USDA’s Federal Crop Insurance Corporation (FCIC) published a new rule for crop insurance late last year, the Expanding Access to Risk Protection (EARP) rule that eliminates buy-up coverage for prevented planting policies. The rule proposes to:
Increase premium subsidies from 5 to 10 crop years that a producer can qualify for under beginning farmer and rancher benefits, with subsidies of 15 percent for the first two years, 13 percent for the third year, 11 percent for the fourth year, and 10 percent for years 5 through 10. Allow options for direct-marketed tomatoes and peppers beginning with the 2027 crop year. This change reflects how specialty crop growers in the Northeastern states conduct business and has been a frequent request f...
What You Need to Know Today: Attacks between the U.S. and Iran intensified overnight and the U.S. Central Command reported that the U.S. naval blockade against Iran will begin at 3:00 PM CDT Tuesday. President Trump said the Strait of Hormuz is open to all shipping traffic, except Iran. In an...
Beef packer margins improved to -$172/head last week, up $31 from the prior week as sharply lower fed cattle prices more than offset a seasonal decline in the Choice cutout. The cutout fell to $382/cwt while fed cattle prices dropped to $248/cwt, allowing packers to recover some of the margin c...
Key Takeaways: Aquaculture is becoming increasingly important in meeting global seafood demand, gaining market share as wild-caught fisheries face production limitations. Superior feed conversion efficiency gives aquaculture a competitive advantage over traditional livestock production, with l...
