Florida Food Check-Out Week and Farmers to Plant More Wheat-Corn-Soy
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Farm Bureau volunteers will be celebrating “Food Check-Out Week February 14-18 as they spotlight the healthy, nutritious food supply available to Floridians.
According to www.floridafarmbureau.org, volunteers will also host various interactive community events statewide.
USDA data shows the average American earns enough income to pay for an annual supply of food in just seven weeks.
The average American is now at least three-generations removed from the farm.
www.floridafarmbureau.org/news/food-check-out-week-will-be-celebrated-february-14-18-2022/
**The Wall Street Journal says farmers plan to plant more corn, soybeans, and wheat than last year thanks to a banner year for grain prices, but they also face more uncertainty.
However, high fertilizer prices, forecasts for more weather challenges, and the threat of China slowing its demand for global commodities may put a damper on the anticipation.
Analysts and investors say geopolitics may bring more
volatility to prices next year.
**The Energy Information Administration says ethanol output rose slightly week-to-week while stockpiles declined.
Production of the biofuel increased to an average of 1.059 million barrels a day during the week ending on December 24, up from an average of 1.051 million barrels a day during the previous week.
Ethanol inventories during the week ending on December 24 fell to 20.76 million barrels, down from 20.705 million the week before, the lowest level in three weeks.
