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Anhydrous Ammonia, Corn, and Natural Gas Prices Over Time

Nitrogen fertilizer is a major input in corn production and anhydrous ammonia is a widely used nitrogen fertilizer. In recent years, questions exist whether ammonia prices have decreased enough to reflect the decreases in corn and natural gas prices. Over time, anhydrous ammonia prices and corn prices are positively correlated. A major input in ammonia production is natural gas. As a result, natural gas prices also are positively correlated with anhydrous ammonia prices. [node:read-more:link]

Down to the bone

Monsanto, the patented seed and pesticide agriculture behemoth, was under scrutiny due to their failed offer to buy Syngenta, the Swiss agricultural chemicals and seed company.  Now Monsanto itself is the target of a buyout. German drug corporation Bayer has offered Monsanto stock holders a $122 per share. Big business history reads a little like the spiritual hymn “Them Dry Bones.” From the toe bone all the way up to the head bone, everything is connected. Take Monsanto for instance. [node:read-more:link]

Ohio PUC chairman seeks balance in tackling carbon emissions

As Ohio pursues parallel -- and contrary -- paths in response to U.S. EPA's Clean Power Plan, one central person who will help determine the state's energy future is Asim Haque, chairman of the Public Utilities Commission of Ohio.  But the quirky energy politics of this purple state are not going to make it easy.  Haque on May 9 was elevated to chairman of the commission by Gov. John Kasich (R) following the resignation of Andre Porter. Haque had been appointed to the commission in 2013 and was reappointed earlier this year to serve until 2021. [node:read-more:link]

Rainfall following drought linked to historic nitrate levels in Midwest streams in 2013

Highest concentrations found in Iowa, Minnesota and Illinois. Drought periods followed by rainfall caused nitrate levels to increase to the highest ever measured in some Midwest streams during a 2013 study. The USGS and the Environmental Protection Agency collaborated in 2013 to sample 100 small streams across parts of 11 states in the Midwest. Scientists tested for a broad range of water-quality and habitat characteristics and assessed organisms living in the stream, including algae, invertebrates and fish. The study did not look at treated drinking water. [node:read-more:link]

Hawaii -Slow start for $150 million renewable energy program

A $150 million ratepayer-supported renewable energy program remains almost entirely untapped.  The Green Energy Market Securitization program was rolled out with the prediction that money raised through bonds would be spent by November.  Over 99 percent of the funds are untouched, and only 11 solar systems have been installed since the program started in summer 2015. Consumers can apply for financing to install renewable energy systems under the program. Nonprofit organizations are no longer eligible.

 

 

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Spending bill chides OSHA on regs for fertilizer dealers

The Occupational Safety and Health Administration should go through a public rulemaking process before imposing new Process Safety Management (PSM) regulations on fertilizer dealers who handle anhydrous ammonia. The fight over the requirements has been going on since OSHA issued guidance last July that revoked the so-called “retailer exemption” from the PSM standards. Ag retailers, who contend that implementing PSM requirements would cost them dearly, protested and then sued. A ruling from the D.C. Circuit Court of Appeals is pending. [node:read-more:link]

Overview of May Conference Call

Quick Announcements

  • SARL Website – we have renovated it and updated it using a new web platform that also allows quick ag clips postings and a blog. Take a look at sarl.us and let us know.  Now we are working on a platform that will automatically send Ag Clips, it went last week, but got blocked by our internal spam filterJ so now it is set to send to me and then I will send it out through mailchimp – which is what this email comes through.

Monsanto Rejects Second Bid From Bayer

Bayer AG’s bid to buy Monsanto Co. for more than $60 billion has hit an impasse that could pose a challenge for the blockbuster agriculture tie-up. Bayer has offered to buy the U.S. seed giant for $62 billion including debt, or $122 a share, which Monsanto last month rejected as too low. [node:read-more:link]

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