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Balanced Reporting. Trusted Insights.
Saturday, April 12, 2025
The latest version of the Trump administration’s trade assistance for farmers may provide some growers with more money than their actual losses from the ongoing trade war with China, but supporters of the aid package say it’s vital to helping many produces to survive until better times.
The Agriculture Department overhauled its Market Facilitation Program to broaden the number of farmers that would receive the trade aid, but officials may encounter new grumbling over the wide disparities in county payment rates.
By the end of the year, China is finally expected to implement the quotas for corn, wheat and rice as it agreed to do about 20 years ago, but it may not be a cause for celebration for American farmers.
Crop insurance for corn, soybeans and wheat will cost more because of the expected effects of climate change on yields, the Economic Research Service concluded in a report made public Monday.
The Environmental Protection Agency has approved the insecticide sulfoxaflor for use on corn, cotton, sorghum and citrus, as well as other crops, the agency announced Friday, saying it had concluded the chemical posed no significant risk to bees and that alternatives to the chemical are worse for the environment.
July reports from the Department of Agriculture offered little surprise to traders, including when USDA stuck with the much-maligned June Acreage report data.
Prevented planting insurance claims could easily set a record this year despite lower limits on coverage imposed by the Agriculture Department because of concerns that growers were being overpaid in the past.
Ag producers are more optimistic than last month about the future of the ag economy after a crop price rally, Market Facilitation Program announcement and disaster aid bill boosted producer sentiment in June.
Grain traders are still unsure of actual planted cropland after USDA dropped planted corn acres estimates by just over 1 million in its June Acreage report Friday. Many traders find that difficult to believe after farmers in the eastern Corn Belt struggled to plant a crop this spring.
As farmers struggle to plant crops or take prevented planting options this growing season, they aren't the only ones hurting. Ag retailers fear millions in losses and leftover inventory.