Kyle Bridgeforth

USDA Rule Aims to Redefine 'Fair' in Meat and Poultry Markets 📜🐄⠀ ⠀ 🔍 The USDA proposes a new rule under the Packers & Stockyards Act to ensure fairer and more competitive markets, clarifying what constitutes 'unfair practices'. 🔗 Discover the impacts this could have on producers, packers, and consumers alike at https://loom.ly/gcbV8JQ. #USDA #AgriculturePolicy #FairMarkets

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NEWS: USDA Awards $300 Million to Diversify Export Markets for U.S. Agriculture Agriculture Secretary Tom Vilsack announced today that the U.S. Department of Agriculture is allocating $300 million to 66 U.S. organizations, under the new Regional Agricultural Promotion Program (RAPP), to build demand for American food and farm exports in high-potential markets around the globe. Secretary Vilsack launched RAPP in October 2023, authorizing $1.2 billion in Commodity Credit Corporation funding to help U.S. exporters expand their customer base beyond traditional and established markets, focusing on regions such as Africa, Latin America and the Caribbean, and South and Southeast Asia, where consumer demand and purchasing power are growing. “USDA and the entire Biden-Harris Administration are focused on creating more, new and better markets for U.S. producers and agribusinesses, and exports are a critical part of that effort,” Vilsack said. “By enabling U.S. exporters to expand their footprint in diverse and dynamic new markets, RAPP will help make them more competitive and resilient in an increasingly volatile global trading environment. We know the potential is out there, but it takes time and money to grow new markets. USDA is pleased to be able to provide the start-up capital to help tap into these opportunities, because if we are serious about reversing the decline of small and mid-sized farms, and building wealth that stays in rural communities, it’s crucial that we create and sustain diverse market opportunities abroad as well as at home.” The initial round of RAPP funding will help recipient organizations carry out hundreds of projects encompassing a wide variety of products and markets. Continue at https://lnkd.in/eT9mSA4u. #usda #funding #exports #trade #diversifymarkets #agriculture

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Seaport’s Walter Liptak & Eric Larson are hosting a 2024 US Farmer & Food Processor Outlook Discussion on Tuesday, June 5th. Topics of discussion will include how the conversion from El Niño to La Niña is expected to impact the agribusiness profits and capital spending, the prospects for farmer capital spending and maintenance (irrigation equipment including water pumps), and how the trends in agriculture commodity prices could impact future capital spending for food processors (grains, poultry, meats). Interested? Say hello! corporateaccess@seaportrp.com   #SeaportResearchPartners #Growth #Change #SRP #Seaport #SeaportGlobal #CorporateAccess #ResearchPlatform #ResearchPartner #EquityResearch

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Waterside Facilitates Record-breaking USDA Loan Closing for Vertical Harvest Waterside is thrilled to announce the successful closure of its latest loan endeavor for Vertical Harvest Farms. Leveraging its expertise in financial services, Waterside played a pivotal role in securing two significant USDA loans totaling $48,795,000 for Vertical Harvest, a groundbreaking achievement in project-based financing. The financing package comprised a $25 million Business and Industry loan and a $23.795 million Rural Energy for America loan, both backed by the USDA. Notably, this marks the USDA's largest project-based financing endeavor to date, reflecting the magnitude of this collaboration. The culmination of this financing arrangement underscores the dedication and perseverance of Vertical Harvest's management team and their partners, whose vision and commitment were instrumental throughout the process. Additionally, Waterside acknowledges the invaluable support and collaboration of our partner, Madison One CUSO, and in particular Alexios Georgousis whose expertise and assistance were indispensable. This landmark achievement not only reinforces Waterside's commitment to facilitating impactful financial solutions but also underscores our dedication to fostering innovation and sustainable development within communities. We look forward to witnessing the continued success and growth of Vertical Harvest. For more information, visit: https://lnkd.in/g4EUwcpS. About Waterside: Waterside is a financial services firm specializing in innovative solutions tailored to meet our clients' diverse needs. Specializing in federally-backed loan guarantee programs, particularly under the USDA, we provide interim/bridge financing solutions to facilitate our clients' success. In addition to our expertise in USDA loan programs, Waterside also offers interim/bridge financing solutions tailored to borrowers navigating the USDA lending process. About Vertical Harvest Farms: Vertical Harvest Farms is a hydroponic, vertical farming company dedicated to sustainable farms, food and futures. In addition to our passion for local, healthy food grown sustainably, Vertical Harvest also operates on an inclusive employment model. Our farms are designed for accessibility and staffed via hiring practices developed for people with disabilities, and our mission is to energize local food economies by using food as a medium for meaningful change.

