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7 ag stories you might have missed 446855

Revival of ethanol, challenges with waterhemp and an update from Mexico on GMO corn imports.

Rachel Schutte, Content Producer

October 22, 2021

2 Min Read
Collage with corn harvest, capitol building and angus beef cattle

Missed some agricultural news this week? Here are seven stories to bring you up-to-speed.

IRS change in bank reporting

A proposal lumped into the Build Back Better reconciliation spending bill from Democrats requires financial institutions to turn over private citizens’ personal bank account information to the IRS if they exceed $600 of inflows or outflows in an account.  – Farm Futures

Ranchers launch Sustainable Beef plant

In response to consolidation in the beef industry, Rusty Kemp came up with the plan to raise over $300 million from ranchers to build a meat plant themselves. Crews will start work this fall building the Sustainable Beef plant on nearly 400 acres near North Platte, Nebraska. – Fox News

Waterhemp wins again

New research from University of Illinois reveals waterhemp can resist unreleased herbicides, reminding farmers to not solely depend on chemicals for weed control. If chemicals don’t work, remove waterhemp seeds with equipment before they fall back into the soil, Dean Riechers suggests.  – Prairie Farmer

Ethanol output back to pre-covid level

The revival of biofuel production came a day after spot ethanol soared close to a seven-year high amid surging crude oil prices. The production surge comes as a divided fuel industry awaits Biden administration proposals on mandates requiring refiners to blend fixed amounts of renewable fuels into gasoline and diesel. – Bloomberg

HSUS files claim against Smithfield

The Humane Society of the U.S. filed a lawsuit alleging Smithfield Foo’s of unlawful trade practices. HSUS claims Smithfield’s misleading jargon and hidden caveats “mislead humane-conscious consumers and commercial buyers into purchasing pork.” – Farm Futures

Mexico will accept GMO corn from U.S.

Mexico's agriculture minister Victor Villalobos said the country would not limit imports of GMO corn from the U.S. during a meeting with U.S. Agriculture Secretary on Wednesday. Mexico published an executive order late last year that sought to ban the use of GMO corn for human consumption in three years. – Reuters

High oleic soybean premiums increase

Pioneer has announced that in 2022, processor-paid premiums on high oleic specialty soybeans are up significantly over 2021. And there's a new agreement with Cargill to increase the number of draw areas for Plenish soybeans in Midwest soybean states. – Pioneer, Farm Futures

And your bonus.

Halloween is just around the corner. Are you looking for a fun fall activity? Check out this list of the top corn mazes around the country! Perhaps you will find one in your neck of the woods.  – USA Today

About the Author(s)

Rachel Schutte

Content Producer, Farm Futures

Rachel grew up in central Wisconsin and earned a B.S. in soil and crop science from the University of Wisconsin - Platteville. Before joining the Farm Futures team, Rachel spent time in the field as an agronomist before transitioning to the world of marketing and communications. She now resides in northeast Iowa where she enjoys raising bottle calves and farming corn and soybeans alongside her husband and his family.

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