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Shining Light on Farm & Food Policy for 20 Years.
Saturday, May 04, 2024
Lawmakers are looking at boosting subsidies for supplemental, area-based crop insurance policies to induce growers to buy higher levels of coverage, which could potentially reduce the demand from farm groups for ad hoc disaster assistance.
Prices for fertilizer products have been dropping for months from highs last year after many producers cut down on applications, but major manufacturers such as Mosaic and Nutrien see farmer demand rising amid bullish fundamentals.
Commodity groups face some critical farm bill decisions in coming weeks that hinge on factors out of their control, including an updated forecast of farm program costs and uncertainty about the ongoing debt ceiling standoff between the White House and House Republicans.
The Trump administration is handing out so much money to farmers that the United States will blow through its spending limit under World Trade Organization rules for 2019 and likely 2020, potentially exposing U.S. farm programs to legal challenges, according to a new analysis.
Prevented planting insurance claims could easily set a record this year despite lower limits on coverage imposed by the Agriculture Department because of concerns that growers were being overpaid in the past.
Some Republicans say the best thing Congress could do to help farmers withstand the turmoil in trade policy is to pass a new farm bill. But economists say the legislation is unlikely to offer much relief to farmers, especially soybean growers, even if commodity prices don’t recover from their current tariff-induced slump.
WASHINGTON, June 7, 2017 - Corn, soybean, wheat and rice growers in much of the country now have a new option for crop insurance, a Margin Protection (MP) product ...
