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☆ Florida farmers and ranchers could see up to $1.5 billion in Hurricane Ian-related losses
▼ + stars: | 2022-10-18 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +2 min

CNN —Florida farmers and ranchers lost up to $1.56 billion in crops, livestock, and nursery and aquaculture products due to the devastation caused by Hurricane Ian, according to a new preliminary analysis from the University of Florida released Tuesday. The assessment done by the UF/IFAS Economic Analysis program puts the preliminary losses between $787 million and $1.56 billion across millions of acres of agricultural lands impacted by the hurricane. Citrus, vegetables, melons, and livestock sustained the most “significant production losses,” the report said. “Our preliminary estimate is a range, a wide range, to account for many of these unknowns. Assessments are still ongoing and the final value of agricultural losses to the state will not be complete for weeks, according to the report.

CNN —In Nelson Mandela Bay, in the Eastern Cape of South Africa, thousands of hectares of land could one day become the world’s largest green ammonia plant. But by using renewable energy, “green” ammonia can be manufactured, slashing the carbon footprint of agricultural production and opening up the compound to further uses. ‘A completely green process’The process to make green ammonia is quite simple, Loubser says, requiring just water, air and energy. But green ammonia could also be burned in existing coal-fired power plants to quickly reduce their CO2 emissions, the study notes, or in plants customized to run entirely on ammonia. And many of the systems that will make use of green ammonia – including ship engines – are still under development, which is why production levels are low at the moment.

☆ 9 Stock Picks, Investing Strategy From Top 1% Fund Manager in 2022
▼ + stars: | 2022-10-14 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

James Abate's fund has beaten 99% of its peers this year and over one, three, and five years. Here are his 9 standout stock picks which he says have enough pricing power to beat the bear market. He compared this dogmatic style of investing — purposely ignoring opportunities in the market — to horses running around a track with blinders on. Within energy, Abate specifically likes more gas-related names versus oil-related ones, with two standouts including Exxon Mobil (XOM) and EQT (EQT). Below is the full list of Abate's nine standout stocks along with the ticker, market capitalization, and sector for each.

☆ Yellen calls on G20 to boost aid for food insecurity, offers debt freeze
▼ + stars: | 2022-10-11 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

She also called on G20 countries to increase financial aid to initiatives such as the Global Agriculture and Food Security Program, to which Washington just gave $155 million, and to avoid all food export restrictions. The United States had announced nearly $10 billion in assistance this year to provide critical support to food-insecure countries, Yellen said. She said G20 members should urge international financial institutions to continue implementing commitments made in their Action Plan to Tackle Food Insecurity. Washington would also support temporary debt service standstills for countries that needed debt relief and sought help under the G20 Common Framework adopted in late 2020, she said. Register now for FREE unlimited access to Reuters.com RegisterEditing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Oct 11 (Reuters) - U.S. Supreme Court justices on Tuesday questioned whether upholding a California law banning the sale of pork from pigs kept in tightly confined spaces would invite states to adopt laws imposing their political or moral views outside their borders. "It's an extraterritorial regulation that conditions pork sales on out-of-state farmers adopting California's preferred farming methods for no valid safety reasons," Bishop said, noting that 99.9% of California's pork comes from elsewhere. "As I read California's law, it's about products being sold in California," conservative Justice Clarence Thomas said. Liberal Justice Sonia Sotomayor said that while California represents a huge market, "no one's forcing them to sell to California." 'SUBSTANTIAL IMPACT'But liberal Justice Kentanji Brown Jackson said that the court must accept that California's law will have a "substantial impact on the operation of this market."

☆ Farmers among Russians drafted into the military, Putin says
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Russian President Vladimir Putin chairs a meeting on agriculture issues via video link in Sochi, Russia September 27, 2022. Sputnik/Gavriil Grigorov/Pool via REUTERS ATTENTIONSummary This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Sept 27 (Reuters) - Farmers are among the Russians being drafted into the military, President Vladimir Putin told a meeting with officials on Tuesday, signalling potential further risks for the 2023 crop. Autumn is a busy season for farmers as they sow winter wheat for the next year's crop and harvest soybeans and sunflower seeds. Winter grain sowing has already been significantly delayed by rains. I ask you to pay special attention to this issue," Putin told the televised meeting.

