According to USDA, nearly 80 percent of all acres and liability that are covered in the federal crop insurance program will be eligible for YE beginning in the spring of 2015. It will be available for additional crops (both annual and perennial) in 2016.USDA is implementing a provision of the 2014 Farm Bill called Yield Exclusion (YE), which allows farmers with crop insurance to exclude from their actual production history (APH) the actual yield in a year in which the per county planted acre yield for a crop was at least 50 percent below the 10 previous years' average. When a crop year is determined to be eligible for YE for a crop in a specific county, producers in contiguous counties will also be entitled to exclude their actual yield for...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.