Monday, May 18, 2020

May 18, 2020 Edition









“No need to feel sorry.  Although his time was short, he had a great life… he got to explore, chase squirrels, mark territory, and overall live the life of freedom as he should.”


After continued conversation with this farm manager, he went on to say when he was a grade school kid, a neighbor in the area had a dog and whenever the school bus would stop there, or he and his dad would drive by, the dog was always on a chain.  And, when that dog died, they immediately got another dog and that dog went on the chain as well.  So, I asked, “How is that farm doing today?  How have they grown or prospered over the years?”  He didn’t reply, he just looked at me and shook his head.


I’m sure many of you have experienced something similar over the years.  As you work alongside your teams and other business partners in the industry, the more freedoms and responsibility allowed to empower employees and the numerous folks that help your business, the more they will enjoy their work.  The farm business gets rewarded with more creativity, more efficiency, and more productivity.  The individual workers themselves become more valuable as they help foster a positive culture for themselves and others to thrive.  At the end of the day, the best business owners go to work because of their employees and the success they want them to enjoy.

Weather and Corn Development

Well, it’s great to see the sunshine and feel some heat on a consistent basis.  After 4-5 days of such weather, most areas are seeing field activity pace continuing to increase.  It looks like a warm week ahead too; if temps hold close to the forecast over the week, we should hit around 110-120 GDD’s over the 7-day span.  It only takes corn approximately 120 GDD’s to emerge from planting, so crops will now emerge quickly.




The map above is rainfall over the past week.

I’ll count on your weather app for a best guidance through the 7-8 day forecast, but looking beyond that, I’ve found this site from NOAA to be fairly reliable for a general 8-14 day outlook.  

https://www.cpc.ncep.noaa.gov/products/predictions/814day/...  

 
This time frame is forecasted to have a slightly greater chance of being above average for temperatures, while the precipitation forecast is neutral to slightly greater chances for below average precipitation.  It would be ideal for this stage of the spring to see a continuous 2-week planting window.  We’ll see how the precipitation forecast unfolds for this coming weekend.

Since we’re getting a bit of a late start to the majority of our corn and soybean planting this spring, it is worthy of taking a look at the Aug-Sept-Oct time frame for a long range 3-month outlook to try and see how the harvest season my look.  This forecast from NOAA reveals equal chances for both above and below average precipitation over the time frame, but for temperatures, there is a significantly greater chance that we should experience warmer than average conditions.  Overall, I’d say an optimistic outlook for the autumn.

https://www.cpc.ncep.noaa.gov/products/predictions/long_range/seasonal.php?lead=4





Soil Temperatures and Corn Planting
The chart below displays current soil temperatures today (Monday, May 18th) at 9 am CDT from NDAWN.  These temperature reports are from bare ground (no residue).


Soil temperatures across the region have gained tremendously over the past several days.  There are still some cool soil temps up in Bottineau area (with frost at 24”), but everywhere else, we should feel confident in planting corn and soybeans as field conditions allow.  Expect some variability across a local region in soil temperatures due to residue cover, prior crop, fall tillage, drainage, soil moisture, and soil types. 

Many fields across the region are still in what I would call “fair condition” for field work.  There is a distinct difference between fair and good conditions… commodity prices are not strong enough to “mud it in and hope for the best” under fair conditions.  Usually, Mother Nature gives us a good chance for success, we just need to be patient on some fields for a few more days.

I’ve had several questions over the past week on how long should we push for corn planting if conditions aren’t ready yet in our area.  Well, these questions reminded me of a conversation years ago with a veteran corn farmer who made the statement, “it’s not the conditions in May or June that makes a corn crop, it’s the quality of planting in May, the rain in July, and the heat in August and September that makes a corn crop!”

It’s hard to predict the weather a few months out, but I’ll reiterate the insight mentioned earlier for NOAA’s insight (figure below) for temperature (top) and precipitation (bottom) during the August-September-October time frame.  I would think that if we can get corn planted in the next 7-10 day time frame, we will have a great chance for success.
Nationwide, the planting progress for corn and soybeans continues at a very strong pace.  Currently, the USDA reports the nation at about 80% planted for corn (71% is the 5-yr average), and 43% of the planted corn has emerged (similar to the 5-yr average of 40%).  For soybeans, 53% of the intended acres have been planted (38% is the 5-yr average), while only 18% of the soybeans have emerged (12% is the 5-yr average). 

