Pallet Shortage and JBS Pays $11-million in Cyber Attack

Pallet Shortage and JBS Pays $11-million in Cyber Attack

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**Along with shortages of water and of qualified employees, farmers have also been coping with a shortage of wooden pallets.

The pallets serve important functions in moving crops from field to packinghouse to customers, but they’ve grown scarce.

Soaring lumber demand and decreased sawmill capacity have reduced availability of new pallets.

So far, there’s been no significant harvest disruption, though the pallet shortages may linger into next year.

**A recent poll found voter support for the Renewable Fuel

Standard has hit its highest levels in at least five years.

Meanwhile, the benchmark tracking poll, conducted at the end of May by Morning Consult, shows support for the use of biofuels like low-carbon ethanol has remained consistently high, with a bipartisan majority of voters expressing a favorable opinion.

The poll found that 64% of respondents support the Renewable Fuel Standard, with 29% expressing “strong support.”

**JBS USA says it paid an $11 million ransom to cyber attackers that shut down operations in the U.S. and Australia two weeks ago.

In a press statement, JBS says the vast majority of the company’s facilities were operational when the ransom was paid.

JBS CEO Andre Nogueira tells the payment, made in bitcoin, was intended to prevent further disruption and to limit the potential impact on restaurants, grocery stores and farmers that rely on JBS.

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