U.S. Department of Agriculture
Text highlights from USDA World Agriculture Supply & Demand Estimates report.
Corn and soybean prices expected to decline going forward.
It left the borrowing rate-based charge for February unchanged.
USDA will seek public comments for 60 days.
Very minimal drought improvement across the U.S. was reported last week.
Highlights from USDA’s 2012 crop production summary report.
Farm cooperatives posted record sales and income in 2011, beating the previous record sales year of 2008 by $10 billion, according to USDA.
The law is the biggest change to food industry oversight since 1938.
Does the 2012 drought mean sky-high crop insurance premiums for 2013? Absolutely not, says William Murphy, administrator of USDA’s Risk Management Agency (RMA).