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Listen here to learn more about liquid feed with Westway tech team member, Dr. Kelley Neuhold! #cattlefeed #cattle #cattlehealth

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If you’re a farmer, agribusiness professional, or farm service provider with intimate knowledge of how to operate in drought, you might be a great fit for the Drought Venture Studio. Many ag professionals might not know the first thing about turning their hard-won expertise into a company. But many have tinkered on projects that have made a significant impact on their bottom line during drought. This kind of idea, even just a proof of concept, is exactly what the Drought Venture Studio is looking for. This program is designed to fit alongside full-time commitments and offers the chance to work with an expert team to validate ideas and assess their commercial potential. Plus, it’s free for selected participants! Applications for the first Drought & Climate Resilience cohort are open until July 12. Apply today to see if your research or idea has commercial potential. Department of Agriculture, Fisheries and Forestry #FutureDroughtFund Beanstalk AgTech #DroughtResilience #AgTech #Innovation #Agriculture #Startups #ClimateChange

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Neutral report as USDA punts again By Doug Tenney, Leist Mercantile Report highlights: USDA punts…again!! No changes in corn and soybean, crush or exports. Trade expectations: U.S. soybean exports or crush to decline while U.S. soybean ending stocks for 2023/24 increase. Lower corn and soybean production numbers for Brazil and Argentina were also anticipated. Following the noon USDA report release, corn up 1 cent, soybeans down 4 cents, and wheat  down 12 cents. Just before the report was released, corn up 2 cents, soybeans down 1 cent, and wheat down 10 cents. US 2023/24 ending stocks: corn 2022  billion bushels, last month 2.022 billion bushels; soybeans  350 million bushels, last month 340 million bushels; and wheat 688 million bushels, last month 688 million bushels. Trader estimates for 2023/24 ending stocks were: corn 2.009 billion bushels, soybeans 346 million bushels, and wheat 688 million bushels. US 2024/25 ending stocks: corn 2.102 billion bushels, last month 2.102; soybeans 455 million bushels, last month 445 million bushels; and wheat 758 million bushels, last month 766 million bushels.… Continue reading https://lnkd.in/dJp7B3gZ

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If you’re a farmer, agribusiness professional, or farm service provider with intimate knowledge of how to operate in drought, you might be a great fit for the Drought Venture Studio. Many ag professionals might not know the first thing about turning their hard-won expertise into a company. But many have tinkered on projects that have made a significant impact on their bottom line during drought. This kind of idea, even just a proof of concept, is exactly what the Drought Venture Studio is looking for. This program is designed to fit alongside full-time commitments and offers the chance to work with an expert team to validate ideas and assess their commercial potential. Plus, it’s free for selected participants! Applications for the first Drought & Climate Resilience cohort are open until July 12. Apply today to see if your research or idea has commercial potential. Department of Agriculture, Fisheries and Forestry #FutureDroughtFund Beanstalk AgTech #DroughtResilience #AgTech #Innovation #Agriculture #Startups #ClimateChange

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USDA Export Sales | June 27, 2024 Corn Export Sales—On the low side at 14.1 mbu for 2023-24. The trade range was 20-35, and only 4 mbu per week was needed. 5.4 mbu sold to Unknown; only 300 kbu to Mexico. New Crop improved from 5.5 mbu last week to 12.2 mbu, with 11.8 mbu destined for Mexico. Milo Export Sales—30 kbu in cancellations (China). 3.4 mbu per week needed. Soybean Export Sales—Light, 8.4 mbu vs. 7-22 mbu expected and 6 per week needed. 2.4 mbu were sold to China and 2.1 mbu to the Netherlands. Soybean Meal Sales— 213 KMT was sold versus the expected amount of 100-500 KMT, doubling the 103KMT per week implied rate. Soybean Oil Sales— Solid sales at 16.5 KMT exceed the (5) to +15 KMT expected amount. Wheat Export Sales—Another solid sales week, 29.6 mbu, above the 13-26 mbu expected range. 5.7 mbu were sold to Mexico and the Philippines, 3.8 mbu to Taiwan, and 3.3 mbu to Brazil.

