Coverage under SCO is available in 2015 for a few select crops in a few designated counties. Specific requirements must also be met, but there will be changes in the program starting next year.USDA has a list of crops under consideration to be added to those eligible for the new Supplemental Coverage Option (SCO) as provided under the 2014 Farm Bill. As we reported on 30 March, the House Agriculture Committee's subcommittee on General Farm Commodities and Risk Management held a hearing on the implementation of the farm bill with reports from the Farm Services Agency and the Risk Management Agency (RMA). One of the issues to arise was the implementation of SCO policies.In accordance with the farm bill, SCO is a new buy-up crop insurance prog...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.