USDA is starting today the sign-up for enrollment of land in the Conservation Reserve Program (CRP) under the 2018 farm bill. Sign-up will continue through the end of February 2020. This will be the first general sign-up in three years and USDA, according to Secretary Perdue, is “hoping to see one of our largest sign-ups in many years.” The 2018 farm bill increased the acreage cap on the program for the first time since 2008. Currently, there are 22 million acres idled through the program, which is 2 million short of the 24 million acre cap set by the 2014 farm bill. The 2018 farm bill set a cap of 25 million acres for the 2019 sign-up, increasing to 29 million acres in 2023.
However, the net effect potentially could be cons...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
