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#commodity market#commodity price forecasting#commodity futures prices#live commodity prices#Artificial intelligence#oil price forecast#wheat price#steel prices#palm oil price#sugar price#coffee price#ai techniques#oil forecast#soybean price today#commodity prices
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Sarso Mandi Bhav 6 December 2024 : सरसों के भाव में भारी उछाल; देखिये आज के ताज़ा सरसों मंडी भाव 6 दिसम्बर 2024
Sarso Mandi Bhav 6 December 2024 : नमस्कार किसान साथियों! आज के इस लेख में हम चर्चा करेंगे कि 6 दिसंबर 2024 को सरसों के ताजा बाजार भाव क्या रहे और मंडी में किस तरह की तेजी और मंदी देखने को मिली। साथ ही, सरसों तेल और खल के भाव में भी इज़ाफा हुआ है। चलिए जानते हैं कि आज के ताजे मंडी भाव और अन्य महत्वपूर्ण जानकारी के बारे में। ये भी पढ़ें: Aaj ka Mandi Bhav 6 December 2024 : हरियाणा और राजस्थान की…
#Aaj ka Mandi Bhav 6 December 2024#Chana Market Prices#Garlic Prices Kota Mandi#Haryana Mandi Rate#Kota Mandi Bhav 7 December 2024#Kota Mandi Price Update#Mandi Bhav Sarso and Khal#Mandi Price Today Mustard Oil and Seed#Mandi Rates Today#Mustard Oil and Khal Prices December#Mustard Price Update December 2024#Mustard Seed Market Rate December#Rajasthan Mandi Bhav#Sarso Ke Bhav December 2024#Sarso Mandi Bhav 6 December 2024#Sarso Oil Price Today#Soybean Rates Kota Mandi#Srimadhopur Mandi Report#Today Mandi Bhav#Wheat Rates Kota Mandi#नरमा मंडी भाव 2024#सरसों का भाव आज
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Soybean Price: सोयाबीन भाव में 50 रुपये की तेजी, देखें आज 31 मई 2024 का ताजा रेट
Soybean Price 31 May 2024 – सोयाबीन भाव में आज मामूली बदलाव आया, लातूर मंडी में आज 50 रुपये की तेज़ी जबकि अकोला मंडी में 70 रुपये की गिरावट आई। देश की विभिन्न मंडियों में वर्तमान बाजार दरों के अनुसार आज का सोयाबीन का ताजा भाव और आवक की ताजा जानकारी यहाँ प्रकाशित की गई है । सोयाबीन का मंडी भाव अपडेट 31-05-2024 Aaj Ka Soyabean Ka Bhav: दिनांक 31 मई 2024 दिन शुक्रवार को सोयाबीन के भाव की लेटेस्ट…
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"Tomorrow Chung Myung will turn 50 years old. That's half a century! So I planned in advance, today I treated him with half a banket. That's half a pork, half a duck and half of a jug of wine. He just half laughed and said
'I guess I should wait five years to get the other half on your 50th birthday'
'so I have to pay for my own banquet?'
He laughed!
'half-paying— but don't worry, you'll only get half-beaten'
Rude, you'll still punch me in my birthday? Great.
I told him that I hope I don't turn 100, though.
He gave me a whole beat up anyway.
We'll aside from my poor attempt to make him laugh. But that was just half the morning.
Next thing I made for him was the treasure hunt across Huayin. All planned. I couldn’t just hand over all his gifts so easily. No, no, that wouldn’t do for someone as sharp as Chung Myung. So I devised the Plum Blossom Trail, but here’s the catch—I planted a few traps along the way, and if Chung Myung took a wrong turn, well… let’s just say he’d meet a most unfortunate end at the hands of a clever “murderer” (me).
The clues were embroidered on silk ribbons, but some contain the wrong clues.
The death ribbon is the white one. His punishment? Bam! Getting ambushed with stink cloud bombs. Dozens of them. He couldn't run away. I handed out a trap for every gift.
He fell for one! Fermented soybeans! I told him he was only half dead, so he could have received the correct clue.
I gave him a bottle of aged wine, which I labeled as ‘half the price but double the quality’.
A basket of steamed buns, the ones he loves so much, with a note saying ‘Only half as good without you’.
And last but not least, a chest filled of coins 'Here's half of what you're owed for all the times you've saved my life. The other half? Well, you'll have to stick around a few more decades to earn it, Myung-Myung~'
He punched me, but he smiled. They let me stay overnight with them at Mount Hua. It's nice to have dinner with all the disciples.
It's almost midnight now, I'm waiting for his actual birthday.
Happy 50th birthday, Myung-Myung.
#tang bo's diaries#Red diary#tang bo#Chung Myung#tangchung#fanfic#rotbb#rotmhs#///#Well I had too!#Hope is a good entry
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Today in trees voting for the axe
47-elect campaigned on closing government departments including the Department of Agriculture.
Small farmers slitting their own throats
What didn’t they like when the Biden-Harris Administration answered small farmers’ prayers?
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Pat Byrnes
* * * *
LETTERS FROM AN AMERICAN
October 20, 2024
Heather Cox Richardson
Oct 21, 2024
I had hoped to write tonight about the farm bill, which Eric Hovde, running for the Senate from Wisconsin although it’s not clear he lives there, could not talk about in the debate between him and incumbent senator Tammy Baldwin on Friday. “I’m not an expert on the farm bill because I'm not in the U.S. Senate at this point in time,” Hovde said. “So I can’t opine specifically on all aspects of the farm bill.”
The farm bill is one of our most important pieces of legislation. It establishes the main agricultural and food policies of the government, covering price supports for farm products, especially corn, soybeans, wheat, cotton, rice, peanuts, dairy, and sugar; crop insurance; conservation programs; and nutritional programs for 41 million low-income Americans, including the Supplemental Nutrition Assistance Program (SNAP) formerly known as food stamps. It must pass every five years but has been held up by Republican extremists in the House and is now in limbo. One would think that anyone running for Senate should know it pretty well, especially in Wisconsin, where in 2022 farms produced $16.7 billion in agricultural products.
Perhaps this is why the Wisconsin Farm Bureau Federation has endorsed Baldwin, the first Democrat in nearly twenty years to receive their support.
But I cannot take tonight to explain the really quite interesting history of the farm bill (and why it contains our nutrition programs) because the real story of today is that the Republican candidate for president is not mentally able to handle the job of the presidency, and Republican leaders are trying to cover up that reality.
These two stories are related.
That same quest for power that appears to be driving Hovde to seek a Senate seat without knowing anything about a bill that is hugely important to the people he would be representing appears to be preventing Republican leaders from admitting that their 78-year-old candidate has lost the mental capacity necessary for managing the most powerful nation in the world, including its vast stockpiles of nuclear weapons.
The United States has guardrails to prevent an incapacitated president from exercising power.
The question of what to do when a president was unable to do his job was not really a major question until the post–World War II years. While presidents before then had been weakened—notably, Woodrow Wilson had had a stroke—medical care was poor enough that those presidents who sustained life-threatening injuries tended to die from them fairly quickly. At the same time, the difficulties of the travel necessary for a national political career made politics a young man’s game, so there really weren’t rumblings of mental incapacity from age.
