The 2023 Prospective Plantings report finds farmers expect to plant more corn and soybeans this year than last year. According to USDA’s National Agricultural Statistics Service (NASS), producers surveyed across the United States intend to plant 92.0 million acres of corn in 2023, up 4% from last year, and 87.5 million acres of soybeans this year, up slightly from last …
USDA Under Secretary Supports US Ethanol in Panama
USDA Under Secretary for Trade and Foreign Agricultural Affairs Alexis Taylor is on a trade mission to Central America-Dominican Republic and supporting U.S. ethanol on the way. The mission included Taylor witnessing a memorandum of understanding signing between the U.S. Grains Council and the Panamanian Sugar Cane National Industry on ethanol blending. “Our U.S. industry and the Panamanian industry are …
Secretary Vilsack Excited About SAF
Secretary of Agriculture Tom Vilsack addressed the Commodity Classic for the 10th time last week with the theme of new opportunities and markets for farmers and one he is excited about it sustainable aviation fuel (SAF). “I get electric cars, you know, you drive them and if the charge runs out, you pull off the side of the road, pick …
Global Demand for Fuel Ethanol Through 2030
A new report from USDA’s Economic Research Service shows consumption of ethanol as a transportation fuel has seen significant growth in the last couple of decades in the United States, and growth is expected to continue through 2030. Global Demand for Fuel Ethanol Through 2030 summarizes the current U.S. and international fuel ethanol markets and provides projections of future fuel …
Smaller Corn Crop, Less Bushels for Ethanol
U.S. corn production took another step down this month compared to September 2022, according to USDA’s latest Crop Production report. Based on conditions as of Oct. 1, corn yields are now expected to average 171.9 bushels per harvested acre, down 0.6 bushel from the previous forecast and down 4.8 bushels from 2021. Area harvested for grain is forecast at 80.8 …
USDA Lowers Corn Use Outlook
USDA’s World Agricultural Supply and Demand Estimates report for September calls for lower supplies, smaller feed and residual use, reduced exports and corn used for ethanol, and tighter ending stocks for the 2022-23 corn crop. Projected beginning stocks for 2022/23 are 5 million bushels lower based on essentially offsetting export and corn used for ethanol changes for 2021/22. Corn production …
USDA Announces Climate Smart Commodities Project Funding
The U.S. Department of Agriculture is investing up to $2.8 billion in 70 selected projects under the first wave of the Partnerships for Climate-Smart Commodities funding opportunity, with more projects to be announced later this year. More than 450 proposals were submitted for the funding opportunity and the strength of the projects identified led USDA to increase its investment from …
Sec. Vilsack Talks Biofuels at Farm Progress Show
Secretary of Agriculture Tom Vilsack visited the Farm Progress Show in Iowa Tuesday, the first time he has visited the show since 2012. Vilsack used the occasion to talk about some recent accomplishments, including expanding rural broadband, conservation and biofuel provisions in the Inflation Reduction Act, new opportunities to improve nutrient management, an organic transition initiative, and $100 million in …
USDA Opens Applications for Higher Blends Funding
The U.S. Department of Agriculture announced this week that applications are now being accepted for the latest round of funding under the Higher Blends Infrastructure Incentive Program (HBIIP). The program seeks to market higher blends of ethanol and biodiesel by sharing the costs to build and retrofit biofuel-related infrastructure such as pumps, dispensers and storage tanks. Secretary of Agriculture Tom …
USDA Forecasts Lower for Corn
USDA has lower forecasts this month for corn production, supplies, exports, and ending stocks. The August Crop Production report from USDA’s National Agricultural Statistics Service (NASS) estimates corn production down 5% from last year, forecast at 14.4 billion bushels while soybean growers are expected to increase their production by two percent from 2021 to 4.53 billion bushels. In this month’s …