Retail Industry
The National FFA Organization announces it has named Scott Stump as its new chief executive officer (CEO), effective Monday, June 21. Stump also takes the leadership role as CEO of the National FFA Foundation.
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As rains drop needed moisture for areas of the country dealing with drought and in need of relief, the situation is growing more dire in the West.
USDA’s report this week showed 76% of the U.S. corn crop is rated good to excellent, 2 points better than last year. The ratings are causing confusion for farmers seeing struggling crop stands due to weather extremes.
One week after a cyberattack shut down meat packing plants in three countries, U.S. officials seized the cryptocurrency payment that was made during the Colonial Pipeline hack less than a month earlier.
Nationwide, USDA shows 72% of the corn crop is rated good to excellent, which is a 4 percentage point drop from last week. This week’s rating is also 3 points behind last year.
The Biden administration is out with the fiscal year 2022 budget proposal, calling for more money within USDA to support climate research and racial injustice.
Drought conditions have lessened a bit in portions of North Dakota thanks to some rain, but frigid temperatures late last week and into the weekend also took its toll on crops across the upper Midwest.
The dire drought situation is one USDA meteorologist Brad Rippey thinks could last through at least the remainder of 2021. Forecasts also point to a drier weather pattern returning for Texas and the Plains.
Demand for pork and grains is helping propel prices in 2021, and USDA is forecasting it to be a record year.