Gold Is SOARING -- Here's What You Need to Do

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for less than $5.

In Vietnam, farmers reduce methane emissions by changing how they grow rice

ANIRUDDHA GHOSAL
April 22, 2024

LONG AN, Vietnam (AP) -- There is one thing that distinguishes 60-year-old Vo Van Van's rice fields from a mosaic of thousands of other emerald fields across Long An province in southern Vietnam's Mekong Delta: It isn't entirely flooded.

That and the giant drone, its wingspan similar to that of an eagle, chuffing high above as it rains organic fertilizer onto the knee-high rice seedlings billowing below.

Using less water and using a drone to fertilize are new techniques that Van is trying and Vietnam hopes will help solve a paradox at the heart of growing rice: The finicky crop isn't just vulnerable to climate change but also contributes uniquely to it.

Rice must be grown separately from other crops and seedlings have to be individually planted in flooded fields; backbreaking, dirty work requiring a lot of labor and water that generates a lot of methane, a potent planet-warming gas that can trap more than 80-times more heat in the atmosphere in the short term than carbon dioxide.

It's a problem unique to growing rice, as inundated fields stop oxygen from entering the soil, creating the conditions for methane-producing bacteria. Rice paddies contribute 8% of all human-made methane in the atmosphere, according to a 2023 Food and Agriculture Organization report.

Vietnam is the world's third-largest rice exporter, and the staple importance to Vietnamese culture is palpable in the Mekong Delta. The fertile patchwork of green fields crisscrossed by silvery waterways has helped stave off famine since the Vietnam War ended in 1975. Rice isn't just the mainstay of most meals, it is considered a gift from the gods and continues to be venerated.

It is molded into noodles and sheets and fermented into wine. In busy markets, motorcyclists lug 10-kilogram (22-pound) bags to their homes. Barges haul mountains of the grain up and down the Mekong River. Rice kernels are then dried and hulled by machines before they're packed for sale in factories, lined from floor to ceiling with sacks of rice.

Van has been working with one of Vietnam's largest rice exporters, the Loc Troi Group, for the past two years and is using a different method of irrigation known as alternate wetting and drying, or AWD. This requires less water than traditional farming since his paddy fields aren't continuously submerged. They also produce less methane.

Using the drone to fertilize the crops saves on labor costs. With climate shocks pushing a migration to cities, Van said that it's harder to find people to work the farms. It also ensures precise amounts of fertilizers are applied. Too much fertilizer causes the soil to release Earth-warming nitrogen gases.

Once crops are harvested, Van no longer burns the rice stubble -- a major cause of air pollution in Vietnam and in its neighbors, as well as Thailand and India. Instead, it's collected by the Loc Troi Group for sale to other companies that use it as livestock feed and for growing straw mushrooms, a popular addition to stir-fries.

Van benefits in various ways. His costs are down while his farm yield is the same. Using organic fertilizer enables him to sell to European markets where customers are willing to pay a premium for organic rice. Best of all, he has time to tend to his own garden.

"I am growing jackfruit and coconut," he said.

Loc Troi Group CEO Nguyen Duy Thuan said that those methods enable farmers to use 40% less rice seed and 30% less water. Costs for pesticides, fertilizer and labor also are lower. Thuan said Loc Troi -- which exports to more than 40 countries including in Europe, Africa, the United States and Japan -- is working with farmers to expand acreage using its methods from the current 100 hectares to 300,000 hectares.

That's a long way from Vietnam's own target of growing "high quality, low emission rice" on 1 million hectares of farmland, an area more than six times the size of London, by 2030. Vietnamese officials estimate that would reduce production costs by a fifth and increase farmers' profits by more than $600 million, according to the state media outlet Vietnam News.

Vietnam recognized early on that it had to reconfigure its rice sector. It was the largest rice exporter, ahead of both India and Thailand, to sign a 2021 pledge to reduce methane emissions at the annual United Nations climate summit in Glasgow, Scotland.

Each year, the industry suffers losses of over $400 million, according to recent research by Vietnam's Water Resources Science Institute. This is worrying, not just for the country but for the world.

The Mekong Delta, where 90% of Vietnam's exported rice is farmed, is one of the world's regions most vulnerable to climate change. A U.N. climate change report in 2022 warned of heavier flooding in the wet season and droughts in the dry season. Scores of dams built upstream in China and Laos have reduced the river's flow and the amount of sediment that it carries downriver to the sea. The sea level is rising and turning the river's lower reaches salty. And unsustainable levels of groundwater pumping and sand mining for construction have added to the problems.