The USDA says spring wheat is 60% sown with the 5-yr average of 80% - so a continued slow start to the spring wheat sowing this particular season, but still in a good spot overall to have good yields and quality.

For North Dakota, the state is only reporting 20% corn, 9% soybeans, 41% spring wheat, 2% sunflowers, and 66% sugarbeets for completion of planting percentages as of Monday, May 18th.



A Tool for Prevent Plant Calculation
I’ll keep this article as a hold-over in the newsletter from last week for those still considering Prevent Plant acreage and how it may impact the farm financials.  If you would like extra assistance in working through some precise examples for your operation, please reach-out and contact Chris Barron with Ag View Solutions.

They have a nice spreadsheet available for calculating Prevent Plant payment (free of charge).  Chris Barron mentioned to me that many growers have shared output from this spreadsheet with landowners and bankers to assist with conversations regarding key decision making as a difficult spring unfolds.  Mr. Barron has asked that you contact him directly as he’d like to assist in walking through the spreadsheet initially before distributing a copy.  Nobody is a big fan of Prevent Plant, but sometimes the weather and markets force a guy to consider every and all options.  Chris’s email address for such a request is: cbarron@agviewsolutions.com .
Website: https://agviewsolutions.com/


Corteva® Announces 1st Quarter Financial Marks
Pioneer is a business within Corteva Agri-Sciences®, and last week Corteva® announced a report to investors on their updated financial results and outlook from the first quarter of 2020.  The key bullet points are outlined here and a weblink for additional insight. 
  • First quarter 2020 reported net sales were $4.0 billion, up 16% versus the year-ago period, with double-digit organic sales1 growth in every region.
  • Seed sales rose 25% on a reported basis and 27% on an organic1 basis primarily due to increased corn deliveries in North America2 , coupled with strong sunflower and corn sales in Europe.
  • Crop Protection sales improved 5% on a reported basis and 10% on an organic basis1 due to increased demand for new products globally, including Arylex and Enlist herbicides.
  • Merger cost synergies for the three months ended March 31, 2020 totaled approximately $70 million, reflecting continued progress on productivity initiatives.
Everything looks good to start the year, but the stats will not reflect any corn and soybean acre and subsequent seed need shifts the US is now experiencing in certain geographies.
1. Organic sales, Organic Growth (including by segment and region), Operating EPS, Pro Forma Operating EPS, Operating EBITDA, and Pro Forma Operating EBITDA are non-GAAP measures.
2. North America is defined as U.S. and Canada. EMEA is defined as Europe, Middle East and Africa.
Product Spotlight – Enlist One™
Although there are two herbicide options for use in over-the-top applications in Enlist-3® soybean production, most of the retailers will be primarily carrying “Enlist One™”.  This jug will contain only the 2,4-D choline, and will be preferred since an applicator will have more flexibility with tank-mix options with either glyphosate or glufosinate (Liberty™).
Last season, some applicators had experience with DMA glyphosate salts (i.e. Durango®) mixing more thoroughly in the tank with Enlist One® than Potassium (or K-salts, i.e. PowerMax™ or Abundant Edge™).  Please keep this in mind when confirming your brands of post-emerge glyphosate this spring with your local retailer for spraying Enlist-3® soybeans.
Corteva® is incentivizing the farmer to use a Corteva® branded pre-emerge herbicide (Afforia™, EverpreX™, Sonic™, Surveil™, etc.) to be applied in Enlist-3® soybeans.  Rebates are at the $2.00 to $2.50/ac value depending on the tank-mix formulation utilized post-emerge.  Please contact your retailer, Corteva CP Territory Manager, or myself for additional details.



Sony in Ag
Sony, the electronics company, has decided to get into the agricultural field’s tech sector with various collaborations.  Sony’s overall goal would be to enhance crop management decision making with drones.  Their first short-term objective would be to accurately determine plant stand counts, crop growth staging, and plant health status.

Once they are successful on these first initial goals, then the second tier of management would be to determine and implement in-season management zones for the remainder of the year based on these initial observations for herbicide, fungicide, fertility, etc. 

In season hail storms, killing frost, brittle-snap events, etc. could all lead to increased variability across a field, and a need for re-evaluation.  Sony has a goal of creating five-foot square management zones to account for all weather-related events that may alter the parameters of the cost/profit analysis.  Subsequent variable rate prescriptions will then be determined.

