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Reuters is reporting the EPA has proposed a new 2014 renewable fuel target of 15.21 billion gallons in total, of which 2.21 billion must come from "advanced" biofuel sources. This would imply a reduction in the 2014 mandate for ethanol to 13.0 billion gallons, down from a 13.8 billion mandate in 2013 and a prescribed 14.4 billion mandate for 2014. According to Reuters, the new EPA proposed renewable fuel targets for 2014 would mandate the use of 23 million gallons of cellulosic ethanol and hold the biodiesel portion of the mandate steady at 1.28 billion gallons. These rumors of biofuel mandate cuts helped fuel further losses in corn futures to trade to new contract lows at $4,324/bushel. 2013 October WADE report estimates for 2013 corn ending stocks were estimated at 1,923 billion bushels with this new law we could see 301 million less corn bushels in usage for ethanol . The proposed EPA rule would go on to a public comment period and could become law later this year.  If it becomes law the USDA will need to adjust 2013 corn usage for ethanol from 4.9 billion bushels to 4.6 billion bushels approximately which is bearish for corn futures as 2013 ending stocks could jump to 2.224 billion bushels not seen since 1987.

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Agriculture Headlines from Farms.com Canada East News - click on title for full story

What Separates the Top-Tier Pork Producers from the Rest?

Some would say the pork industry is on the other side of the biggest financial downturn the industry has seen for the last 30 years. Others say we are not quite there yet. In a Farm Credit peer benchmarking review, Chris Ford, vice president corporate swine lender with Farm Credit, looked back over the past several years to see what differentiated pork operations that have done well and those that have struggled. 1. Production is king. “Producers who have adhered to strong biosecurity measures, embraced technology and have taken a mindset of getting as much production out the door as possible have had as much success as anybody in this industry,” Ford says. 2. Good bookkeeping matters. “Those who have done a nice job with financial acumen and understanding where they’re at from a financial standpoint have survived this downturn,” Ford says. “As a lender, we see that every day. Those producers that keep good sets of books and understand their cost of production make the best decisions

3rd Annual BBQ & Brew at the Ballpark Raises $20,000 for Iowa Food Banks

Hundreds of Iowans gathered at Principal Park on June 21 for the third annual BBQ & Brew at the Ballpark, raising more than $20,000 to support food banks across the state. The family-friendly event was presented by the Iowa Pork Producers Association (IPPA) in partnership with the Iowa Cubs and Fareway Stores. “Events like BBQ & Brew show how strong our communities are when we come together for a common cause,” said Doug Gruver, IPPA board member and two-time event volunteer. “Giving back is at the heart of what we do as pork producers. Whether it’s raising food or raising funds, we’re proud to serve Iowans beyond the farm. This event is also a great opportunity to showcase the high-quality product we raise in Iowa and the incredible BBQ talent and passion of the teams who compete.” This year’s event featured 24 backyard barbecue teams competing for $12,000 in prize money across three pork categories: loin, ribs, and butt. Fareway Stores played a critical role in making the event pos

Ontario pasture lands get $5M boost

Canada and Ontario are investing $5M to improve community pastures, boost sustainability, support cattle farmers, and enhance soil health through the Sustainable Canadian Agricultural Partnership.

Soy Canada annual meeting emphasizes opportunity and innovation amid industry challenges

Soy Canada’s annual meeting focussed on solutions that position Canadian soy for success during industry presentations and discussions at this year’s event. The theme, Gather and Grow, challenged participants to focus on finding opportunities amid global challenges created by conflict, uncertainty and volatility.

Canada’s dairy, poultry and egg farmers welcome the passage of Bill C-202

 Canada’s dairy, poultry and egg farmers welcome any effort aimed at ensuring no further supply managed concessions are made in trade negotiations, such as Bill C-202, An Act to amend the Department of Foreign Affairs

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