Climate-Smart Ag in Alabama and Fertilizer Recovery Possible in 2023

Climate-Smart Ag in Alabama and Fertilizer Recovery Possible in 2023

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

**Ag Secretary Tom Vilsack was in Alabama Monday to announce the second round of investments of the Partnerships for Climate-Smart Commodities funding.

Projects from the second funding pool will emphasize the enrollment of small farming and ranching operations as well as measurement, monitoring, reporting and verification activities.

The investment will expand markets for climate-smart commodities, leverage greenhouse gas benefits of climate-smart production and provide direct, meaningful benefits to production agriculture.

**Fertilizer consumption suffered in 2022 due to market volatility and record-high prices, but a new Rabobank report says a recovery in consumption is possible in some regions next year.

Rabobank says, “The affordability index’s moving average is trending lower as fertilizer prices are returning to pre-Ukraine War levels.”

The key point to watch for is nitrogen products, as the natural gas crisis in Europe has the potential to make urea and ammonia more expensive.

**USDA says export inspections of corn and wheat rose during the week ending on December 1.

Corn inspections were just over 524,300 metric tons, up from 311,700 tons the prior week, but still behind the 786,000 tons inspected during the same time last year.

Wheat assessments reached 334,650 metric tons during the week, up from 284,500 tons during the previous week, and ahead of the 285,000 tons inspected at the same time last year.

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