I’m not sure of all the details but it sounds like it could be a bit cumbersome with drones – even the large drones covering hundreds of miles in a single flight.  I would think if some of these big-tech companies could do more with enhancing satellite imagery, they would find the efficiency increasing the most.



COVID-19 Update
I came across an interesting research article related to the effectiveness of cloth masks from the US National Library of Medicine, and the National Institute of Health.  This data was published back in April of 2015 (data collected in 2011).  The study randomized over 1,600 healthcare workers in the country of Vietnam (where more various viral human diseases are present) into three groups – medical masks, cloth masks, and uncontrolled check (which included individualized preferences in regards to mask usage). 

Anyway, the details are in the weblink below and it was interesting to see that cloth masks were the least effective at reducing healthcare worker infection of viruses.  Each participant in the cloth mask group had five cloth masks to rotate and wash over the 4-week trial.  Medical masks were the most effective.

Brett Goodman Returns to North Dakota
Many of you may remember Mr. Goodman during his days with Pioneer in the Grand Forks area back in 2011-2014.  Brett has continued his career with Pioneer over the years in the Kentucky and Tennessee southern US geographies, but recently has decided to return to the Northern Plains. 

Brett will lead the Pioneer sales efforts for the entire state of North Dakota and northwest Minnesota.  Brett and his wife are both from the region with family ties in Langdon as well as Hallock (wife).  Brett says his family are all excited to move back to our area, reconnect with many friends, and shop for winter survival gear!


Dicamba and Cancer? – Say it ain’t so!
Unfortunately, more poor news is hitting the Bayer® organization, and this time it’s about dicamba being linked to the increased risk of causing numerous cancers in humans.  The findings come from the National Institute of Health after use of the growth regulator herbicide has climbed sharply due to the EPA approval of RR2Xtend® soybeans and dicamba use within that particular system in late 2016.
The EPA is getting an increased dose of scrutiny in this article from AgNews about approving the use of dicamba on more widespread acreage.  If the EPA begins to react to this heat from fellow scientists, and it boils over to media sources and eventually US Congressmen/women, we’ll see tighter scrutiny moving forward with pesticide reviews and first-time allowances which are in the que for EPA approval.  This may be fortunate for human health and safety, but unfortunate if we want more tools at our disposal to protect crops from yield robbing pests, and pesticide resistance.
At the very minimum, I’d expect new technologies with dicamba to be shifted to other herbicide platforms.  This may affect the sugarbeet industry as I’ve been told dicamba with glyphosate technology is set to come into the sugarbeet crop in a couple 2-3 years.
In other Bayer® news, the company has decided to settle court allegations that disingenuous advertisements were implemented by Monsanto in regard to glyphosate’s (Roundup®) potential health risks to mammals (including humans).  This decision/settlement will cost Bayer $39.5 million.  Bayer continues the process of appealing glyphosate and cancer lawsuits, while at the same time trying to reach a settlement in those cases to end the litigation and media attention.  It has been speculated for some time now that the settlement will cost Bayer between $10-12 billion.

Random Agricultural Facts – World Population
It’s interesting to note that the current population of China and India combined is greater than the next 20 countries on the list of highest populated countries on earth.  The United States may have the world’s greatest technology sector, the most volume of agricultural output, and increasing manufacturing capabilities, but we have to make sure they not only service the great people of the USA, but also the people of China and India to create increased value and more demand for such products.

Another interesting note on this list is the density of people per square kilometer in each country.  You probably won’t find me retiring in Singapore (8,358 people/km2) or Hong Kong (7,140 people/km2), but more likely Australia (3 people/km2), Iceland (3 people/km2), or Western Sahara (2 people/km2).  Needless to say, you’ll find me somewhere in a small town finding a niche in the community.







Wednesday, May 13, 2020

May 11th, 2020 edition

 
 
 
 
 
 
 
 
 
 
"When the people fear the government, there is tyranny;
When the government fears the people, there is liberty.”
– Thomas Jefferson; 3rd US President (1801-1809)
 

It would be easy to take this quote and relay it back to the current day atmosphere with COVID-19 and how the different US states are responding to re-opening their individual economies to the citizens.  However, I’m going to take a different approach and relate it back to our Corteva® company values in placing the customer at the center of everything we do.  Whether in government or in business or in anything in-between, if there is a focus on serving the people, and an unselfish attitude towards the process, there will be great rewards, enjoyment, and liberty gained along the way.

