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New plan to revitalize America's forest economies

Sep 30, 2024
By Farms.com

Report details job growth and sustainability in forests

 

In a major step towards environmental and economic sustainability, the administration today presented a comprehensive report crafted by the Departments of the Interior, Agriculture, and Commerce. This report lays out a detailed plan to empower forest-dependent communities through enhanced job opportunities in the sustainable forest products and outdoor recreation sectors. 

The report is a culmination of efforts following the President’s Executive Order to strengthen the nation’s forests and their local economies, aligning with ongoing Climate Week commitments. It highlights the administration's strategy to use historical funding allocations from recent acts such as the Bipartisan Infrastructure Law to support wildfire risk reduction and the development of resilient forest management practices.

Key aspects of the report focus on creating new jobs, enhancing outdoor recreational facilities, and promoting innovative forest products that align with sustainable and climate-resilient practices.

The administration also seeks to improve intergovernmental coordination to provide rural communities with the tools they need to succeed in a changing environmental landscape.

The report suggests robust collaboration among federal agencies to help these communities access vital resources and navigate climate-related risks. It also emphasizes supporting underserved communities, including Tribes, through equitable access to resources and co-stewardship opportunities.

This strategic approach aims not only to mitigate the impacts of climate change but also to ensure that America’s forest lands continue to be a source of economic vitality and environmental health, supporting local economies and enhancing the quality of life for residents in these crucial areas.


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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.