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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, December 24, 2024
Year after year of drought and intense heat that have cooked crops in Texas also have fueled a clash between USDA and the crop insurance industry that has spilled over into discussions of a new farm bill.
Corn and soybean prices fell Friday following USDA’s release of its latest World Agricultural Supply and Demand Estimates report, which projects a record soybean crop and “smaller supplies, larger exports, and reduced ending stocks” for corn.
Farm equipment suppliers such as Deere & Co. have been shedding jobs and other agribusiness giants are reporting weaker business prospects in North America, a potential harbinger of continued softness in farm income as producers head out to harvest crops this fall.
USDA is projecting corn and soybean yields at record highs this year and has sharply raised its forecast for both soybean production and ending stocks, prompting another drop on the futures markets Monday.
Four major projects that are part of Partnerships for Climate-Smart Commodities initiative showcase the varied approaches farm groups, companies and non-profit sponsors are taking to prove the impact of conservation practices on ag’s environmental footprint.
The future’s uncertain for dicamba, a herbicide used to kill weeds in soybean and cotton fields that has been controversial since “low volatility” versions were labeled for use in 2017.
Southern producers with cotton, rice and peanut base acreage would see their farm program payments more than double, while growers in other regions would see smaller increases under the GOP farm bill the House Agriculture Committee will consider this week, according to a new analysis.
The Environmental Protection Agency’s timeline for reviewing a new dicamba label submitted by Bayer could mean growers won’t be able to use the herbicide next year.