I’m sure many of you have experienced this yourself as you work alongside many agricultural businesses that purchase product and services from your operation.  The closer everyone works together to try and constructively solve problems that benefit all the people involved, the more everyone will prosper at the end of the day.

Weather and Corn Development
Well, a full week of below average temperatures last week didn’t allow for much corn to be planted – or any other crops for that matter.  Definitely, the sugarbeets and small grains are getting most all the seeding and planting attention up to this point in the spring if/when conditions are suitable.  Hopefully, we can avoid any precipitation chances this week and get into the full swing of planting by the end of the week.


Speaking of precipitation, the map above is the month of May precipitation accumulation for the region.  There are reports of close to 2-3” of rain in some localized geographies and the outlook is dire for much more than a few acres to get planted in these localized regions due to roads being extremely soft and field access limitations coming into consideration.
The forecast for the week ahead looks to be cool with one or two nights of frost to start the week (hopefully the last frost of the spring) and then some early to mid-60F temps for Friday and the upcoming weekend.  If we are fortunate, we’ll gain around 20-25 GDD’s for this week.  Let’s pray that the second half of May gives us the heat we need. 

I’ll count on your weather app for a best guidance through the 7-8 day forecast, but looking beyond that, I’ve found this site from NOAA to be fairly reliable for a general 8-14 day outlook.  https://www.cpc.ncep.noaa.gov/products/predictions/814day/...  

This time frame is forecasted to have a slightly greater chance of being above average for both temperatures and precipitation.  I like the temperature forecast, but we need to stay dry to have the planters/air-seeders working consistently in the region.

For a slightly longer forecast, a 3-month outlook from NOAA for the July-Aug-Sept time frame is available at the link below.  This forecast shows equal chances for both above and below average precipitation, but the temperature outlook shows potential for above average heat in the later part of the summer/early autumn for the far Northern Plains.  https://www.cpc.ncep.noaa.gov/predictions/long_range/3...

Soil Temperatures and Corn Planting

We all know that corn likes a 50F or greater soil temperature and the first 48 hours of imbibing water close to that temperature is key for the young seedlings.  The chart below displays current soil temperatures today (Monday, May 11th) at 8 am CDT.  These temperature reports are from bare ground (no residue).



According to NNAWN, soil temperatures across the region have lost momentum over the past week (no surprise).  Dickenson is currently the only location in the state reading near or above 45F soil temps in the top 24” of soil.  Meanwhile, Adams is still reporting some frost at 24” depth.  Expect some variability across a local region due to residue cover, prior crop, fall tillage, drainage, soil moisture, and soil types. 

Corn needs about 120 GDD’s from planting to emergence (some hybrid differences will occur), but any corn planted after May 10th usually has a strong chance of emerging uniformly and producing a very nice plant stand.  There is still value in understanding our corn hybrids and soybean varieties and their correlating cold stress/field emergence characteristic ratings.  If you find opportunities to plant this week, please confirm your early planted hybrid/variety choices with your Pioneer Seed agency or myself.



There is a distinct difference between fair and good conditions… commodity prices are not strong enough to “mud it in and hope for the best” under fair conditions.  Usually, Mother Nature gives us a good chance for success, we just need to be patient here for another day or two and allow some soil temps to build before we begin to run hard with the corn planting.


I had a great conversation via phone last week with Chris Barron from Ag View Solutions.  Even during these tough agriculture times, his business is staying busy as farm managers continue to show resiliency by reaching-out to other professionals and requesting assistance in areas where the farm needs to improve.  Chris and his team have a ton of experience in helping farms create a clearer picture of their financial outlook and utilizing tools and ideas for success that can be implemented over the long-term.

Ag View Solutions also has a nice spreadsheet available for calculating Prevent Plant payment (free of charge).  Chris mentioned that many growers have shared output from this spreadsheet to share with landowners and bankers to assist with conversations regarding key decision making as a difficult spring unfolds.  Chris has asked that you contact him directly as he’d like to assist in walking through the spreadsheet initially before distributing a copy.  Nobody is a big fan of Prevent Plant, but sometimes the weather and markets force a guy to consider every and all options.  Chris’s email address for such a request is: cbarron@agviewsolutions.com .