But Republican president Dwight Eisenhower had seen the grave damage military leaders could do when they were incapacitated and unaware of their inability to evaluate situations accurately, and knew that the commander-in-chief must have a system in place to be replaced if he were unable to fulfill the mental requirements of his position.
Eisenhower took office in 1953, and two years later, he suffered a heart attack. Vice President Richard Nixon and members of the Cabinet agreed to a working plan to conduct business while the president recovered, but presidential assistant Sherman Adams noted that the crisis left everyone “uncomfortably aware of the Constitution's failure to provide for the direction of the government by an acting President when the President is temporarily disabled and unable to perform his functions.”
When Eisenhower went on to need an abdominal operation and then to have a minor stroke, concerns mounted. As Congress discussed a solution, Eisenhower took matters into his own hands. He drafted an informal agreement that he presented to Nixon. If the president became temporarily unable to do the duties of the office, the document gave to the vice president the power of “Acting President.”
The need to figure out what would happen if modern medicine could keep alive an incapacitated president became apparent after the assassination of President John F. Kennedy in 1963. Not only did the question of a president’s incapacity have to be addressed; so did the problem of succession. Vice President Lyndon Baines Johnson was falsely rumored to have had a heart attack, and both the speaker of the House and the president pro tempore of the Senate were old and doubted that they could adequately fulfill the duties of the presidency themselves.
Congress’s solution was the Twenty-fifth Amendment to the Constitution, providing a system by which either the president or, if they were unable to realize their incapacity, members of the executive branch would transfer the powers of the president to the vice president. Eisenhower enthusiastically backed the idea that the nation should have coverage for a disabled president.
To anyone paying attention, it is clear that Trump is not in any shape to manage the government of the United States of America. He is canceling interviews and botching the ones he does sit for, while falling asleep at events where he is not actually speaking. He lies incessantly even when hosts point out that his claims have been debunked, and cannot answer a question or follow a train of thought. And his comments of the weekend—calling the vice president a “sh*t vice president,” telling a woman to get “your fat husband off the couch” to vote for him, and musing about a famous golfer’s penis—indicate that he has no mental guardrails left.
Today, in what apparently was designed to show Trump as relatable and to compete with the story that Vice President Harris worked at a McDonalds when she was in college, Trump did a photo op at a McDonalds in the swing state of Pennsylvania, where he took prepared fries out of the fryolator. It was an odd moment, for Trump has never portrayed himself as a man of the people so much as a man to lead the people, and the picture of him in a McDonald’s apron undercuts his image as a dominant leader.
But in any case, it was all staged: the restaurant was closed, the five “customers” were loyalists who had practiced their roles, and when Trump handed food through the drive-through window, he did not take money or make change.
"Now I have worked at McDonald's," he said afterward. "I've now worked for 15 minutes more than Kamala."
The fact that someone on Trump’s campaign leaked to Politico that he is “exhausted” is almost certainly a sign that people down the ranks are deeply concerned about his ability to finish the campaign, let alone run the country. But party leaders continue to stand behind him, raising echoes of their staunch support during Trump’s two impeachment trials.
In 2019 the House of Representatives impeached Trump for his attempt to coerce Ukraine’s president Volodymyr Zelensky and pervert the security of the United States to steal an election. The evidence was so overwhelming that Senator Ted Cruz (R-TX) noted: “Out of one hundred senators, you have zero who believe you that there was no quid pro quo. None. There’s not a single one.” But Republican senators—except Mitt Romney (R-UT), who voted to convict on one count—nonetheless acquitted Trump. “This is not about this president. It’s not about anything he’s been accused of doing,” Senate majority leader Mitch McConnell (R-KY) told his colleagues. “It has always been about November 3, 2020. It’s about flipping the Senate.”
Trump’s second impeachment by the House in January 2021 for incitement of insurrection ended similarly. In the Senate, McConnell refused to change the schedule to enable the Senate to vote before a new president was inaugurated, thus giving himself, as well as other Republican senators, an out to vote against conviction on the grounds that Trump was no longer the president. Seven Republican senators joined the Democrats to convict, but forty-three continued to back Trump. In a speech after the vote, McConnell said he believed Trump was responsible for the January 6, 2021, attempt to overturn the results of the 2020 presidential election but that he would have to answer for that behavior in court.
But nearly four years later, Trump has not had to answer in court because the Supreme Court, stacked with his appointees thanks to Republican senators, has said that he cannot be prosecuted for crimes committed as part of his official duties. While the courts sort out what counts as official duties, he is, once again, the Republican nominee for president. Leaders are standing behind him despite the fact he is demonstrating deeply concerning behavior.
When President Joe Biden decided not to accept the Democratic presidential nomination after his poor performance in his June debate with Trump, Republicans demanded that Vice President Harris and the Cabinet invoke the Twenty-fifth Amendment, despite the fact that Biden’s job performance continued to be exemplary. We learned later that during the time of the debate, he was negotiating a historic prisoner swap involving multiple countries to free twenty-four prisoners, including Americans Evan Gershkovich and Paul Whelan.
Nonetheless, that one poor debate performance was enough for Republicans to condemn Biden’s ability to govern the nation. Senator Eric Schmitt (R-MO) told the Fox News Channel that “Joe Biden has decided he isn’t capable of being a candidate; in so doing his admission also means he cannot serve as President.”
But Trump has been lying that immigrants are eating pets; calling voters fat pigs; basing his economic policy on a backward idea of how tariffs work; calling for prosecuting his enemies and making the civil service, military, and judiciary loyal to him; and praising a famous golfer’s “manhood”—hardly indications of a man able to take on the presidency of the United States.
And yet with regard to his mental acuity, Republican leaders offer only crickets.
LETTERS FROM AN AMERICAN
HEATHER COX RICHARDSON
#Pat Byrnes#Letters From An American#Heather Cox Richardson#Farm Bill#Election 2024#unfit#American history#25th Amendment#MAGA lies
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October 20, 2024
HEATHER COX RICHARDSON
OCT 21
I had hoped to write tonight about the farm bill, which Eric Hovde, running for the Senate from Wisconsin although it’s not clear he lives there, could not talk about in the debate between him and incumbent senator Tammy Baldwin on Friday. “I’m not an expert on the farm bill because I'm not in the U.S. Senate at this point in time,” Hovde said. “So I can’t opine specifically on all aspects of the farm bill.”
The farm bill is one of our most important pieces of legislation. It establishes the main agricultural and food policies of the government, covering price supports for farm products, especially corn, soybeans, wheat, cotton, rice, peanuts, dairy, and sugar; crop insurance; conservation programs; and nutritional programs for 41 million low-income Americans, including the Supplemental Nutrition Assistance Program (SNAP) formerly known as food stamps. It must pass every five years but has been held up by Republican extremists in the House and is now in limbo. One would think that anyone running for Senate should know it pretty well, especially in Wisconsin, where in 2022 farms produced $16.7 billion in agricultural products.
