Articles tagged under: USDA
Prevent Plant Acres Jump to 20 Million
Published August 28, 2019
The USDA Farm Service Agency has updated crop acreage data. The most recent FSA report shows there are nearly 20 million acres enrolled in prevent plant so far in 2019. In Minnesota, there are more than 1.1 million acres enrolled.…USDA Looking into Beef Packer Margins
Published August 28, 2019
USDA is looking into a fire that damaged a Tyson beef processing plant in western Kansas. Recent beef packer margins are being investigated to determine if there’s been price manipulation or unfair practices. In a statement, Agriculture Secretary Sonny Perdue…Cattle on Feed Total 11.1 Million in the Latest Report
Published August 23, 2019
The most recent Cattle on Feed Report was in line with expectations. According to USDA, there are 11.1 million cattle on feed for slaughter as of August 1, down 400,000 head from last month. That is the highest August 1…Transparency for Trade Damage Calculations
Published August 23, 2019
USDA has outlined how the rates were made for the new round of Market Facilitation Program payments. There is a countywide rate, but that was based on the estimated trade-related damages for various commodities. For soybeans, the commodity rate was…First Round of MFP 2.0 Payments Being Processed
Published August 21, 2019
Farmers should start receiving the first round of Market Facilitation Program payments very soon. According to USDA Farm Service Agency Administrator Richard Fordyce, the payment process began Wednesday for farmers with approved applications. "Over 200,000 applications have been received since…USDA Postpones Accrual of Crop Insurance Interest
Published August 16, 2019
USDA’s Risk Management Agency will defer accrual of interest for all farmer’s spring 2019 crop year premiums, due to the extreme weather conditions, for two months or until November 30. That’s for all policies with a premium billing date of…What Happens After the Report Dust Settles?
Published August 14, 2019
As the dust settles from the August USDA reports, the grain trade is shifting their focus. According to AgResource Company President Dan Basse, weather is one story in the markets. The portions of the Midwest will need more rain to…Lower Corn, Soybean and Wheat Production Forecast for MN
Published August 13, 2019
USDA’s National Agricultural Statistics Service is projecting lower corn, soybean and wheat production for Minnesota this year. Minnesota corn production is forecast at 1.28 billion bushels, down six percent from last year. USDA NASS says corn yields are forecast at…USDA Releases August Supply/Demand Numbers
Published August 13, 2019
With supplies rising and use falling, U.S. corn ending stocks for 2019/20 are up 171 million bushels to 2.1 billion. That's according to USDA's August supply/demand estimates. U.S. corn exports were lower in the report, while global corn production and…