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Sorghum Notes | June 8, 2017

Sorghum Notes | June 8, 2017
 

SORGHUM E-Notes
June 8, 2017

NATIONAL SORGHUM PRODUCERS:
the voice of the sorghum industry

Sorghum Direct Sales Mission to Mexico

A team of U.S. sorghum merchandisers and trade representatives traveled to Mexico June 5-10 to discuss export logistics and market opportunities for sorghum. Sponsored by the U.S. Grains Council and the United Sorghum Checkoff Program, the team visited Mexico to share information on how sorghum is used as a livestock feed for beef, poultry and swine producers. Trade team visits offer U.S. sorghum merchandisers and cooperatives the ability to discuss the import needs of the Mexican livestock feed market and to plan out logistic options for purchasing sorghum in a face-to-face setting. This trip served as the opportunity to strengthen existing relationships with buyers and expand partnerships into new areas of Mexico.

Long-time Sorghum Research Adviser Retires

Bruce Maunder, Ph.D., has dedicated over 20 years of service to National Sorghum Producers and the United Sorghum Checkoff Program as a volunteer research adviser. Prior to that Maunder directed worldwide sorghum research for Delkalb Genetics Corporation. His service to the industry is unparalleled, and the NSP Team would appreciate your help showing our appreciation.

This past March, Bruce announced his “full” retirement at the age of 82. Bruce’s passion has inspired many, and we would like to show thanks through letters, emails and cards from the sorghum community. Even if you did not have the opportunity to work with or know Bruce, we know he would love to hear your support. You can send your letter through the postal service or by e-mail to jennifer@sorghumgrowers.com…And it’s a surprise! To read more about Bruce, visit SorghumGrowers.com.

NSP Petitions House Ways & Means on Various Tax-Related Issues

National Sorghum Producers and other agriculture groups are rallying support for our nation’s farmers and ranchers on various tax-related issues through letters sent to Capitol Hill last week. The organizations wrote asking Congress to keep interest deductions, reduce capital gains taxes, and the groups also expressed support for maintaining the Section 199 deduction. A proposed reduction in capital gains taxes would enable producers to better respond to new market opportunities and facilitate the transfer of land to young and beginner farmers. The higher the tax rate the more difficult it is to cast off unneeded assets to generate revenue, upgrade their operations and adapt to changing markets.

A letter also asked for support of critical provisions such as cash accounting and like-kind exchanges. These provisions provide flexibility needed to plan for future business investments and allow producers to defer taxes when selling or purchasing. NSP will continue following comprehensive tax reform legislation to ensure policies meet the needs of our producers.

House Ag Committee Underscores Importance of U.S. International Food Aid and Agricultural Development

The U.S. House Committee on Agriculture held a hearing Wednesday on the future of international food aid and agricultural development as a continuation of the committee’s examination of all aspects of the next farm bill. House Agriculture Committee Chairman Mike Conaway said that while he does not agree with the White House budget proposal to eliminate two international food aid programs, there may come a time when the U.S. can no longer afford to provide such programs.

Sending commodities overseas through international food programs not only benefits recipients, but provides jobs to the domestic agricultural, manufacturing and maritime sectors. Representatives from stakeholders witnessed to the committee regarding the critical assistance the programs provide in both global food security and U.S. national security. More information about the hearing can be found here.

Senate Ag Announces Ag Research Hearing

The Senate Agriculture, Nutrition, and Forestry Committee has scheduled a hearing next week to review the research programs in the Farm Bill. The hearing is scheduled for Thursday, June 15. A witness list has not yet been released. The hearing announcement comes the same week as House Agriculture Biotechnology and Research Subcommittee Chairman Rodney Davis (R-IL) and Rep. Jimmy Panetta (D-CA) announced the formation of the House Agriculture Research Caucus with the goal of promoting agricultural research innovation at USDA, land-grant universities, non-land grant colleges of agriculture and the private industry.

NSP Welcomes Dyna-Gro Seed as an Industry Partner

National Sorghum Producers welcomed Dyna-Gro Seed to the NSP Industry Partner Program as a Contributor Level sponsor. Dyna-Gro Seed carries 31 varieties of sorghum seed and develops custom hybrids to supply a broad profile of products, having grown to be one of the top 10 seed companies in the United States. Dyna-Gro sorghum development and seed production is based out of Ralls, Texas, and distributes seed throughout the United States, Argentina and Austria. For more information on the NSP Industry Partner Program, contact NSP Development Director Shelley Heinrich at 806-749-3478 or visit SorghumGrowers.com.

Export Report

Sorghum exports fluctuated this week due to tight inventory remaining from the previous year’s crop with China, Japan, and Mexico committing to purchase 2 million bushels. This brings the total commitments for the year to 169 million bushels or 78 percent of the USDA export target. Exports are still ahead of the 5 year average pace and very similar to last year’s pace. Deliveries remained strong with shipments to China, Japan, and Mexico totaling 3.02 million bushels. Prices on the Gulf Coast were stable for July delivery at 113 percent of corn prices or $4.63. Cash price bids in the interior remained steady.

Crop Update

Producers had planted 55 percent of this year’s sorghum by week’s end, slightly behind last year and 5 percentage points behind the 5-year average. In Kansas, producers maximized the 5 days suitable for fieldwork to plant an additional 14 percent of their crop during the week, bringing the overall total to 25 percent.

Sorghum in the Spotlight:

Spotlight on Ag: Sorghum is the smart choice – KCBD
Idaho county commissioners to hear sorghum, biogas project – The Washington Times
County Commissioners to hear appeal for sorghum plant Monday – Idaho Press-Tribune
Sorghum berry breakfast bowl – Men’s Fitness
Sending Sorghum South: USGC Organizes Sorghum Mission To Mexico – U.S. Grains Council

Upcoming Sorghum Events

June 9                McLennan County Row Crop Tour, Waco, Texas
June 16              McLennan County Row Crop Tour-Westside, Crawford, Texas
June 19-30         China Trade Team to Texas and Kansas

For a full view of calendar events, visit the NSP website calendar.

Market News – To view this week’s Gulf export grain report, click here.

Sign Up to Receive the Sorghum Checkoff e-Newsletter
Sorghum producers can also receive monthly e-newsletters from the United Sorghum Checkoff Program. To receive monthly news and information regarding the Sorghum Checkoff’s efforts in sorghum research, education and market development, sign up here. You can also follow the Sorghum Checkoff on Twitter @SorghumCheckoff.

 About Sorghum Notes
Sorghum Notes is a publication of the National Sorghum Producers. NSP represents U.S. sorghum producers and serves as the voice of the sorghum industry from coast to coast through education and legislative and regulatory representation. 

Quote of the Week

“The greatest leader is not necessarily the one who does the greatest things. He is the one who gets the people to do the greatest things.”
– Ronald Reagan