Renewable Energy on Farms and Corn Exports Soar
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**A proposal being considered by the California Public Utilities Commission would bring changes to a program to encourage private investment in on-site renewable energy.
The state’s Net Energy Metering Aggregation program has led to increased adoption of solar and other renewables by farms, ranches and businesses.
The changes would effectively eliminate the benefit of aggregation for power used and generated by customers with more than one utility meter.
**USDA says corn sales to overseas buyers surged in the week ending October 19.
Corn export sales were up 53% over the previous week and 22% from the four-week average.
An agency report says Mexico was the biggest buyer of U.S. corn followed by Colombia and Japan.
Exports overall during the week were down 6% week-to-week, the lowest since the marketing year began September 1.
**The nation's average gas price fell 5.3 cents last week to $3.45 per gallon.
That’s down 36.3 cents from a month ago and 27.4 cents from a year ago.
The national average DIESEL price fell 3.4 cents last week to $4.43 per gallon, 86 cents lower than a year ago.
GasBuddy's Patrick De Haan says the West Coast has seen some of the largest declines, with California down 80-cents in the past month.
