CoBank

‘Explosive’ demand growth puts more than half of North America at risk of blackouts according to NERC's latest assessment. On our CoBank Power Plays podcast this month, my colleague Tamra Reynolds and I sit down with Lillian Federico and Steve Piper of S&P Global to discuss the challenges of meeting future demand. Today there is a greater division of responsibility and possibly more confusion as to who will address and pay for future generation needs. https://lnkd.in/gUCCMJyi #Reliability #Affordability #Grid #Electricity

More cheese, please! Today's farmgate #milk now yields 11.3 pounds of cheese, up from the 10 pounds just one decade ago. To learn more, watch this WFRV-TV CBS Local 5 (Nexstar Media Group) with Millaine Wells and CoBank's Corey Geiger. https://lnkd.in/g2bfs3sg

Electricity utilities’ requests for rate increases are growing, which is leading to consumer pushback and more rigorous reviews by regulators. S&P Global experts Lillian Federico and Steve Piper explain what’s going on, in this episode of Power Plays. https://bit.ly/4fqQoIs

Mexico has become the leading export market for U.S. dairy products, and sales are growing at a record pace. CoBank’s Corey Geiger and Abbigail Prins explain why maintaining open access to the Mexican market is crucial for U.S. #dairy: https://bit.ly/41HhmYS

The margin outlook for U.S. #grain elevators is improving after another year of #corn and #soybean harvests. A slower sales pace due to export market headwinds and changing policy on #biofuels could further lift the profit outlook for storage. https://bit.ly/3B724C5

Low #commodity prices and high input costs continue to take a toll on the U.S. #agricultural #economy. Even more headwinds could be coming, not the least of which is a potential trade war. Read our Year Ahead report for insights: https://bit.ly/4fnRYeb

Congratulations to Bill Farrow for being named to the 2024 NACD Directorship 100! Bill’s leadership and dedication are evident through his long-standing service on CoBank’s board of directors. He has played a crucial role in guiding the bank’s strategic direction, and his work on the Audit and Governance committees highlights his commitment to excellence in corporate governance. This well-deserved honor reflects his exceptional service, and CoBank extends its gratitude for Bill's invaluable contributions. Join us in celebrating Bill’s achievements! NACD (National Association of Corporate Directors)

Since the first release in 1924, USDA’s Milk Production reports have been the gold standard for tracking milk available for processing. However, changes in milk composition ... largely butterfat and protein content in farmgate milk ... mean the report today provides an incomplete picture for understanding whether production is growing or declining, and by how much. To hear more about this topic, listen to this short 3-minute video from WFRV-TV CBS Local 5 (Nexstar Media Group) Millaine Wells and CoBank Corey Geiger https://lnkd.in/g7Mr7XkT

A significant shift in U.S. energy policy is expected when the new administration takes office in January. But slowing the clean #energy momentum generated by the Inflation Reduction Act may be more difficult than imagined: https://bit.ly/4fnRYeb

While October milk production showed tepid growth at 0.24%, higher butterfat and protein levels propelled milk component growth by 1.18%. These same trendlines likely will continue when USDA releases its November Milk production report on December 19. To read more about the ever-changing dynamics of milk and component production, read CoBank's report at https://lnkd.in/g52i-HBb