Planting Progress in the US

Nationwide, the planting progress for corn and soybeans continues at a very strong pace.  Currently, the US sits at about 67% planted for corn (56% is the 5-yr average), and 38% planted for soybeans (23% is the 5-yr average).  The states with over 70% of their corn planted include: Iowa, Minnesota, Nebraska, North Carolina, Texas, and South Dakota.

The USDA says spring wheat is 42% sown with the 5-yr average of 63% - so a continued slow start to the spring wheat sowing this particular season.  Speaking of North Dakota, the state is only reporting 7% corn, 4% soybeans and 27% spring wheat for completion of planting percentages this week.

Within our Pioneer team, we had another national tele-conference at the end of last week to sum-up the planting progress to date around the lower 48 states.  From eastern Colorado, through Nebraska, southern South Dakota, southern Minnesota and east, most of the corn (90-95% plus) is being reported as planted and probably 80-90% of the soybeans are in the ground as well.  There is a wet region in east central Illinois through west central Indiana that is affecting planting progress, but they are around 60-70% complete with their corn planting.

The southeastern US region is slowing down on their corn planting and it sounds like they will only get in about 60-70% of their intended corn acres (about 6.7 mil acres forecasted in the March Planting Intentions report).  That leaves the Northern Plains region.  From northern South Dakota through the very southeastern portions of North Dakota they have seen some activity and currently sit around 25-40% planted with corn acres, and the remainder of North Dakota and northwestern Minnesota would be less than 5% planted.

Many are speculating that North Dakota won’t see a million acres of corn this year, but we still have a solid couple week window to plant corn (through May 25th) and I would think that we should end-up closer to 1.5-2.0 mil acres of corn in the state if we can get rolling by May 15th (Friday this week).  Last year in 2019, North Dakota had 3.7 mil acres, and this seasons March Planting Intentions report had the state pegged at 3.2 mil acres forecasted.

If you add up the losses across the country – the south, maybe 2-3% less corn across the greater Midwest and then the Northern Plains - we are in a position to see a record drop in actual planted acres for a season when compared to the March Planting Intentions report for corn.  If you remember correctly, this season’s USDA March report had the US at 97 mil acres of corn forecasted and the prior record for fluctuation off the March Intentions was last season’s 3.1 mil acre drop due to the delay from excessively wet conditions.

Corteva’s CEO Jim Collins, stated in a Reuters article that internally, “our assumptions right now are that we could see a 5 to 7 million acre decline in corn” under the 97 million acre forecast from March’s USDA Planting Intentions report.  Doing the math on the numbers, I would think 90-92 million corn acres in the US would be a best-case scenario.  We’ll see how it plays out, but there isn’t much incentive to plant $2.50 local cash corn in the Northern Plains under our cool and wet conditions. https://www.reuters.com/article/us-corteva-results-idUSKBN22J2XG

China Imports of Pork Increasing Significantly

Reuters had an informative article last month on the amount of pork currently being imported into China.  The country is still reeling from their hog herds being decimated, by up to 40%, from African Swine Fever (ASF) over the past 12-15 months.
With the largest country population in the world at 1.44 billion people, the Chinese people consume the largest amount of pork meat (their favorite meat protein source) than any other country.  China’s pork meat imports have tripled in the month of March 2020 (391,000 tonnes) compared to March 2019, and their pork imports for the first quarter of 2019 (951,000 tonnes) are double what they were in the first quarter of the year prior. 
United States trade with China is improving as China has purchased over $5 billion worth of farm goods in the first quarter of this year.  This would include 168k tonnes of US pork meat – a seven-fold increase in pork over the prior year for first quarter sales. 
https://www.reuters.com/us-china-economy-trade-pork/...

COVID-19 May Lead Countries to “Agricultural Nationalism”

If this does pan-out as accurate over time, it places some added importance on the new USMCA trade agreement in North America.  Currently, we are sitting with surplus supplies in the US and Canada and I’m sure our farm and livestock producers would relish the opportunity to export more agriculture commodity to help feed the world’s people if given the chance.  If the US can begin dominating the export markets with our produce, we will have a chance of creating true demand for our farmers and commodity prices to rebound to consistently profitable levels.

 

Product Spotlight – Afforia®

With the delay for most all operations in the region on planting, there will most likely be an acre shift to more soybeans.  Corteva has a strong lineup of soybean herbicides and one of our leading pre-emerge products with open rotation flexibility is Afforia®. 

