Governor Jeff Landry Issues Disaster Declaration for Louisiana's Signature Crawfish Industry

Louisiana Gov. Jeff Landry issued a disaster declaration Wednesday for the state's crawfish industry after last year's severe drought devastated this year's harvest, which should be at its peak during Lent and Easter.

""It's the worst season in my history, and I've been farming crawfish for 30 years," Acadiana farmer Richard Fontenot said in interview with USA Today Network. "We're 80% behind where we usually are."

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AFBF Applauds SEC for Sparing Farms from Wall Street Rules

The Securities and Exchange Commission (SEC) responded to American Farm Bureau Federation’s (AFBF) concerns and affirmed that regulations intended for Wall Street should not extend to America’s family farms. The SEC voted today on its final climate disclosure rule and removed the Scope 3 reporting requirement, which would have required public companies to report the greenhouse gas emissions of their supply chain.

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Some Good News for a Change Regarding Crawfish

After a less than stellar start to this crawfish season, some good news is starting to come in. Louisiana Commissioner of Agriculture and Forestry Dr. Mike Strain says supplies are apparently starting to increase while the price is starting to come down. At the wholesale level last week, prices were ranging to $6 to $16 a pound for boiled crawfish. Strain reports as of Monday, wholesale prices—overall—had fallen a full 20% or about a dollar a pound.

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don molino
Where Dicamba Fits in 2024 and Beyond

The court ruling revoking registration for three dicamba products designed to spray over dicamba-tolerant soybeans was the “shot heard around the world” in farmer circles. Roughly a week later, many let out a sigh of relief when U.S. EPA indicated that existing stocks of Engenia, XtendiMax and Tavium could be used if certain deadlines were met.

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Soybeansdon molino
Bullish Activity for Cotton Setting Up for Months-Long Ride

The old crop May and July futures contracts will continue to have bullish activity at least through early June. The market will come under pressure if speculators instigate short covering selloffs, but the low 90s should prevent any activity below 90-91 cents – at least through the expiration of the May contract and into early June for the July contract. The only other bearish activity facing old crop will continue to be weak fundamental demand.

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Cottondon molino
Sugar Farmers Host D.C. Fly-in This Week

The nation’s sugar farmers are in Washington, D.C. this week as part of the American Sugar Alliance annual fly-in. Patrick Frischhertz, a member of the American Sugar Cane League National Legislative Committee and a Louisiana farmer, says the event helps Congress know what’s important to the sugar industry.

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SugarcaneAllie Shipley
USDA Seeks Nominees for the United Soybean Board

The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) is seeking nominees for the United Soybean Board to succeed 16 members who represent Arkansas, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Pennsylvania, South Dakota and Virginia, and one alternate member in Georgia, all with terms that expire December 2024. Individuals appointed to the board will serve three-year terms beginning in late 2024 and ending in 2027. The deadline for nominations is May 3, 2024.

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SoybeansAllie Shipley