Perhaps this is why the Wisconsin Farm Bureau Federation has endorsed Baldwin, the first Democrat in nearly twenty years to receive their support.
But I cannot take tonight to explain the really quite interesting history of the farm bill (and why it contains our nutrition programs) because the real story of today is that the Republican candidate for president is not mentally able to handle the job of the presidency, and Republican leaders are trying to cover up that reality.
These two stories are related.
That same quest for power that appears to be driving Hovde to seek a Senate seat without knowing anything about a bill that is hugely important to the people he would be representing appears to be preventing Republican leaders from admitting that their 78-year-old candidate has lost the mental capacity necessary for managing the most powerful nation in the world, including its vast stockpiles of nuclear weapons.
The United States has guardrails to prevent an incapacitated president from exercising power.
The question of what to do when a president was unable to do his job was not really a major question until the post–World War II years. While presidents before then had been weakened—notably, Woodrow Wilson had had a stroke—medical care was poor enough that those presidents who sustained life-threatening injuries tended to die from them fairly quickly. At the same time, the difficulties of the travel necessary for a national political career made politics a young man’s game, so there really weren’t rumblings of mental incapacity from age.
But Republican president Dwight Eisenhower had seen the grave damage military leaders could do when they were incapacitated and unaware of their inability to evaluate situations accurately, and knew that the commander-in-chief must have a system in place to be replaced if he were unable to fulfill the mental requirements of his position.
Eisenhower took office in 1953, and two years later, he suffered a heart attack. Vice President Richard Nixon and members of the Cabinet agreed to a working plan to conduct business while the president recovered, but presidential assistant Sherman Adams noted that the crisis left everyone “uncomfortably aware of the Constitution's failure to provide for the direction of the government by an acting President when the President is temporarily disabled and unable to perform his functions.”
When Eisenhower went on to need an abdominal operation and then to have a minor stroke, concerns mounted. As Congress discussed a solution, Eisenhower took matters into his own hands. He drafted an informal agreement that he presented to Nixon. If the president became temporarily unable to do the duties of the office, the document gave to the vice president the power of “Acting President.”
The need to figure out what would happen if modern medicine could keep alive an incapacitated president became apparent after the assassination of President John F. Kennedy in 1963. Not only did the question of a president’s incapacity have to be addressed; so did the problem of succession. Vice President Lyndon Baines Johnson was falsely rumored to have had a heart attack, and both the speaker of the House and the president pro tempore of the Senate were old and doubted that they could adequately fulfill the duties of the presidency themselves.
Congress’s solution was the Twenty-fifth Amendment to the Constitution, providing a system by which either the president or, if they were unable to realize their incapacity, members of the executive branch would transfer the powers of the president to the vice president. Eisenhower enthusiastically backed the idea that the nation should have coverage for a disabled president.
To anyone paying attention, it is clear that Trump is not in any shape to manage the government of the United States of America. He is canceling interviews and botching the ones he does sit for, while falling asleep at events where he is not actually speaking. He lies incessantly even when hosts point out that his claims have been debunked, and cannot answer a question or follow a train of thought. And his comments of the weekend—calling the vice president a “sh*t vice president,” telling a woman to get “your fat husband off the couch” to vote for him, and musing about a famous golfer’s penis—indicate that he has no mental guardrails left.
Today, in what apparently was designed to show Trump as relatable and to compete with the story that Vice President Harris worked at a McDonalds when she was in college, Trump did a photo op at a McDonalds in the swing state of Pennsylvania, where he took prepared fries out of the fryolator. It was an odd moment, for Trump has never portrayed himself as a man of the people so much as a man to lead the people, and the picture of him in a McDonald’s apron undercuts his image as a dominant leader.
But in any case, it was all staged: the restaurant was closed, the five “customers” were loyalists who had practiced their roles, and when Trump handed food through the drive-through window, he did not take money or make change.
"Now I have worked at McDonald's," he said afterward. "I've now worked for 15 minutes more than Kamala."
The fact that someone on Trump’s campaign leaked to Politico that he is “exhausted” is almost certainly a sign that people down the ranks are deeply concerned about his ability to finish the campaign, let alone run the country. But party leaders continue to stand behind him, raising echoes of their staunch support during Trump’s two impeachment trials.
In 2019 the House of Representatives impeached Trump for his attempt to coerce Ukraine’s president Volodymyr Zelensky and pervert the security of the United States to steal an election. The evidence was so overwhelming that Senator Ted Cruz (R-TX) noted: “Out of one hundred senators, you have zero who believe you that there was no quid pro quo. None. There’s not a single one.” But Republican senators—except Mitt Romney (R-UT), who voted to convict on one count—nonetheless acquitted Trump. “This is not about this president. It’s not about anything he’s been accused of doing,” Senate majority leader Mitch McConnell (R-KY) told his colleagues. “It has always been about November 3, 2020. It’s about flipping the Senate.”
Trump’s second impeachment by the House in January 2021 for incitement of insurrection ended similarly. In the Senate, McConnell refused to change the schedule to enable the Senate to vote before a new president was inaugurated, thus giving himself, as well as other Republican senators, an out to vote against conviction on the grounds that Trump was no longer the president. Seven Republican senators joined the Democrats to convict, but forty-three continued to back Trump. In a speech after the vote, McConnell said he believed Trump was responsible for the January 6, 2021, attempt to overturn the results of the 2020 presidential election but that he would have to answer for that behavior in court.
But nearly four years later, Trump has not had to answer in court because the Supreme Court, stacked with his appointees thanks to Republican senators, has said that he cannot be prosecuted for crimes committed as part of his official duties. While the courts sort out what counts as official duties, he is, once again, the Republican nominee for president. Leaders are standing behind him despite the fact he is demonstrating deeply concerning behavior.
When President Joe Biden decided not to accept the Democratic presidential nomination after his poor performance in his June debate with Trump, Republicans demanded that Vice President Harris and the Cabinet invoke the Twenty-fifth Amendment, despite the fact that Biden’s job performance continued to be exemplary. We learned later that during the time of the debate, he was negotiating a historic prisoner swap involving multiple countries to free twenty-four prisoners, including Americans Evan Gershkovich and Paul Whelan.
Nonetheless, that one poor debate performance was enough for Republicans to condemn Biden’s ability to govern the nation. Senator Eric Schmitt (R-MO) told the Fox News Channel that “Joe Biden has decided he isn’t capable of being a candidate; in so doing his admission also means he cannot serve as President.”
But Trump has been lying that immigrants are eating pets; calling voters fat pigs; basing his economic policy on a backward idea of how tariffs work; calling for prosecuting his enemies and making the civil service, military, and judiciary loyal to him; and praising a famous golfer’s “manhood”—hardly indications of a man able to take on the presidency of the United States.
And yet with regard to his mental acuity, Republican leaders offer only crickets.
—
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Excerpt from this story from the New York Times:
Agriculture Secretary Tom Vilsack has a line about the state of small-scale agriculture in America these days.
