USDA is preparing to fund the second round of payments under the 2019 Market Facilitation Program as early as late November or early December, but Agriculture Secretary Sonny Perdue is hopeful a third round won't be needed.
Corn futures contracts ended the day sharply lower after Department of Agriculture officials raised 2019/2020 corn yield estimates while lowering soybean yield estimates in the World Agricultural Supply and Demand report Thursday.
The Trump administration is set to announce a deal to mitigate concerns over the use of small refinery exemptions from the Renewable Fuel Standard that will reallocate waived gallons to other obligated parties.
USDA’s Risk Management Agency has issued a clarification of an earlier press release to make clear that farmers will receive a 15% top-up payment on prevented planting indemnities this year if their insurance policies had the Harvest Price Option.
The Agriculture Department will provide larger disaster-aid payments for losses in 2018 than for 2019 and will offer prevent-plant bonus payments of up to 15% for farmers who were unable to seed crops this spring due to the heavy Midwest flooding, according to rules announced Monday.