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Banks have money to lend, interest rates are low and there’s a lot of cash in the countryside

Crystal Valley Cooperative said it was targeted in a ransomware attack in recent days, making it the second Midwestern farm-services provider in a week to be forced to take systems offline due to cybersecurity incidents.

As the supply chain snarled, prices spiked. Prior to Hurricane Ida, a New Orleans barge of urea to ship in September to destinations across the U.S., Canada traded at $450 a ton. After, the price jumped to $552 a ton.

Work continues on cleaning up from Hurricane Ida with logistical problems remaining for moving grains. Now, Risk Management Solutions is estimating total insured losses between $31 billion and $44 billion.

On Wednesday, Reuters reported EPA is mulling cuts to biofuel blending levels, calling it a win for big oil. Agriculture Secretary Tom Vilsack and Iowa Sen. Charles Grassley commented on the RFS rumors on AgriTalk.

Chip Flory is joined by USDA Secretary Vilsack to discuss who is affected by stepped-up basis and why he thinks agricultural America should be in support of it.

“Right now, Florida citrus growers are facing some major issues, including resistance and invasive diseases like citrus greening, which are threatening their ability to produce a citrus crop,” Lee Shekels says.