It’s drawn from the National Agricultural Statistics Service, which shows that as the average size of farms has risen, the nation had lost 544,000 of them since 1981.
“That’s every farm today that exists in North Dakota and South Dakota, added to those in Wisconsin and Minnesota, added to those in Nebraska and Colorado, added to those in Oklahoma and Missouri,” Mr. Vilsack told a conference in Washington this spring. “Are we as a country OK with it?”
Even though the United States continues to produce more food on fewer acres, Mr. Vilsack worries that the loss of small farmers has weakened rural economies, and he wants to stop the bleeding. Unlike his last turn in the same job, under former President Barack Obama, this time his department is able to spend billions of dollars in subsidies and incentives passed under three major laws since 2021 — including the biggest investment in conservation programs in U.S. history.
The plan in a nutshell: Multiply and improve revenue streams to bolster farm balance sheets. Rather than just selling crops and livestock, farms of the future could also sell carbon credits, waste products and renewable energy.
“Instead of the farm getting one check, they potentially could get four checks,” Mr. Vilsack said in an interview. He is also helping schools, hospitals and other institutions to buy food grown locally, and investors to build meatpacking plants and other processing facilities to free farmers from powerful middlemen.
But it’s far from clear whether new policies and a cash infusion will be enough to counteract the forces that have pushed farmers off the land for decades — especially since much of the money is aimed at reducing carbon emissions, and so will also go toward large farming operations because they are the biggest polluters.
The number of farms has been declining since the 1930s, in large part because of migration from rural areas to cities and greater mechanization of agriculture, which allowed operators to cultivate larger tracts with fewer people. Over time, the federal government abandoned a policy of managing production to support prices, prompting growers to become more export-oriented while local distribution networks atrophied.
The last half-decade has been more disruptive than most. First came a trade war against China under former President Donald J. Trump, which drew retaliatory tariffs that cut into U.S. exports of farm products like soybeans and pork. Then came the pandemic, which scrambled supply chains and sapped farm labor, leaving crops to rot in the fields.
After Congress cushioned the blow with relief for farmers hurt by pandemic disruptions, things started to turn around. Even as the cost of supplies like fertilizer and seed rose, so did food prices, and farm incomes increased. In 2023, default rates on farm loans neared record lows.
“Farm balance sheets are the healthiest they’ve ever been in the aggregate,” said Brad Nordholm, the chief executive of Farmer Mac, a large secondary market for agricultural credit. “The tools available to American farmers to have a more predictable return, even when commodity prices change and input prices change, is greater than it’s ever been before.”
But wholesale crop prices are expected to decline over the coming year. Rising interest rates have made it more difficult to finance planting and harvesting, borrow for an expansion or just get into agriculture — especially since land values jumped 29 percent from 2020 to 2023.
That’s especially true for the smallest farmers, who are far less likely to be tapped into Department of Agriculture assistance programs and are more vulnerable to adverse weather, labor shortages and consumer whims.
“I think in some ways they’re in a worse position than before the pandemic,” said Benneth Phelps, executive director of the nonprofit Carrot Project, which advises small farmers in New England. “We see a lot of farmers making hard decisions right now about whether to stay in or get out, because they’ve run out of steam.”
That’s where the American Rescue Plan, the Inflation Reduction Act and the Bipartisan Infrastructure Law come in.
The laws have collectively provided about $60 billion to the Agriculture Department, which has parceled it out across a variety of priorities, from relieving farmers’ debt to paying them to reduce their carbon emissions.
The biggest chunk — about $19.5 billion — has breathed new life into subsidies to encourage conservation practices that improve the land, like cutting back on plowing and planting cover crops to sequester carbon in the soil. Some of the programs had shrunk in successive Farm Bills, which are five-year legislative packages that covers most agricultural subsidies, and about two-thirds of farmers who applied each year got nothing.
The new funding has added 16,000 recipients over the past two years. Preliminary data shows the expansion is allowing smaller farms to take part.
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The Steaks Are High
I remember all too well that time in the early-1970s when there was a spike in the price of beef. My Dad the Accountant was also the primary shopper in the family, and he knew the price of every grocery product in Chicagoland. Well, it seemed like he did, because back when gas was cheap, it was actually prudent to cherry-pick a few items here, a few more there, and so forth. In the end, the cupboards and refrigerator were filled.
But the price of beef scared him into a new reality, because he could not find anyone with what he saw as a competitive price. Instead, he had read about some newfangled soybean burgers that were packed in protein, cost less than beef, and were quite possibly the future of dining.
He bought some, and I can still recall the taste of cardboard. They were horrible, not even close to the real deal. It was also the first time I had ever knowingly encountered soybeans as food, which was ironic because our house sat right at the edge of a soybean farm on the far southern reaches of Chicagoland. I had no clue what they used them for.
Skip forward to the 1990s, and food science had done a complete makeover on what we now know as veggie burgers (thank you, marketing!). They actually tasted pretty good, and when dressed properly, were a reasonable substitute. If you were vegan, vegetarian, an ethical consumer, or just wanting to try something different, they were legit.
More recently, Beyond and Impossible have introduced the best versions of meat substitutes yet. They are truly lab foods, and are now reaching ubiquity in supermarkets and restaurants. The mouth feel, the redness, even the juices spilling forth, are the closest approximations yet of a beef burger on the grill. They are so close that the cattle industry is rightfully a little nervous, and in some states, their lobbying groups have pushed for legislation regulating basic food terms, such as “meat,” “beef,” and others. Gotta keep those consumers from becoming confused, you know.
Lab foods require over-the-top marketing, though. It’s one thing to buy a garment made from a different fabric, or any number of other consumables. But when it comes to the things we put in our mouth, you better be careful. I recall my ultra cycling years, primarily the 1980s and 1990s, but a little into this century. If you wanted to be competitive, you had to consume sports nutrition on the fly. This meant no burgers and burritos, because they can do a stomach bad when racing. Food scientists, though, came through and brought us innovative products like Ultra Energy, which they touted as being “pre-digested.”
Now if there is any word or phrase that can turn a stomach, it is “pre-digested.” It just sounds bad. Never mind it simply meant the powdered concoction, once reconstituted with water, would be absorbed quickly within the body, allowing for a continuous source of energy. Drink one of these every hour (550 calories), and you’ll be able to go day and night.
It still sounded like yuck, and we all called it Ultra Eulogy. Where were the marketers when they needed it? The name was good, but the other print on the package was a death wish as far as branding goes. Today, manufacturers such as Hammer Nutrition have worked out the kinks as well as the taste, and they skip all the nasty verbiage and focus instead on the results.
Which brings me to the dinner table finally, and the talk last week about lab-grown meat is once again making headlines. It is coming soon, thanks to a new FDA ruling giving it the green light. It’s just that, once again, the food scientists have been doing all the business planning.
Even out here in West Texas, people are OK with some folks eating Beyond and Impossible. You can find them everywhere. But lab-grown meat? That might just be taking things too far. Cattle ranchers know that the vegans and vegetarians among us will likely always be just a small percentage of the population, and even the others who want to try one occasionally are a blip on the radar.
