Soybean Weekly Update
ISA ANNOUNCES SUMMER AGRIBUSINESS MANAGEMENT WEBINAR SERIES
ISA’s new Agribusiness Management Program (AMP) is designed to provide farmers with go-to advice and guidance on many agribusiness management topics including succession planning and marketing. AMP will continue its mission by hosting a five-week webinar series during July and August with a deep dive on agribusiness management advice. Featuring presentations from lawyers, bankers, accountants, university staff and more, this multi-part webinar series will discuss important issues like succession planning, grain marketing and tax implications. Learn more about the free AMP Summer Webinar Series and register online at www.ilsoyadvisor.com.
NEW COVID-19 AID PROPOSAL WOULD ASSIST BIOFUELS AND LIVESTOCK SECTORS
This week, lawmakers in the U.S. House of Representatives finalized their $3 trillion proposal for the next coronavirus aid package, which includes compensation for euthanized livestock and assistance for the biofuels sectors. The bill, known as the HEROES (Health and Economic Recovery Omnibus Emergency Solutions) Act, would reimburse producers who have suffered unexpected losses due to COVID-19 from Jan. 1 - May 1 by providing 45 cents per gallon of fuel produced during that time. The House is expected to vote on the package as soon as tomorrow, but the Senate is likely to wait until after Memorial Day to decide whether to sign the bill into law. Read more about the HEROES act here.
ASA SHARES #SOYHELP RESOURCES FOR FARMERS
The American Soybean Association (ASA) is continuing to provide resources and #SoyHelp for farmers during this stressful time. Each Tuesday, ASA will be sharing stories from a farmer or farm family and their experiences with farm stress. This week’s editorial is from farmer Bob Worth of Minnesota. Read more about his story and the #SoyHelp campaign here.
ILLINOIS WATERWAY CONSOLIDATED LOCK CLOSURES RESUME IN JULY
The Illinois Waterway, which provides a navigable connection between Lake Michigan and the Mississippi River via eight lock and dam sites, will resume scheduled closures this summer. To facilitate repairs, the U.S. Army Corps of Engineers Rock Island District says closures will take place simultaneously to lessen impact to commercial navigation. To read about what dams will be impacted, click here.
ILLINOIS AG IN THE CLASSROOM EXTENDS EDUCATION OFFERINGS TO KEEP KIDS OCCUPIED AT HOME
With the closure of school, Illinois Ag in the Classroom (IAITC) will continue posting new and innovative lessons for teachers, parents and students through June 12. Find IAITC’s lessons here or on their social media channels or click here for more IAITC resources.
USDA ANNOUNCES $100 MILLION FOR AMERICAN BIOFUELS INFRASTRUCTURE
Last week, the United States Department of Agriculture (USDA) announced it will provide $100 million in competitive grants for activities designed to expand the sale of renewable fuels. Through the Higher Blends Infrastructure Incentive Program (HBIIP), $100 million in funding will be made directly available to assist transportation fueling and biodiesel distribution facilities with converting to higher ethanol and biodiesel blends by sharing the costs related to and/or offering sales incentives for the installation of fuel pumps, related equipment and infrastructure. The U.S. soy industry welcomed this announcement to expand biodiesel, an important market for American soy growers. Read more about the industry’s reaction to the announcement here.
DID FROST DAMAGE YOUR SOYBEANS?
Although some Disney characters love cold, soybeans are not always a fan. CCA Soy Envoy Randy Niver explains the symptomology of soybeans impacted by frost and/or freeze and how to tell if your soybeans have been impacted. Read Niver’s article and get the latest in-season, actionable advice at ILSoyAdvisor.com.
2019 NREC ANNUAL REPORT
The 2019 Illinois NREC Annual Report is now available for farmers and retailers. This report summarizes key takeaways from cover crop projects to excess Phosphorus. The full report is available here for download.
ASA HIRES VIRGINIA HOUSTON AS DIRECTOR OF GOVERNMENT AFFAIRS OVER TRADE PORTFOLIO
The American Soybean Association (ASA) has announced the hire of Virginia Houston as the newest member of its Washington, D.C.-based government affairs team. Houston, who will start June 1 with the industry’s national policy organization, comes from the American Seed Trade Association (ASTA) and joins ASA as the Director of Government Affairs over the trade portfolio. Read more about her role here.
BEST BIODIESEL PRACTICES WEBINAR – MAY 20
Learn more about biodiesel operating and maintenance benefits during a webinar on May 20 at 11 a.m. CDT, presented by B20 Club, Chicago Area Clean Cities and Renewable Energy Group. During the webinar, Illinois fleets using biodiesel blends of B20 or greater will share biodiesel experiences and best practices. The B20 Club is a partnership of the Illinois Soybean Association checkoff program and American Lung Association that recognizes elite Illinois fleets operating on biodiesel blends of B20 or higher. Register for the webinar by visiting this link.
INSECTS & PEST MANAGEMENT IN SOYBEANS WEBINAR – JUNE 4
Join ILSoyAdvisor for our next Webinar on June 4 with Nick Seiter from UIUC. Seiter will present on the biology, damage potential and management tactics for season-long soybean pests like dectes stem borer, stink bugs and other defoliating insects. Learn more and register for the webinar online.
ISA DISTRICT ELECTIONS
ISA is seeking qualified candidates to fill board seats representing Districts 1, 5, 7, 9, 12 and 13 that are up for election this year. Board members serve a term of three years and are eligible for up to two terms. Petitions are available through the Illinois Department of Agriculture in Springfield, or by contacting ISA representative Dustin Scott at firstname.lastname@example.org. Petitions are due May 15 to be included in the ballot and can be filed with the Illinois Department of Agriculture director in Springfield. Elections will be held July 7, 2020. Contact Dustin with questions.
UNIVERSITY OF ILLINOIS EXTENSION NEWS
The University of Illinois Extension has released updated guidelines for Extension sponsored events and activities, given the impact of the COVID-19 pandemic. In-person events sponsored by Illinois Extension through July 5 have been canceled or transitioned to an online delivery format along with all camps have been cancelled through August 15. To read more about the updates and phased approach, visit here.
ILSOYADVISOR TWEET OF THE WEEK
Are you taking accurate #soybean stand counts? Learn a few different methods from our latest article: https://bit.ly/3bfhyAP
See more tweets from @ILSoyAdvisor and “follow” along on Twitter.