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...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
