“Since refiners can carry over excess 2013 production into 2014 for RFS compliance, the market could be closer to one billion gallons, or almost half of our 2013 [biodiesel] production. That would be devastating for the industry . .. It’s difficult to predict the impact that would have on soybean markets, but clearly biodiesel provides a solid market for excess soybean oil."...More
Each year, timed in sync with the National Farm Machinery Show and our own FinOvation Awards banquet, the American Society (ASABE) holds its annual awards ceremony that recognizes 50 of the most innovative products designed in the last year. The difference between these two award contests is that our FinOvation awards are selected by you, the reader, whereas ASABE’s winners are chosen by a panel of professional engineers....More
Economic solutions have been a solid tool for achieving environmental goals. Perhaps the most famous is the idea of power plants trading pollution credits, but there’s one for water that could benefit your farm.
USDA and EPA recently announced they are working together to support the development of water quality trading markets. These markets are expected to provide farmers and ranchers with new income opportunities, in addition to enhancing water quality and conservation....More
In every issue of Farm Industry News, the last page of the magazine is devoted to one “Good Buy” product. The staff selects a new product on the market that we think is a good buy based on that time of year and the innovation behind the product. This year, we featured quite the variety of products, from a new Ford pickup to a grain moisture tester. Browse through all of this year’s “good buys” and let us know which product you’d by in the comments below.
The new guide from Purdue includes information on different tank types and construction materials and how to select the best ones. It also provides information on repairing tanks and buying used tanks....More
Tires are getting taller to carry heavier loads without increasing soil compaction. Farmers will have new size options in tires when buying their next tractor. New tire sizes are also changing the geometry and design of farm equipment....More
The EPA proposal would "jeopardize the tremendous success our nation’s farmers have seen as a result of the certainty of the RFS with net farm income increasing by 51 percent while federal farm payments have decreased 57 percent.”...More