U.S. Department of Agriculture
Nearly 4 million acres of CRP expire this year. Secy. Vilsack wrote to National Grain and Feed Association’s Mike Seyfert to share converting CRP is “unfeasible.” However, Vilsack did offer one caveat in his letter.
USDA says there are currently no plans to provide direct payments to farmers impacted by soaring fertilizer prices. The news comes as farm groups and lawmakers are asking assistance to help with rising fertilizer costs.
USDA says the launch of the Emergency Livestock Relief Program (ELRP) will address increases in supplemental feed costs in 2021. Phase 1 of the payments is expected to total $577 million.
A growing number of lawmakers, farm groups and farmers are pleading for assistance from still surging fertilizer prices. One possibility for USDA would be to tap the Commodity Credit Corporation (CCC) Charter Act.
USDA’s Prospective Plantings report came with some shocks as farmers revealed 2022 planting plans. Despite the higher than expected soybean acreage numbers, some analysts say the soybean balance sheet is still tight.
For 2022, USDA are expecting more soybean acres than corn. That’s according to the 2022 Prospective Plantings report released on March 31.
Do your planting intentions align with the USDA data released on March 31? Share your thoughts in our poll.
With the ongoing war in Ukraine, a recent U.S. Farm Report viewer asked about the U.S. and energy independence. John Phipps provides a reality check of the current situation when it comes to crude oil and petroleum.
President Biden’s USDA FY 2023 budget proposal focuses on climate, conservation and research with $3.8 billion discretionary spending increase for USDA with climate, conservation and clean energy the major focal points.
USDA now expects food price inflation in 2022 to be from 4.5% to 5.5%, compared with 2021, based on the all-food Consumer Price Index. No category shows a potential decline.