Although it’s not known exactly when chlorpyrifos will be reinstated, agriculture groups are citing this as a huge win for farmers who have been battling EPA for more than two years.

In December 2022, Jon Scheve sold 25% of his expected 2023 soybean production at $14.04 with a November 2023 futures contract sale. He also bought $13.80 November puts for 78 cents on his remaining 75% of production. Combined, these trades provided a guaranteed $13.25 futures price floor and unlimited upside potential.

For the past four years, Lance Petersen has bought 100% of his seed without a face-to-face meeting. Even before that, he was buying crop protection products and fertilizer via online marketplaces and retailer portals. He describes co-ops as dinosaurs, but he says he's found the one that isn’t and now does business with the co-op.

Xylazine is an important sedative for veterinary medicine. However, illicit or illegal xylazine is increasingly showing up in street drugs. Legislation proposed earlier this year would help combat the emerging threat posed by illicit xylazine while protecting veterinarians’ ability to use the product.