Farmers are getting new options to cover differences in farming practices and crops, and many growers will be able for the first time this year to buy an endorsement to cover a portion of their deductibles.
Cuba could be buying a lot more poultry, corn, dairy and other ag commodities produced in the U.S., but first the U.S. needs to reverse course and begin strengthening ties with the island nation. That is the message from some of the largest American farm groups to the incoming Biden administration.
U.S. soybean export sales are unusually strong in January for both the current 2020-21 marketing year and the upcoming 2021-22 marketing year, boosted by China’s efforts to both feed its growing swine herd and replenish stocks.
Farmers who were facing a steep drop in government payments in 2021 will instead see a third round of coronavirus relief payments and other producers and ag processors left out of previous aid programs this year will get help this time, under a massive stimulus package and government funding bill.
The recent boom in commodity prices is likely to continue through 2021 and into 2022, with supplies historically low worldwide at the same time Chinese demand for animal feed is growing and a worsening drought grips Brazil and Argentina, according to a top ag economist.