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#Crop Progress | #Nebraska soybean planting had begun as of April 21, with just 2% of acreage completed, while #corn acreage was at 6% planted. Read this week's #USDA crop report here » https://ow.ly/OqOz50RpiZU #NebExt #cropproduction #ag #plant2024 #plant24

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We’ve just published the latest North American agribusiness review, with a market outlook for dairy, cattle, wheat, and other key commodities, along with the developments to watch in the next months. #RaboResearch

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Keeping tabs on the latest data is key to understanding agriculture’s role in the global economy. Last week, the USDA released the WASDE report and I had the opportunity to speak with Virginia Tech’s Jason Grant about what’s inside. Some key insights: 🔹Prices have come in lower than in previous years, so it’s a buyer’s market. 🔹Farmers are facing greater pressures than they have in years past, and weather is a major factor across regions. 🔹We need to cultivate trust across the soy value chain. Find a team of people you trust and it will help move you and your business in a positive direction. As we head deeper into planting season and transition into the growing season, take a few minutes to listen in on our conversation. You can see the video below.

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U.S. farmers are facing an uncertain outlook, with labor shortages and high costs posing challenges but with a lift in commodity prices providing support. At our 19th annual Farm to Market | Chemicals Conference, our lending team provides an overview of the agribusiness sector and how we’re working with farmers to set them up for success for generations to come. http://spr.ly/60475BWfX

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𝐇𝐊𝐊 𝐂𝐎𝐌𝐌𝐎𝐃𝐈𝐓𝐈𝐄𝐒 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐭𝐨 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐨𝐮𝐫 𝐯𝐚𝐥𝐮𝐞𝐝 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬/𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐩𝐚𝐬𝐭 𝐰𝐞𝐞𝐤. 𝐓𝐡𝐞 𝐬𝐮𝐦𝐦𝐚𝐫𝐢𝐳𝐞𝐝 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬: 𝘾𝙊𝙍𝙉 : ◾ Monday: #Corn prices on CBOT declined slightly due to favorable weather forecasts in the #US Midwest and the USDA's report showing higher-than-expected planting. ◾Tuesday: Prices unexpectedly rebounded strongly on short-covering activities and worsening crop conditions in some Midwest areas. ◾Wednesday: Prices declined slightly again, pressured by ample global supplies despite analyst expectations. 𝙒𝙃𝙀𝘼𝙏 : ◾Monday: CBOT #wheat prices rose on uncertainty about #Russia's wheat crop size, prompting short-covering and opportunistic buying. ◾Tuesday: Prices declined as traders booked profits from the previous week's high. ◾Wednesday: Prices fell as traders hoped for a larger wheat crop from Russia. 𝙎𝙊𝙔𝘽𝙀𝘼𝙉: ◾Monday: CBOT #soybean prices rose due to potential record soybean imports by China in July, influenced by lower prices and geopolitical tensions. ◾Tuesday: Prices continued to rise on technical trading and unfavorable weather in Midwest soybean regions. ◾Wednesday: Prices rose further due to short-covering, recovering from earlier lows. Please kindly see details here:https://short.com.vn/heYh #News #HKKCOMMODITIES #Corn #Wheat #SOYBEAN #Vietnamfeedmarket #Brokerageservice #USA #Russia

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Weather volatility is an uncontrollable factor that farmers are battling more and more. As dry conditions start to ramp up across the U.S., it's critical to plan ahead to mitigate damage to your herd and land. Learn how to craft a drought management plan for your ranch today from Trust In Beef. https://loom.ly/erSkgis

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