‘You are not a horse’: The FDA went on social media to warn against using a livestock de-wormer to treat or prevent Covid-19; “Taking large doses of this drug is dangerous and can cause serious harm.” (FDA)
Record soy crop seen: The United States is headed for its largest soybean harvest ever, 4.436 billion bushels, and the second-largest corn crop, 15.116 billion bushels, according to the Pro Farmer crop tour. (Farm Journal)
Lower RFS possible: The collapse in gasoline demand due to the pandemic has complicated the EPA’s task in setting the Renewable Fuel Standard, and agricultural interests fear the government will set the 2021 RFS below the 2020 level. (Argus)
Deere sales soar: The world’s largest farm equipment maker expects a 25 to 30-percent increase this year in sales of its production and precision agriculture products despite supply-chain pressures. (Deere)
Fewer farm bankruptcies: Federal court filings for Chapter 12 farm bankruptcy during the year ending in June were down 24 percent from the previous 12-month period, and the lowest since 2015. (AFBF)