Changing centuries-old forms of rice farming is expensive, and even though methane is a more potent cause of global warming than carbon dioxide, it only receives 2% of climate financing, Ajay Banga, the World Bank's president, told the U.N. climate summit in Dubai last year.

Combating methane emissions is the "one rare, clear area" where low-cost, effective and replicable solutions exist, Banga said. The World Bank is supporting Vietnam's efforts and has begun helping the Indonesian government to expand climate resilient farming as a part of more than a dozen projects to reduce methane worldwide.

The hope is that more countries will follow, though there is no "one-size-fits-all," said Lewis H. Ziska, a professor of environmental health sciences at Columbia University. "The one commonality is that water is needed," he said, adding that different methods of planting and irrigation can help manage water better.

Growing more genetically diverse rice varieties would also help because some are more resilient to excess heat or require less water, while others might even emit less methane, he said.

Nguyen Van Nhut, director of the rice export company Hoang Minh Nhat, said its suppliers are using varieties of rice that can thrive even when the water is briny and the heat is extreme.

Now, the business is adapting to the unseasonal rains that make it harder to dry the rice, adding to risks from mold or insect damage. Typically, rice is dried in the sun immediately after harvest, but Nhut said his company has drying facilities in their packaging factory and also will install machinery to dry the grains closer to the fields.

"We don't know which month is the rainy season, like we did before," he said.

___

The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Continue Reading...

Popular

Dogecoin Rises 4.45% Amidst Anonymous 120 Million DOGE Transfer To Robinhood

A transfer of 120 million Dogecoin (CRYPTO: DOGE) to the trading platform Robinhood has coincided with a 4.45% surge in the price of the meme crypt

AI & Crypto in One $11 Investment - Ad

Right now, you can harness the power of two bull markets... Artificial intelligence and cryptos...In one simple $11 investment.

Cannabis Meets Prescription Drugs, Steroids And Ketamine In Schedule III: What It Means, Key Stocks To Watch

President Joe Biden's administration is moving to reschedule cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA).

Tesla Cuts Workforce By 10% In Norway, Offers Severance Package Amid Global Restructuring

The severance package comprises a minimum of three months of full salary without work obligations, even for those recently hired.

Earn Instant Cash Flow (using THIS tactic) - Ad

Can you imagine earning $1,118,721/hr? That's what greedy Wall Street elites have been pocketing for 22 straight years. And now it's available to you.

Snowflake Analysts Remain Overweight: Potential Growth Despite Iceberg Adoption Concerns

Piper Sandler analyst attended Virtual Iceberg Summit with tech giants. Snowflake seen as having potential drag on growth, but threat may be overstated.

Trump Meets With DeSantis, Noem Stirs Up Controversy: How Will Republican Vice President Betting Odds Be Impacted?

The relationship between Donald Trump and Ron DeSantis was heated at times during the Republican primary season, before the Florida governor dropped out of the 2024 presidential election and threw his support behind the

Central Banks Buying Gold in Record Numbers - Ad

Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can... Stacking it in their locked vaults on pallets in record numbers. Find out why right here (and see what you can do to get in too with just a few dollars).

Elon Musk Issues Stark Warning Amid Rising National Debt: '...The Dollar Will Be Worth Nothing'

Elon Musk has voiced concerns about the future stability of the U.S. dollar, highlighting the escalating national debt as a potential catalyst for a looming economic crisis.

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Katy Perry and Rihanna didn't attend the Met Gala. But AI-generated images still fooled fans

NEW YORK (AP) — No, and didn't attend the this year. But that didn't stop AI-generated images from tricking some fans into thinking the stars made appearances on the steps of fashion's biggest night.

Demand Soars For Novo Nordisk's Weight-Loss Drug Wegovy Despite Supply Constraints And Eli Lilly Competition

The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

Troubled EV Maker Fisker Said To Shut Down California HQ And Relocate Some Staff As Bankruptcy Clock Ticks

Some employees at the Manhattan Beach office have been informed of the relocation and have been asked to prepare for the move by collecting their belongings.

What's Going On With Palantir Technologies Stock Today?

Last week, Palantir Technologies reported strong Q1 results, beating revenue estimates and delivering six straight quarters of GAAP profitability. It also raised its full-year guidance and aims to be the dominant AI infrastructure in the market.

