USDA Announces '24 Sugar Loan Rates, Allotment & Marketing Allocations

The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation (CCC) today announced sugar loan rates for crop year 2023 (fiscal year 2024). 

USDA offers commodity loans to processors of sugar beets and domestically grown sugarcane to provide interim financing to producers so that sugar can be stored after harvest when market prices are typically low and then sold later when price conditions are more favorable.

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USDA Refining Of Forecasted US Cotton Production

The current U.S. cotton production forecast is 13.13 million bales. The forecast is expressed in standard 480-pound bale equivalents (or statistical bales). Actual physical bales (or running bales) tend to weigh closer to 500 pounds, so analysts typically use conversion factors following USDA, e.g., 1.0275 statistical bales for every running bale.

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Cotton, USDAdon molino
Man Accused of Illegally Seizing Animals Also Accused in Scam

A man who was accused of the illegal seizure of livestock animals in Rosepine has also been accused in a scam.

The Beauregard Parish Sheriff’s Office said a man named Toney Wade, who claimed to be an Animal Cruelty Investigator for Cajun Coast Search and Rescue, was soliciting donations via PayPal and Amazon during the initial days of the wildfires.

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In a State Used to Hurricanes and Flooding, Louisiana Is Battling an Unprecedented Wildfire Season

Louisiana, typically one of the wettest states in the country, is on fire.

In communities often challenged by flooding and hurricanes this time of year, firefighters instead are fending off 300-foot-tall (91.44 meters) blazes during an unprecedented wildfire season, which isn't even halfway over. Stoked by record-breaking heat, drought and plentiful dry vegetation to fuel the flames, more than 550 fires — in August alone — ravaged tens of thousands of acres of Louisiana land, engulfed homes and forced entire towns to evacuate.

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kristen oaks
Low Mississippi River Limits Barges Just as Farmers Want to Move Their Crops Downriver

A long stretch of hot, dry weather has left the Mississippi River so low that barge companies are reducing their loads just as Midwest farmers are preparing to harvest crops and send tons of corn and soybeans downriver to the Gulf of Mexico.

The transport restrictions are a headache for barge companies, but even more worrisome for thousands of farmers who have watched drought scorch their fields for much of the summer. Now they will face higher prices to transport what remains of their crops.

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kristen oaks
STL Region & Port NOLA Working to Grow Volume of Freight on Inland Waterways

St. Louis regional ports and the St. Louis Regional Freightway are jointly supporting the Port of New Orleans’ (Port NOLA) efforts to strengthen the flow of inland river cargo with the development of the Louisiana International Terminal (LIT). The LIT is a new container terminal project on the Gulf Coast that will benefit not only residents and businesses in south Louisiana, but also advanced manufacturing operations, agribusinesses and farmers, as well as other port operations throughout the Southeast and Midwest regions. Port NOLA's new $1.8 billion state-of-the art container terminal will eliminate air-draft restrictions that limit the size of vessels that can currently call on the Port NOLA, allowing it to serve vessels of all sizes and dramatically increasing Louisiana’s import and export capacity while fostering strategic inland growth.

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kristen oaks