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Balanced Reporting. Trusted Insights.
Monday, December 04, 2023
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.
China says it is ready to join the plant biotechnology revolution, opening its fields to the widespread cultivation of genetically modified soybean and corn crops in an effort to bolster domestic production, but it’s unclear if the transformation will benefit U.S. exports.
In line with their goals to help farmers adopt regenerative agriculture, Truterra has made four new data-driven regional and crop-specific programs available.
A new Agriculture Department report projects the nation’s corn producers will still be able to top 15 billion bushels of nationwide production even as stretches of the heartland face dry weather that will lower yields.
USDA has cut its forecast for the value of U.S. ag exports in fiscal year 2023 to $181 billion, a $3.5 billion reduction from the agency’s February prediction of $184.5 billion.
The House Agriculture Committee is considering raising reference prices based on a commodity’s relative input costs, an approach that could benefit some southern crops over commodities such as soybeans and corn.
Groups representing producers of U.S. row crops are far from united on what Congress should do to improve commodity programs, even as the House and Senate Agriculture committees look to start writing a new farm bill in coming weeks.
The USDA on Friday said raised its planting forecasts for corn, soybean and most wheat, but slashed its prediction for cotton planting as dryness in Texas continues.
In a period when inflation has raised the cost of everything from fertilizers to shipping, groups representing agricultural producers and processors are calling for increased funding for two proven and longstanding export programs.
Soybean and wheat growers are taking the lead in pushing for lawmakers to increase farm program reference prices in the next farm bill, even as lawmakers wrestle with how to come up with the extra money that would be required.
