The White House is seeking $33 billion to support Ukraine. To reduce the impact on global food supplies, the plan includes incentives for U.S. farmers to increase production of certain food crops. There’s $400 million for a two-year bump in USDA marketing assistance loan rates for food commodities. Wheat loan rates would go up 63 percent, oilseed rates increase 40 percent and pulse crops rise 21 percent. This proposal also includes a $10-per-acre crop insurance premium subsidy for farmers who double-crop soybeans after winter wheat. National Association of Wheat Growers CEO Chandler Goule said double-cropping is only an option in a small area. Goule wants both spring wheat and winter wheat farmers to be incentivized to increase production.
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