News

Devon repeats strong quarterly gains, increased oil production

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From staff reports Profits are flowing for Devon Energy as oil pr oduction increases, repeating their record $1.7 billion cash flow from operating activities in the f irst quarter of the year. The $1.7 billion pr oved to be their highest quarter of the 2023 fiscal year, allowing Devon to repurchase 4.7 million s hares of common stock at a to tal cost of $205 million.

Updated aviation fuel model doesn’t fly with corn growers

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From staff reports The U.S Department of Treasury’s recent decision to modify the Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation model has concerned some corn growers. This model will determine greenhouse gas emission reduction requirements under the Inflation Reduction Act, which provides tax credits for biofuels that can reduce greenhouse gas emissions by 50% or more.

Farmers, firefighters unite to eliminate forever chemicals

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From staff reports A partnership between Cross Plains Solutions and the soy checkoff gives firefighters less to worry about with the invention of SoyFoam. SoyFoam is 100% free of intentionally 3added perand polyfluoroalkyl substances and is made with no fluorines. Certified 84% biobased, this product gives first responders a way to stop fires while better preserving their lung health.

Moderate and abnormally dry or worse conditions finally seeing improvements

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From staff reports According to the latest U.S. Drought Monitor Report, during the late week and weekend, a large severe weather outbreak brought large hail, damaging winds and numerous intense tornadoes to parts of the central and southern Great Plains and Midwest. The storm systems responsible for the severe weather outbreak also brought widespread moderate and heavy rain amounts to the central U.S., leading to widespread improvements in drought and abnormally dry conditions. To the southwest of the heavy rainfall, in northwest Oklahoma and southwest and central Kansas, severe drought expanded as flash drought continued to take hold during a very dry late winter and early-mid spring, leading to reports of very poor wheat conditions and dust storms. Conditions mostly remained unchanged in the western U.S., though a few improvements occurred in Colorado and Utah after recent precipitation, while conditions worsened in parts of southeast Montana and the Black Hills region of South Dakota and adjacent northeast Wyoming amid recent dry weather.

Stabenow unveils Rural Prosperity, Food Security Act

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From staff reports WASHINGTON, D.C. – The U.S. Senate Agriculture, Nutrition and Forestry Committee Chairwoman Debbie Stabenow (D-Mich.) recently showcased the Rural Prosperity and Food Security Act, which contains over 100 bipartisan bills and put the 2024 Farm Bill on track to being signed by the end of 2024.