But these new “meats” will be aimed squarely at carnivores, meaning that all those ranchers and feedlot owners will be shaking in their boots far more than any veggie burger might make them uneasy.
The arguments in favor of lab meat are multiple. The meats, which are cultivated from animal cells, can be produced without ethical consideration of creatures crammed into small pens. The carbon footprint is much smaller, right down to the fact it takes six pounds of feed to produce one pound of beef at the feedlot. And let’s not forget the unpleasant smell, which some folks around here argue is the smell of money. It’s at that time I invoketh Shakespeare. “Cow poop by any other name would smell as pungent.” Or something like that.
In case you’re wondering, lab-grown meat is not a total panacea, because vegans and vegetarians still will not eat it, because animal cells. But will the other 95%? It’s going to take some serious marketing to take the lab out of the lab-grown meat so that people feel like they are eating something good, about as much of a challenge those soybean burger makers faced in the 70s.
Consumers don’t have to worry just yet about mistaking it at the supermarket—that time will come, though—but these new products will start appearing in restaurants. And you know what? You might not even know it. Heck, it took federal legislation a few years ago to force chains with 20 or more units to list calorie counts on menu items. Do you think a restaurant is going to put the word “lab” anywhere on the menu?
I think not.
And you thought that GMO foods was a big deal. I am betting that lab meat will elicit howls of disapproval across the country, especially in cattle-rich West Texas. It’s one thing to make the vegans and vegetarians happy, but it is quite another to let a bunch of scientists start whittling away at your livelihood, the one thing for which this part of Texas is best known.
Heck, they may as well just have a 72-ounce tofu challenge over at the Big Texan. That idea, while offered in jest, is about as under-cooked as the lab meat coming our way. At least for now.
Dr “I’ll Pass” Gerlich
Audio Blog
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Soybeans down as record Brazilian crop could capture Chinese sales
hicago soybean, wheat and corn fell on Thursday, with the stronger trend in the dollar hampering export prospects for U.S. supplies at a time of intensifying competition, especially from Brazilian soybeans and Russian wheat.
Chicago Board of Trade most-active soybeans Sv1 were down 0.1% to $15.23-3/3 a bushel at 1211 GMT. Wheat Wv1 fell 0.4% to $7.77 a bushel, corn Cv1 fell 0.1% to $6.75-1/4 a bushel.
Brazil’s soybean harvest this year could be a record of over 150 million tonnes.
“The stronger trend in the dollar is a factor weakening soybeans, wheat and corn today at a time of intensifying competition in export markets to U.S. supplies,” said Matt Ammermann, StoneX commodity risk manager.
“The weight of record large Brazilian soybean crop is beginning to be felt. The price spread between cash markets in the U.S. and Brazil means that cheaper Brazilian soybeans are expected to meet import demand from China and other world buyers in the near future.”
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Mandi Bhav Apps and their impact on farmer's income
Farming is an important activity that helps provide food and resources for everyone. Many farmers depend on mandi bhav to decide when and what to sell. Knowing the current market rates of various crops can have a significant impact on a farmer's income.
This article will take a look at some daily prices of important agricultural products.
Mandi Bhav Fluctuate a lot
Today, let's focus on Latur, a region famous for farming in India. Farmers there often grow crops like soyabean. The soyabean rate today Latur can vary greatly depending on the demand and supply in the market.
When rates are good, farmers are happy and can make better profits. However, they may face difficulties if rates go down. It is essential for farmers to check today's prices regularly so that they can sell at the right time.
Assam is famous for rubber production. Farmers in Assam plant rubber trees and wait for many years to harvest the rubber.
The rubber price in Assam today is crucial for those earning a living from this crop. Like other agricultural products, rubber prices can go up or down depending on various factors. Farmers need to be price-aware to make good choices about their crops.
Apart from soybean and rubber, other crops like garlic and ginger also play an important role in the agriculture sector. Garlic is a widely used ingredient in Indian cooking. Many farmers cultivate this crop in the hope of getting good prices in the market.
Knowing the lahsun ka bhav can help farmers decide when to sell their garlic. Price may change depending on weather, demand and other market conditions.
Ginger is another popular spice that many farmers grow. Ginger rate today is important for farmers who want to make a profit. Like soybean and garlic, the price of ginger can depend on various factors including demand in local and distant markets.
Importance of Knowing Mandi Bhav
Farmers should look at market trends to make the best decisions about growing and selling ginger. For farmers, access to accurate information is important. This is where digital tools and apps come in handy. The Suru app is an excellent resource for farmers and anyone involved in agriculture.
Apart from providing current mandi bhava or market prices for crops, it also shares weather forecasts and city-wise news updates, helping farmers make informed decisions.
Farming can be challenging, but having the right information can make it easier. Be it knowing soyabean rate today Latur, rubber price in Assam, garlic price, or ginger rate today, farmers can increase their profits by making smart choices.
Which Mandi Bhav App is the Best?
Access to current prices and data can empower them to sell their products at the best time, thereby improving their livelihoods.
It is important for every farmer to be aware of the latest mandi bhav. Apps like Suru can help by providing important information and making the farming process easier. By staying updated about prices, farmers can work towards better earnings. So, without any delay, Install Shuru app now!
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The Rise of ML-Based Forecasting: Implications and Opportunities for the Future
To increase corporate productivity, machine learning is utilised in business forecasting. Data and observations are utilised to start the learning process. examples, directions, or first-hand experience, for instance. They are offered so that the computer can analyse data patterns and come to better conclusions in the future.
Using the hundreds of metrics at your fingertips and taking each one into account for the particular prediction at hand allows you to prepare considerably more correctly than with manual approaches, which is one of the primary advantages of deep learning for business forecasting.
A machine learning-based system can be fed with as many business indicators and KPIs as you have access to. Whether your forecast is affected by 100 factors or 100,000, machine learning may find patterns and connections that a traditional (or human) system just cannot.
Not only can machine learning forecasting deliver the precision you need, but a turnkey system is also fully autonomous, continuously updating estimates as trends change to help you make better decisions.
How Should Machine Learning Be Used for Forecasting?
Whatever model is chosen, the overall acceptance of ML practices appears to be as follows:
Establish business goals and make advantage of any internal data that is accessible.
Get outside data by searching for market research reports, trends, GDPs, customer reviews, etc.
Sort, clean, & label the information (if needed)
Identify the set of problems that forecasting will be used to tackle.
To act as the initial benchmark, pick a baseline model (usually a basic extrapolation or a tree-based model).
Model performance can be improved by utilising more intricate ML models or altering the data.
Once comfortable findings have been attained, the model is used.
Business Applications using Machine Learning Forecast
Here are a few business applications for machine learning predictions-
1. Predicting financial data
Businesses endure disruption in their performance and operations without a financial projection, and C-level executives are more prone to make bad choices. Due to this, companies utilise ML forecasting, which emphasizes understanding the business drivers instead of handling tedious activities. While reducing the usage of unproductive tactics and human error, ML financial planning also assists with forecasting supply, demand, inventories, future revenues, expenditures, and cash flow.
