Looting of Ukrainian Grain and Cost of Farm Production Higher
**The Alabama Cooperative Extension Service will host their 2022 Gulf Coast Cattlemen’s Conference on August 12th at the Grace Fellowship Church in Atmore, and all cattlemen and cattlewomen are invited to attend.
Topics will include Beef Industry advocacy, Beef Imports and
Exports, Market Outlook and Price Protection Opportunities, Reducing Input Costs, and managing and stockpiling Bahiagrass in the Deep South
Again, the 2022 Gulf Coast Cattlemen’s Conference is August 12th in Atmore.
For more information or to register, contact Kelly Palmer at firstname.lastname@example.org or by phone at 251-654-7149.
**The Initiative for the Study of Russian Piracy launched a new project, to expose the magnitude and potential impact of Russia's looting of Ukrainian assets.
www.agrimarketing.com reports, ISRP will release a report concluding Russia has looted more than half-million metric tons of Ukrainian grain and 11,000 metric tons of Ukrainian steel.
The theft has sparked fears of an engineered famine, and the resulting economic impact is already being felt worldwide.
**In 2021, USDA says the price of farm production hit $392.9 billion, up 7.3% from the year before.
The four biggest expenditures totaled $189.4 billion, just over 48% of all expenses last year.
Those four are feed at 16%, farm services at 11%, livestock, poultry, and related expenses at 10%, and labor at 9.4%.
Diesel is the largest sub-component at $8.4 billion, accounting for 65% of the total fuel, up 18%.