Afforia® is a premix of flumioxazin (Valor®), thifensulfuron (Harmony®) and tribenuron (Express®).  The thifensulfuron and tribenuron are both equal components of the commonly used Affinity BroadSpec®.  The thifensulfuron and tribenuron are Group 2 ALS herbicides, while the flumioxazin is in the Group 14 PPO inhibitor herbicide class.
The formulation is a dry dispersible granule with a 2.5 oz/ac use rate.  The herbicide is labeled for pre-plant or pre-emerge use only and field applications need to cease once the soybeans start cracking the soil upon emergence.

The weed control spectrum is fair to good with activity on some tough to control grass and broadleaf weeds like barnyardgrass, common lambsquarter, vol. canola, nightshades and pigweeds.  It is commonly mixed in the tank with metribuzin (Sencor®) for enhanced broadleaf control for species like kochia and common ragweed.

There are minimal crop rotation restrictions with Afforia® (eight months or less to sugarbeets, corn, spring wheat, drybeans and potatoes) at the 2.5 oz/ac use rate.  Obviously, tank mix partners may alter crop rotation restriction intervals.

To view the full Afforia® label:  https://...amaxonaws.../DuPont_Afforia_Herbicide_Label2.pdf

Soybean Seeding Rates and Row Spacing - NDSU
Last week’s NDSU Extension’s Crop and Pest Report had a nice article on soybean seeding rates and row spacing by Hans Kandel and Peder Schmitz.
For row spacing, the NDSU research data reveals across 15 locations a 2.7 bu/ac advantage for the narrow 12” rows versus the wide 24” rows (Table 1 below).  In general, I’d support this conclusion, but I’m sure the data comes from the same drill/air-seeder used for seeding both row widths. 

On the farm, the wider rows are accomplished with a planter, and many growers comment on the efficiency and improvement of stands gained with a planter over an air-seeder with more uniform emergence due to a more consistent seed depth.  Also, when we get into tougher conditions like high salts, high IDC pressure, and/or soil crusting, more seedlings within a row tend to push through the stress in stronger fashion.  It would be interesting to see a similar study, but with the implementation of an air-seeder for narrow rows and a planter for the wider rows.  My guess is the yield difference under such a scenario would be much closer to the same and probably insignificant.

In regard to soybean planting populations, the NDSU researchers found that across the same 15 locations, seeding rates of 140,000 seeds/ac and above all yielded statistically similar.  Seeding rates of 180k and 200k had statistically better yields than 120k seeding rate and below.  And lastly, seeding rates of 140k and 160k were statistically higher yielding than an 80k seeding rate.  As you can see, over a wide range (80k to 200k) in seeding rates, only about 4 bu/ac separate out the yield data (Table 2 below).

I remember reading an NDSU research paper a couple years back stating that established soybean plant stands of 135-140k plants/ac at harvest was optimum for maximizing yield potential.  In cases where white mold (sclerotinia) is a concern, I do like the wider rows and lower plant populations to allow more air movement in the canopy to assist in keeping the micro-climate less humid and thus infection potential lower.

Also, please note there is about a 10% loss (give or take a bit) from seeding rate to harvest stand in this study, and I’d think that would be very representable from an air-seeder.  Planters should provide slightly better emergence and ultimately less loss of stand over the season when compared to an air-seeder.  Therefore, if our goal is to hit a 135k-140k plant stand at harvest, we need to drop about 145-150k soybean seeds/ac to achieve the goal depending on seedbed quality and seeding equipment type.


The USDA estimates food waste at approximately 30-40% of the domestic food supply and has a goal of working with the US EPA to reduce waste by 50% over the next 10 years.  Several years back, I remember hearing this food waste percentage at a level closer to 50%, so I would think with today’s technology and efforts, we are slowly improving as a society in this realm.

So, how does the USDA and EPA figure they will reduce food waste throughout the decade?  First is by trying to limit production on the types of food with high risk for spoilage or loss and second by feeding more of the hungry people and animals within the country.  I would think a third would be to find quicker ways to consume food that has been identified as a high risk for spoilage loss.

The following graphic outlines the USDA / EPA strategy for reducing food waste with the most preferred and valuable strategies listed at the top of the inverted triangle.  For additional insight: https://www.usda.gov/foodwaste/faqs