Lead Partner: Iowa Soybean Association
Approximate Funding Ceiling: $95,000,000
2. Climate SMART (Scaling Mechanisms for Agriculture's Regenerative Transformation)
Lead Partner: Truterra, LLC
Approximate Funding Ceiling: $90,000,000
3. ADM and Partners' Climate-Smart Solutions
Leading Partner: Archer-Daniels-Midland Company
Approximate Funding Ceiling: $90,000,000
4. U.S. Climate-Smart Cotton Program
Lead Partner: US Cotton Trust Protocol
Approximate Funding Ceiling: $90,000,000
5. Rice Stewardship Partnership for Climate-Smart Commodities
Lead Partner: USA Rice Federation, Inc
Approximate Funding Ceiling: $80,000,000
6. The Climate-Smart Agriculture Innovative Finance Initiative
Lead Partner: Field to Market
Approximate Funding Ceiling: $70,000,000
7. National Sorghum Producers Partnerships for Climate-Smart Commodities Project
Lead Partner: National Sorghum Producers Association
Approximate Funding Ceiling: $65,000,000
8. Tyson Foods, Inc. Climate-Smart Commodities Project
Lead Partner: Tyson Foods, Inc
Approximate Funding Ceiling: $60,000,000
Projects with Approximate Funding Ceilings from $25M-$45M
9. Scaling Methane Emissions Reductions and Soil Carbon Sequestration - A Value-Added Commodities Approach for United States Dairy
Lead Partner: Dairy Farmers of America, Inc.
Approximate Funding Ceiling: $45,000,000
10. Incentivizing Climate-Smart Growing Practices, Expanding Climate-Smart Markets and Developing Brand Awareness
Lead Partner: The DeLong Co., Inc
Approximate Funding Ceiling: $40,000,000
11. Connected Ag Climate-Smart Commodities Pilot Project
Lead Partner: Farm Journal, Inc
Approximate Funding Ceiling: $40,000,000
12. Climate-Smart Specialty Grains and Oilseeds: Covering America from Coast to Coast
Lead Partner: Millborn Seeds, Inc.
Approximate Funding Ceiling: $35,000,000
13. Producer Led Collaborative Effort to Fundamentally Transition the U.S. Beef Supply Chain to Carbon Neutral
Lead Partner: American Farmland Trust
Approximate Funding Ceiling: $30,000,000
Projects with Approximate Funding Ceilings from $5M-$20M
14. National Pork Board's Advancing U.S. Pork Sustainability and Market Value Proposal
Lead Partner: National Pork Board
Approximate Funding Ceiling: $20,000,000
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The articles, views, and opinions expressed in the Weekly Update do not necessarily reflect the policies of the Texas Seed Trade Association or the opinions of its members. | | | | | |