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: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
In a recent social media post, R-CALF unveiled its latest cattle market plan: “contracts that bind producers before establishing a base price, then tie that price to future negotiated cash transactions, should be prohibited.” That proposal aligns with recent legislation by Represent...
Key Takeaways: The recent pearl-clutching from parts of the beef industry regarding the loss of the daily Kansas fed cattle negotiated trade pricing report is overwrought and ignores the fact that the direction was readily apparent. The shift away from negotiated trade has been well docu...
