If prices are high, as they have been the past two years, this program has guaranteed great profits regardless of yields or prices going forward.February was an important month for U.S. producers because, as we have pointed out on several occasions, this is the month the initial and minimum price guarantees for the 2014 crops are calculated. The table below shows the 2012 and 2013 initial base prices compared with the preliminary prices for the 2014 crop.As a quick refresher on the crop revenue protection program:
This program insures revenue per acre. A producer can elect coverage between 65-85 percent of their proven crop yield. The per acre insurance guarantee is the percentage of insurance times the proven yield times the initial p...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