Billionaires Are Now FLOODING Into Gold - Ad

Ray Dalio, John Paulson, and many others all recommend you own gold right now. But did you know there's another huge investor (worth more than all the world's billionaires COMBINED) buying gold by the ton? That's why the best move to make right now could be this little-known gold investment (which you can get started with for just $5).

Bitcoin 'Could Still Have A Correction Down,' Cautions Lark Davis: 'Let's Not Get Ahead Of Ourselves'

In his latest podcast update, cryptocurrency trader Lark Davis previewed what could lay ahead for Bitcoin (CRYPTO: BTC) and different altcoins

Fraudsters target small businesses with scams. Here are some to watch out for

NEW YORK (AP) — It's never fun to be scammed, but if you're a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit.

Mysterious Gold Leverage Just Announced - Ad

Ex-Goldman Sachs VP reveals a secret of the rich and connected that lets you tap into the upside of a huge amount of real, physical gold for just a few dollars at a time. He says the upside could be near 1,000% in the coming future.

Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump Media

DOVER, Del. (AP) — A Delaware judge on Tuesday granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a lawsuit filed by two cofounders of the company.

Investing guru Warren Buffett draws thousands, but Charlie Munger's zingers will be missed

OMAHA, Neb. (AP) — Tens of thousands of investors are expected to once again descend on an Omaha, Nebraska, arena Saturday to vacuum up tidbits of wisdom from billionaire Warren Buffett. But a key ingredient will be missing from his annual Berkshire Hathaway : It's the first since Vice Chairman Charlie Munger .

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

European companies are less upbeat about China's vast market as its economy slows

BEIJING (AP) — China is actively seeking foreign investment to boost its slowing growth, but that very sluggishness is weighing on company plans to grow their businesses in the world's second largest economy, an annual survey of more than 500 European companies has found.

Breaking News: Elon Musk Invents New Type of A.I. - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

What to know about Trump strategist's embrace of AI to help conservatives

FORT LAUDERDALE, Fla. (AP) — Brad Parscale was the digital guru behind Donald Trump's surprise victory in the 2016 election and was promoted to manage the 2020 campaign. But he : His personal life unraveled in public and he later texted a friend that he felt “guilty” for helping Trump win after the riot at the U.S. Capitol.

California moves closer to requiring new pollutant-warning labels for gas stoves

SACRAMENTO, Calif. (AP) — California could require all new gas stoves sold in the state to carry a label warning users about pollutants they can release that have been linked to respiratory illnesses.

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Turkey halts all trade with Israel over military actions in Gaza

ANKARA, Turkey (AP) — Turkey on Thursday suspended all imports and exports to Israel citing the country's and vowed to continue to impose other measures until the Israeli government allows the flow of humanitarian aid to the region.

Should You Buy Bitcoin in 2024? [Expert's Shocking Answer] - Ad

Bitcoin minted 100,000 millionaires and if you're not one of them, that ship has sailed. But there's another millionaire-minting crypto at our doorstep... research shows this coin could be 20X bigger than Bitcoin by the end of the decade. With crypto starting to heat up again, this could be the perfect time to get in.

Stock Market Rally For 2024 Has Peaked, Goldman Sachs Forecasts 'Flat Return From Now Till The End Of The Year'

The stock market rally for 2024 has reached its peak, according to Goldman Sachs. The firm's chief U.S. equity strategist, David Kostin, has predicted a flat return for the S&P 500 for the remainder of the year.

PASSIVE INCOME (by this evening) - Ad

Hey, I have an unique opportunity for those looking for additional ways to earn income right now. It can be done from home. You can do it in your spare time. And it only takes 6 clicks and as little as $50.

Landmark Google antitrust case ready to conclude

WASHINGTON (AP) — Lawyers for both the Department of Justice and Google will present arguments Thursday and Friday to conclude the .

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions

This year's gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that should also take responsibility for the company's investments after he takes over, raising new questions about the succession plan.

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

Microsoft Introduces Isolated AI For US Intelligence To Analyze Secret Data: Report

Microsoft pioneers a groundbreaking move by introducing an isolated generative AI model exclusively accessible to U.S. intelligence agencies. This offline GPT4-based system, functioning in an "air-gapped" environment, promises heightened security for analyzing classified data, meeting the escalating demand for advanced intelligence tools worldwide.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright traderelite.club
Privacy Policy | Terms of Service