For instance, those who are involved with the company want to know the firm's turnover and crucial elements for development during the forthcoming financial quarter to understand and appraise areas for improvement. We can develop a machine learning prediction models that use previous key business metrics for the organisation and current turnover data from prior periods using convolutional or regression models.
Seasonal data and other influencing factors will be used to predict the necessary metrics for the future. In this case, company owners can arrange the following period effectively.
2. Predicting the supply chain
The increasingly globalised and sophisticated supply chain management could be radically transformed by ML. Businesses may respond to problems and threats more quickly and avoid under and overstocking by using ML-based forecasting systems. Machine learning algorithms for forecasting can discover patterns in a training sample and then apply those patterns to fresh data. Consequently, machine learning enhances the processes of inventory management, transportation and distribution, anticipating supply chain risks, and supplier selection and segmentation.
Take the next illustration of supply chain forecasting using machine learning as an example. The chain of hypermarkets runs about 100 locations with an average of 50,000 SKUs per store. For such a big network, automated warehouse replenishment is necessary. There are two key benefits in this instance:
There's no reason to start stocking up on things that are difficult to sell.
Regularly purchased goods must be supplied on time.
Based on historical warehouse replenishment statistics and data demonstrating how quickly specific products sell, we can create an ML model for estimating the number of goods per SKU. Several time frames could be used to depict the prediction.
3. Forecast Commodity Prices
Price prediction algorithms establish the price at which a product should be sold to satisfy customer demand, and company expectations, and maximize sales. Machine learning, or artificial intelligence, is frequently used in commodity price predictions. With minimum human input, this approach helps with the automatic separation of data that is organized and unorganized and the development of models to forecast real-time commodities prices. Items that are typically indistinguishable from human sight can be made known, enabling manufacturers to plan ahead, dealers to make pricing predictions, and purchasers to plan more effective purchases.
Business owners frequently want to understand how future price changes for a certain product will affect their business. The beneficial effect could also be used by taking into account external data from other parties that affect prices, such as the rate of inflation, holidays, seasonal trends, etc.
Prices of different types of commodities can be forecasted like:
Sugar Prices
Cotton prices
Palm oil
Gold
Coffee
Natural Gas, etc.
4. Detecting fraud
Businesses should work more to build anti-fraud measures, according to the surge in worldwide digital fraud rates. ML algorithms can identify questionable financial transactions by learning from past data. They are currently employed successfully in a variety of industries, including e-commerce, finance, healthcare, and fintech.
A chain cafe owner could want to evaluate employee productivity, for instance. Finding hidden patterns that let employees cheat is one of the main goals. These and other frauds of this nature may cause monetary loss. To identify and report unusual behaviours, we can build a fraud prevention model using historical data. Managers can then carefully examine anomalies found and pinpoint the underlying reason for such data variances.
5. Predicting sales and demand
Demand changes are a complicated issue that impacts the entire e-commerce sector. To forecast consumer behavior and decide how many products to create or order, businesses, especially manufacturers, employ machine learning (ML) demand forecasting. With ML models, it is feasible to avoid having too much stock or running out of it. Such a forecasting strategy also makes it possible to understand the target market and the competition better.
Let's say a chain of restaurants wishes to predict demand in advance. The company will gain from it in several ways:
to get an idea of how many dishes the restaurant will sell so that the food supply can be prepared in advance
to understand and specify how many personnel are needed to deliver exceptional customer service
to plan a suitable and timely marketing effort
It will be advantageous to start by looking at historical data from earlier times to create demand prediction models and help firms achieve their goals. For instance, we can check Google reviews for both our restaurant chain and the main rivals to see which level of service clients enjoy or dislike.
Advantages of Predicting with Machine Learning
Businesses can better serve consumers and complete orders before running out of stock by using forecasting. As a result, there is a considerable influence on both sales and customer happiness. For example, knowing the demand enables you to control logistics, monitor production costs, and even project the investment return for a new device. As a consequence, ML prediction models give companies the ability to develop their AI more fully and, more significantly, to address business issues by looking at historical data.
1. The capacity to generate more accurate forecasts, Faster
Financial forecasting can be liberated from the time-consuming labour of data collection and reconciliation due to machine learning-enabled forecasting. The tools can be configured to automatically gather and reconcile big data sets. Moreover, machine learning methods can help uncover business drivers and drastically lower forecast mistakes.
Machine learning techniques are intended to acquire information over time and forecast which elements will have the biggest impacts on financial performance. Over time, the model becomes more accurate and produces projections more quickly.
2. Use of Additional Data
When employing spreadsheet-driven forecasting procedures, there are limits on the number of sources of data and how much data can be processed and ingested within forecasting models. The quantity and variety of data that may be utilized can be greatly improved by machine learning technologies since they can store more information and analyze it more rapidly than humans.
An organisation that sells consumer goods, for instance, can quickly access data from search engines or social media to determine when buyers are most likely to look for or post about its products. This type of information can help the forecaster gain a better knowledge of the revenue peaks and valleys.
3. Making Value-Added Activities Possible
Analysts are generally obliged to spend the majority of their time on existing prediction processes reconciling or compiling data, rather than working on value-added research and interfacing with the business.
Analysts can focus on understanding operational drivers, key business events, or macro- and microeconomic variables that could have an influence on the organisation instead of these tiresome activities by employing machine learning technology to provide at least a baseline estimate. These findings can then be applied to forecasting. Ultimately, by utilizing machine learning, financial analysts may enhance decision-making and collaborate more with the company's management.
Conclusion
Forecasting in business combines art and science. It blends business intelligence with data science. Business forecasting issues are frequently a result of poor judgement and inexperience. If assumptions are paired with unexpected events, predictions may be incorrect. Machine learning and artificial intelligence will ensure that you avoid making these errors. Machine learning is an effective tool in today's quick-paced culture.
By using algorithms for machine learning and persevering through setbacks, businesses can make the shift to improved performances, sales, and outstanding profit margins. PriceVision is one such tool that paves your path towards easy forecasting of the prices of commodities like metal, forex, energy and agricultural commodities.
