The COP26 international climate conference concludes today after two weeks in Glasgow, Scotland. The conference has placed unprecedented emphasis on the potential role of agriculture in reducing emissions. But a major highlight of the closing days is a surprising joint statement by the US and China to work together on ways to reduce greenhouse gas emissions.
The deal is short on details – to say the least. One thing the two countries said they will do is meet in the first half of 2022 to discuss plans to cut methane emissions. The measures under discussion include incentives to reduce methane emissions from agriculture.
Why it matters: China is responsible for 27% of global emissions, far ahead of the United States, which accounts for 11%, including according to a study by the Rhodium Group, an impartial analytics firm.
COP26 President Alok Sharma said on Thursday that the US-China deal “helps give some momentum,” but stressed that he and other officials are trying to reach an agreement involving nearly 200 countries.
The goal is to “keep 1.5 within reach,” he said, referring to the 2015 Paris agreement to keep global warming well below 2 degrees Celsius, and preferably close to 1.5 degrees. .
Remember: Sharma said the negotiators were “still some way off” from agreeing on “very critical issues”. Those issues include Article 6, the rules on international carbon accounting and trading.
Analysis: Inflation Could Determine Biden RFS Decision
The latest data on inflation has certainly caught President Biden’s attention. And some energy analysts believe concerns about rising gas prices could lead his government to limit annual biofuel mandates under the Renewable Fuel Standard.
An analysis by ClearView Energy Partners estimates the current cost of RFS compliance at 14 cents per gallon, compared to 6 cents last year.
“While RFS leniency has come with political backlash from Farm Belt, we assess that Biden relied less on corn and soybean growing regions for his 2020 win than his immediate predecessors,” the analysis said.
“In any case, we would suggest that the Biden White House may face a more imminent challenge: avoiding the perception that it is manned as a third Obama administration, but stuck in a second Carter term.”
Remember: An EPA rule setting blending requirements for 2021 and 2022 has been under review by the Office of Management and Budget since August.
Former US Ambassador to China Terry Branstad says: Agri-Pulse he met with US Trade Representative Katherine Tai last week and urged her to negotiate an extension of the Phase One deal with China. China’s agreement to buy U.S. agricultural commodities under the deal will expire on December 31.
“I think we need to extend phase one,” Branstad said on the sidelines of the Midwest Agricultural Export Summit in Sioux Falls, South Dakota. “It’s been great. We had record sales of corn, soybeans and pork to China.”
Branstad and his former chief of staff are starting an advisory group to advise parties wishing to do business with China. During his trip to Washington last week, he also met the Chinese ambassador to the US
Agricultural machinery sales remain strong
According to the latest data from the Association of Equipment Manufacturers, tractor sales are up 11% through October this year compared to the first 10 months of 2020. Self-propelled combines sales are up 24% year over year, says AEM.
Sales of combined tractors and combines in 2021 are also ahead of the most recent five-year average.
Nutrien gets fines for dicamba applications
Nutrien Ag Solutions has agreed to pay a $668,100 fine for applying dicamba products last summer, while their registrations were canceled due to a ruling from the 9e US Circuit Court of Appeals.
The company “has reportedly used two dicamba products at least 27 times in a manner inconsistent with its approved label, in violation of the agency’s cancellation order,” the EPA said, applying dicamba 33 times during periods of high winds. , contrary to the label.
Nutrien “has taken steps to address the alleged violations,” the EPA said, including by providing training on pesticide application, partnering with pesticide applicators to comply with labeling and other requirements, and improve archiving practices.
You can download the consent agreement and final order here.
Kraft Heinz Buyer Forced to Shed Some Lines
Justice Department allows Lactalis American Group to buy Kraft Heinz natural cheese business as long as Kraft Heinz Athenos and Polly-O businesses are sold to other companies — acquisitions already underway
In a proposed settlement agreed upon by the companies, the DOJ said that to maintain competition in the feta and ricotta cheese markets, Emmi Roth USA of Fitchburg, Wisconsin, would buy the Athenos business, while BelGioioso Cheese of Green Bay Polly – Oh.
In September 2020, Kraft Heinz announced the sale of its natural, grated, cultured and specialty cheese business to the US subsidiary of Groupe Lactalis, a French company, for $3.2 billion. DOJ filed a complaint and the proposed settlement in federal court this week.
He said it: “What a dork!” —South Dakota GOP Rep. Dusty Johnson laughed at himself when he was described as someone whose bedtime reading consisted mainly of the 2018 farm bill.
Johnson, along with House Agriculture Committee colleagues Randy Feenstra, R-Iowa, and Michelle Fischbach, R-Minn., attended the Midwest Agricultural Export Summit. They say they are eager to start work on the next five-year farm bill.
To ask? Tips? Remarks? Email Philip Brasher at: [email protected]