Articles tagged under: Rich Morrison

Fall Harvest Price Set for Crop Insurance

Published November 2, 2020

Friday was the final day for the fall harvest price to be set for crop insurance. NAU Country Vice President of Farm Services Rich Morrison says the harvest price has risen to where it will take a yield loss to…

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Weather and Export Demand Driving Grain Markets

Published September 29, 2020

The weather and export demand are the drivers in the grain markets. Monday’s USDA weekly crop progress report was in line with trade expectations. "The corn harvest is still a little bit behind normal and the beans are doing well…

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Crop Price Could Trigger PLC Payments

Published August 14, 2020

NAU Country Vice President of Farm Services Rich Morrison says the average crop prices the USDA gave in Wednesday’s supply and demand report will trigger Price Loss Coverage payments, if confirmed. "The government lowered the market year average estimate on…

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Traders Leery Ahead of May USDA Report

Published May 7, 2020

The grain markets continue to trade sideways or lower ahead of the May Supply and Demand report. NAU Country Vice President of Farm Services Rich Morrison is not expecting friendly carryout numbers. "If the USDA uses its planting intentions numbers…

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Lower Demand Will Stick Around Awhile

Published April 20, 2020

Crude oil traded at its lowest level since 1988 on Monday. That weighed on the corn market. "Even with the cuts of supply OPEC came out with last week, it still won't touch the drop in demand," says Rich Morrison,…

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Fed’s Interest Rate Reduction Gives Boost to Market

Published March 3, 2020

NAU Country Vice President of Farm Services Rich Morrison says the Federal Reserve’s half point interest rate cut provided confidence for the market. "The fact that the Federal Reserve is stepping in brings money back into the marketplace." Morrison says…

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Waiting on Trade News

Published February 12, 2020

NAU Country Vice-President of Farm Services Rich Morrison says all of the agricultural commodities are waiting for some type of trade news. "Until China gets back in business, there's not much else to talk about right now." The 30 day…

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Acreage Decisions in Flux

Published January 30, 2020

Corn and soybean acreage is expected to increase in the year ahead. NAU Country Vice President of Farm Services Rich Morrison says major changes could still happen. "Bean acres I expect to be at least 10 million (acres) higher and…

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Morrison Moves to NAU Country

Published January 29, 2020

Rich Morrison is the new vice president of farm services for NAU Country Insurance Company. For the past 20 years, Morrison has been a risk analyst for Diversified Services Marketing Group. Morrison is a regular market contributor for the Red…

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Harvest Price Options Set for Crop Insurance

Published November 1, 2019

Diversified Services Risk Management Analyst Rich Morrison says now that the harvest price option is set for crop insurance, farmers with revenue protection should visit with their crop insurance provider. "We ended up down one dime on corn and down…

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