#commodity market#commodity price forecasting#commodity futures prices#live commodity prices#Artificial intelligence#oil price forecast#wheat price#steel prices#palm oil price#sugar price#coffee price#ai techniques#oil forecast#soybean price today#commodity prices
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Kota Mandi Bhav 6 December 2024 : कोटा मंडी भाव 6 दिसंबर 2024 की ताजा रिपोर्ट – गेहूं, सोयाबीन, चना और अन्य फसलों के भाव में उतार-चढ़ाव
Kota Mandi Bhav 6 December 2024 : कोटा मंडी में 7 दिसंबर 2024 को ताजे भावों की रिपोर्ट में विभिन्न फसलों की आवक स्थिर रही, जबकि कुछ प्रमुख उत्पादों के भाव में गिरावट देखने को मिली। मंडी में कुल 150,000 कट्टे की आवक हुई, जिसमें सोयाबीन, धान, और चना की कीमतों में 50 रुपए तक की कमी आई। वहीं, लहसुन का भाव 7000 से लेकर 29000 रुपए प्रति क्विंटल तक बना रहा। लहसुन की आवक 5000 कट्टे की हुई। किराना बाजार…
#Aaj ka Mandi Bhav 6 December 2024#Chana Market Prices#Garlic Prices Kota Mandi#Haryana Mandi Rate#Kota Mandi Bhav 6 December 2024#Kota Mandi Bhav 7 December 2024#Kota Mandi Price Update#Mandi Rates Today#Rajasthan Mandi Bhav#Soybean Rates Kota Mandi#Srimadhopur Mandi Report#Today Mandi Bhav#Wheat Rates Kota Mandi#नरमा मंडी भाव 2024#सरसों का भाव आज
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Tariffs 101:
On Tuesday the 21st of January President Trump declared his intention to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, “a decision that is sure to escalate trade tensions between the world’s largest economies.”
Mr. Trump’s pledge to hit China, Canada and Mexico with tariffs is expected to result in retaliatory action against U.S. industries. Economists have warned that a global trade war could cause inflation to rebound and blunt U.S. economic growth.
What is a tariff? A tariff is a tax on products we import from other countries. As part of trade policies countries use tariffs to help regulate the foreign products that come into a country especially if they want to boost their own national production. As NPR explains in the link above importing American companies will pay the tariffs tax for importing items but they often share that cost with consumers by raising the price of products.
Tariffs are very much a central part of Trump’s economic and foreign policy program. There is the thought that through the use of tariffs Trump can mitigate our consumption of foreign products and redirect our consumption to American products while using subsidies to boost our own production and build up our manufacturing capabilities. The Foreign Affairs article below further qualifies the use of tariffs.
Like most industrial and trade policies, tariffs operate by transferring income from one part of the economy to another, in this case from net importers to net exporters. They do this by raising the price of imported goods, which benefits the domestic producers of those goods. Because household consumers are net importers, tariffs are effectively a tax on consumers. But by raising the price of manufacturing and other tradable goods, tariffs also act as a subsidy for domestic producers.
Of course the question is, do tariffs work? Both Darian Woods from NPR and Michael Pettit from Foreign Affairs suggest that it depends on many factors, the NPR contributors express caution while Foreign Affairs suggests that it might offer some benefits that we should consider. Both of their analysis raises the 1930’s Smoot-Hawley Act as a cautionary tale for how to utilize tariffs (or not). Smoot-Hawley was implemented at the start of the Great Depression with the intention of boosting domestic production and limiting foreign import. But what was not taken into consideration were two factors: first, we did not have a huge consumer economy with the depression in full swing; second, the act unintentional started a global trade war that exacerbated a global depression and killed any hopes of selling our products abroad.
The NPR community remains cautious on how tariffs today may still raise unintended consequences that could impact the American economy in a negative way. As Darian Woods tells us:
There is a consensus among economist that Tariffs raise prices. We can look back at previous tariffs under President Trump to see those effects. Washing machine prices spiked and they went back down again after the tariffs expired. Researchers at the Peterson Institute for International Economics estimate that Trump’s tariffs proposals will cost a typical American household at least $2600 extra a year, possibly more… Now it’s worth pointing out that the Tariffs provide the government with revenue so the government can use this tariff money to invest in other things or cut taxes elsewhere; though, what happened last time was that China and the E.U. hiked their tariffs on things like U.S. soybeans and Harley Davidson motorcycles and then the U.S. government ended up spending a similar amount of money on compensating effected industries.
On the other hand, Michael Pettit from Foreign Affairs suggests that applying a smart tariff regime across the board may support our American economy. Tariffs could be used to limit our own reliance on a global consumer culture and may promote our own economic means of production that responds to our own needs.
Thanks to its relatively open trade account and even more open capital account, the American economy more or less automatically absorbs excess production from trade partners who have implemented beggar-my-neighbor policies. It is the global consumer of last resort. The purpose of tariffs for the United States should be to cancel this role, so that American producers would no longer have to adjust their production according to the needs of foreign producers. For that reason, such tariffs should be simple, transparent, and widely applied (perhaps excluding trade partners that commit to balancing trade domestically). The aim would not be to protect specific manufacturing sectors or national champions but to counter the United States’ pro-consumption and antiproduction orientation. The goal of American tariffs, in other words, should be to eliminate the United States’ automatic accommodation of global trade imbalances.
All this to say that tariffs by themselves will not be a panacea for boosting the American economy. But, with an overall strategic policy in place that is cautious with our global trade partners tariffs may have a constructive role to play. The strategy should avoid a trade war and instead maintain a good dialogical relationship with our trading allies and utilize tariff policies that both supports our own domestic economic agenda while maintaining our global trade relations.
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Toward sustainable decarbonization of aviation in Latin America
New Post has been published on https://sunalei.org/news/toward-sustainable-decarbonization-of-aviation-in-latin-america/
Toward sustainable decarbonization of aviation in Latin America
According to the International Energy Agency, aviation accounts for about 2 percent of global carbon dioxide emissions, and aviation emissions are expected to double by mid-century as demand for domestic and international air travel rises. To sharply reduce emissions in alignment with the Paris Agreement’s long-term goal to keep global warming below 1.5 degrees Celsius, the International Air Transport Association (IATA) has set a goal to achieve net-zero carbon emissions by 2050. Which raises the question: Are there technologically feasible and economically viable strategies to reach that goal within the next 25 years?
To begin to address that question, a team of researchers at the MIT Center for Sustainability Science and Strategy (CS3) and the MIT Laboratory for Aviation and the Environment has spent the past year analyzing aviation decarbonization options in Latin America, where air travel is expected to more than triple by 2050 and thereby double today’s aviation-related emissions in the region.
Chief among those options is the development and deployment of sustainable aviation fuel. Currently produced from low- and zero-carbon sources (feedstock) including municipal waste and non-food crops, and requiring practically no alteration of aircraft systems or refueling infrastructure, sustainable aviation fuel (SAF) has the potential to perform just as well as petroleum-based jet fuel with as low as 20 percent of its carbon footprint.
Focused on Brazil, Chile, Colombia, Ecuador, Mexico and Peru, the researchers assessed SAF feedstock availability, the costs of corresponding SAF pathways, and how SAF deployment would likely impact fuel use, prices, emissions, and aviation demand in each country. They also explored how efficiency improvements and market-based mechanisms could help the region to reach decarbonization targets. The team’s findings appear in a CS3 Special Report.
SAF emissions, costs, and sources
Under an ambitious emissions mitigation scenario designed to cap global warming at 1.5 C and raise the rate of SAF use in Latin America to 65 percent by 2050, the researchers projected aviation emissions to be reduced by about 60 percent in 2050 compared to a scenario in which existing climate policies are not strengthened. To achieve net-zero emissions by 2050, other measures would be required, such as improvements in operational and air traffic efficiencies, airplane fleet renewal, alternative forms of propulsion, and carbon offsets and removals.