☆ Brazil does not need to fear recession abroad, strong dollar, says Guedes
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Brazil's Economy Minister Paulo Guedes speaks during a news statement after opening ceremony of the OECD meeting at the Itamaraty Palace in Brasilia, Brazil June 21, 2022. REUTERS/Adriano Machado/File PhotoSept 26 (Reuters) - Brazilian Economy Minister Paulo Guedes said on Monday that the country need not to fear recession abroad or a stronger dollar, arguing that Latin America's largest economy has its own growth dynamics. Register now for FREE unlimited access to Reuters.com Register"They say, well, if there is a recession there (abroad), the price of agricultural products will fall, it will be terrible, Brazil will end. "The dollar goes up, the dollar goes down to adjust, but the economy, the dynamics of Brazilian growth is from domestic savings, innovation, technology," he said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Marcela Ayres; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Seven more crop-laden ships leave Ukrainian ports on Sunday
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Clodagh Kilcoyne/File PhotoKYIV, Sept 25 (Reuters) - Seven more ships laden with agricultural produce left Ukrainian ports on Sunday, the country's infrastructure ministry said, bringing the total to 218 since a U.N.-brokered corridor through the Black Sea came into force at the start of August. Ukraine, a major agricultural producer, was left unable to export through the Black Sea after Russia's invasion on Feb. 24 until the agreement of the grain deal, which promises safe passage for ships carrying crops. In a post on Facebook, the ministry said this brought the total amount of agricultural produce shipped through the corridor to 4.85 million tonnes. "On September 25 ... 7 ships with 146.2 thousand tons of agricultural produce for countries in Africa, Asia and Europe left the ports of Odesa, Chornomorsk and Pivdennyi," the ministry said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Max Hunder; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

☆ Ukraine ports have shipped around 4.7 million tonnes of food under grain deal, infrastructure ministry says
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

The Sierra Leone-flagged cargo ship Razoni, carrying Ukrainian grain, is seen in the Black Sea off Kilyos, near Istanbul, Turkey August 3, 2022. The ministry said eight ships with 131,300 tonnes of agricultural products are due to leave Ukrainian Black Sea ports on Saturday. Ukraine's grain exports slumped after Russia invaded the country on Feb. 24 and blockaded its Black Sea ports, driving up global food prices and prompting fears of shortages in Africa and the Middle East. Ukraine, a global major grain producer and exporter, shipped up to 6 million tonnes of grain per month before the war. Three Black Sea ports were reopened under a deal signed on July 22 by Moscow and Kyiv and the ministry has said these ports are able to load and send abroad 100-150 cargo ships per month.

☆ 4 clean energy trends to accelerate your sustainability goals
▼ + stars: | 2022-09-21 | by ( Sponsor Post | Created Enel With Insider Studios | ) www.businessinsider.com time to read: +7 min

This law is designed to lower the costs of acquiring clean energy solutions while enabling accessibility and accelerating the adoption of affordable, clean energy products and services. Here are four trends that will likely reshape your sustainability goals and questions businesses should ask to accelerate climate action. Scaling up of commercial clean energy solutionsThe new law will inject $369 billion into the US clean energy economy, financing renewable power, clean energy equipment manufacturing, electric vehicles, and much more. Here are questions to consider when scaling your clean energy portfolio:Given cost competitiveness and accessibility of clean energy, how will scaling-up clean energy solutions influence your bottom line? To prepare your operations to scale your sustainability goals, consider these questions when preparing your data:Currently, how is ESG data used to inform business operations and sustainability goals?

The price of groceries continued to soar in the 12 months that ended in August, climbing by 13.5% — the biggest increase since 1979. Many food categories had double-digit 12-month increases, led by eggs, which surged by 40%; margarine, up by 38%; and flour, which jumped by 23%. "This outbreak has contributed to elevated egg prices and increasing poultry prices as over 40 million birds, 189 commercial flocks, and 39 States have been affected," the department said. The USDA also said food price growth in many categories should abate through the end of the year and into 2023, thanks to higher interest rates, lower commodity prices and lower energy prices. "Food prices are expected to grow more slowly in 2023 than 2022, but still above historical average rates," the Agriculture Department said.

☆ Extreme weather could push food inflation even higher
▼ + stars: | 2022-09-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

But as extreme weather events increase in frequency or become even more intense, the unpredictability is becoming more of an economic liability. “And those higher costs are being passed on to consumers.” The rise in food prices is one of the key factors fueling inflation, according to recent CPI data. Extreme weather also can negatively affect companies’ bottom lines, according to research from Paul Griffin, professor of management at UC Davis. Corn crops that died due to extreme heat and drought during a heatwave in Austin, Texas, on Monday, July 11, 2022. Still, the very prospect of more extreme weather could further sap away groundwater and limit the cultivation potential in the future, Smith said.

[1/3] Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey November 2, 2022. The agreement, reached in July, created a protected sea transit corridor and was designed to alleviate global food shortages, with Ukraine's customers including some of the world's poorest countries. So far, some 9.76 million tonnes of agricultural products have been shipped, predominately corn, but also volumes of soybeans, sunflower oil, sunflower meal and barley. A drop in shipments from major exporter Ukraine has played a role in this year's global food price crisis, but there are also other important drivers. At the start of the conflict there were around 2,000 seafarers from all over the world stranded in Ukrainian ports.

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