As of 2024, jet fuel prices in Latin America are around $0.70 per liter. Based on the current availability of feedstocks, the researchers projected SAF costs within the six countries studied to range from $1.11 to $2.86 per liter. They cautioned that increased fuel prices could affect operating costs of the aviation sector and overall aviation demand unless strategies to manage price increases are implemented.
Under the 1.5 C scenario, the total cumulative capital investments required to build new SAF producing plants between 2025 and 2050 were estimated at $204 billion for the six countries (ranging from $5 billion in Ecuador to $84 billion in Brazil). The researchers identified sugarcane- and corn-based ethanol-to-jet fuel, palm oil- and soybean-based hydro-processed esters and fatty acids as the most promising feedstock sources in the near term for SAF production in Latin America.
“Our findings show that SAF offers a significant decarbonization pathway, which must be combined with an economy-wide emissions mitigation policy that uses market-based mechanisms to offset the remaining emissions,” says Sergey Paltsev, lead author of the report, MIT CS3 deputy director, and senior research scientist at the MIT Energy Initiative.
Recommendations
The researchers concluded the report with recommendations for national policymakers and aviation industry leaders in Latin America.
They stressed that government policy and regulatory mechanisms will be needed to create sufficient conditions to attract SAF investments in the region and make SAF commercially viable as the aviation industry decarbonizes operations. Without appropriate policy frameworks, SAF requirements will affect the cost of air travel. For fuel producers, stable, long-term-oriented policies and regulations will be needed to create robust supply chains, build demand for establishing economies of scale, and develop innovative pathways for producing SAF.
Finally, the research team recommended a region-wide collaboration in designing SAF policies. A unified decarbonization strategy among all countries in the region will help ensure competitiveness, economies of scale, and achievement of long-term carbon emissions-reduction goals.
“Regional feedstock availability and costs make Latin America a potential major player in SAF production,” says Angelo Gurgel, a principal research scientist at MIT CS3 and co-author of the study. “SAF requirements, combined with government support mechanisms, will ensure sustainable decarbonization while enhancing the region’s connectivity and the ability of disadvantaged communities to access air transport.”
Financial support for this study was provided by LATAM Airlines and Airbus.
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Toward sustainable decarbonization of aviation in Latin America
New Post has been published on https://thedigitalinsider.com/toward-sustainable-decarbonization-of-aviation-in-latin-america/
Toward sustainable decarbonization of aviation in Latin America
According to the International Energy Agency, aviation accounts for about 2 percent of global carbon dioxide emissions, and aviation emissions are expected to double by mid-century as demand for domestic and international air travel rises. To sharply reduce emissions in alignment with the Paris Agreement’s long-term goal to keep global warming below 1.5 degrees Celsius, the International Air Transport Association (IATA) has set a goal to achieve net-zero carbon emissions by 2050. Which raises the question: Are there technologically feasible and economically viable strategies to reach that goal within the next 25 years?
To begin to address that question, a team of researchers at the MIT Center for Sustainability Science and Strategy (CS3) and the MIT Laboratory for Aviation and the Environment has spent the past year analyzing aviation decarbonization options in Latin America, where air travel is expected to more than triple by 2050 and thereby double today’s aviation-related emissions in the region.
Chief among those options is the development and deployment of sustainable aviation fuel. Currently produced from low- and zero-carbon sources (feedstock) including municipal waste and non-food crops, and requiring practically no alteration of aircraft systems or refueling infrastructure, sustainable aviation fuel (SAF) has the potential to perform just as well as petroleum-based jet fuel with as low as 20 percent of its carbon footprint.
Focused on Brazil, Chile, Colombia, Ecuador, Mexico and Peru, the researchers assessed SAF feedstock availability, the costs of corresponding SAF pathways, and how SAF deployment would likely impact fuel use, prices, emissions, and aviation demand in each country. They also explored how efficiency improvements and market-based mechanisms could help the region to reach decarbonization targets. The team’s findings appear in a CS3 Special Report.
SAF emissions, costs, and sources
Under an ambitious emissions mitigation scenario designed to cap global warming at 1.5 C and raise the rate of SAF use in Latin America to 65 percent by 2050, the researchers projected aviation emissions to be reduced by about 60 percent in 2050 compared to a scenario in which existing climate policies are not strengthened. To achieve net-zero emissions by 2050, other measures would be required, such as improvements in operational and air traffic efficiencies, airplane fleet renewal, alternative forms of propulsion, and carbon offsets and removals.
As of 2024, jet fuel prices in Latin America are around $0.70 per liter. Based on the current availability of feedstocks, the researchers projected SAF costs within the six countries studied to range from $1.11 to $2.86 per liter. They cautioned that increased fuel prices could affect operating costs of the aviation sector and overall aviation demand unless strategies to manage price increases are implemented.
Under the 1.5 C scenario, the total cumulative capital investments required to build new SAF producing plants between 2025 and 2050 were estimated at $204 billion for the six countries (ranging from $5 billion in Ecuador to $84 billion in Brazil). The researchers identified sugarcane- and corn-based ethanol-to-jet fuel, palm oil- and soybean-based hydro-processed esters and fatty acids as the most promising feedstock sources in the near term for SAF production in Latin America.
“Our findings show that SAF offers a significant decarbonization pathway, which must be combined with an economy-wide emissions mitigation policy that uses market-based mechanisms to offset the remaining emissions,” says Sergey Paltsev, lead author of the report, MIT CS3 deputy director, and senior research scientist at the MIT Energy Initiative.
Recommendations
The researchers concluded the report with recommendations for national policymakers and aviation industry leaders in Latin America.
They stressed that government policy and regulatory mechanisms will be needed to create sufficient conditions to attract SAF investments in the region and make SAF commercially viable as the aviation industry decarbonizes operations. Without appropriate policy frameworks, SAF requirements will affect the cost of air travel. For fuel producers, stable, long-term-oriented policies and regulations will be needed to create robust supply chains, build demand for establishing economies of scale, and develop innovative pathways for producing SAF.
Finally, the research team recommended a region-wide collaboration in designing SAF policies. A unified decarbonization strategy among all countries in the region will help ensure competitiveness, economies of scale, and achievement of long-term carbon emissions-reduction goals.
“Regional feedstock availability and costs make Latin America a potential major player in SAF production,” says Angelo Gurgel, a principal research scientist at MIT CS3 and co-author of the study. “SAF requirements, combined with government support mechanisms, will ensure sustainable decarbonization while enhancing the region’s connectivity and the ability of disadvantaged communities to access air transport.”
Financial support for this study was provided by LATAM Airlines and Airbus.
#2024#2025#Accounts#acids#agreement#air#Air traffic#aircraft#America#author#aviation#billion#Brazil#carbon#Carbon dioxide#carbon dioxide emissions#carbon emissions#carbon footprint#Center for Sustainability Science and Strategy#Cleaner industry#climate#climate change#Collaboration#connectivity#corn#crops#decarbonization#deployment#development#double
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