Talk of Direct Payments to Farmers There has been a lot of chatter and press about a bill authored by Rep Trent Kelly (R-Miss) on the House Ag Committee, the Farm act offers payment assistance to eligible farmers. The bill is called (FARM) Farm Assistance and Revenue Mitigation) the intent is to offset financial pressure…

January 2nd & January 30th 2025 If working with the FSA, honeybee producers are required to file an initial report of colony inventory by January 2nd of each year and report changes to inventory, including movement of colonies into or outside of the administrative county within 30 calendar days. ELAP covers damage to hives and…

  On Revenue Protection polices when the harvest price is lower than the spring price you’re bushels to the acre you can grow to meet your guarantee will increase to compensate for the revenue loss. Example Soybeans 45APHX75% coverage= 33.75 Bu X $11.55 (initial price) = $389.81 guar per acre Harvested 35 bu acre X…

Initially when this program was announced, there was no deadline. There is now a deadline of August 14th! As a reminder, Track 2 is a revenue-based certification program that provides assistance for producers that suffered a loss in disaster year revenue as compared to the benchmark year revenue, that was due to necessary expenses associated…

Cattle & Ranch Report July 11, 2024  Live Cattle: A spate of activity across the commodity spectrum this morning.  Inflation continues to simmer, although a tenth of a percent lower.  Futures have started off a little higher, most likely due to enormous positive basis and lack of selling interest after a $7.00 plus decline.  The…

Acreage Reporting    There is always a first and always a last.  As a reminder we need all acres reported and signed no later than July 15th this coming Monday!    We are also fast approaching the cash discount date of August 15th for hail insurance.  Cash Hail Discounts  The office must have ample time to…

Cattle & Ranch Report June 26, 2024   Live Cattle: August and October fats pushed to a new high today.  While only by a fraction, it will be more than interesting to see if there is follow through, or a last ditch effort to resume a bull trend.  Open interest has been increasing slightly.  I…

Cattle & Ranch Report June 20, 2024   Live Cattle: The spread today between front end and back leads me to believe the industry is wrapping up the end of the holiday seasons for the summer and preparing for the doldrums.  Grocer and restaurant buying for the July 4th weekend is believed wrapping up as next…

Cattle & Ranch Report June 12, 2024 Live Cattle: Stagflation is painfully slow in declining, but it is. Nothing new today that I can see.  Boxes continue to rise, opening further margin to packers and rationing beef to the consumer.  I continue to see nothing to do in the live cattle market, as fewer do…

Cattle & Ranch Report June 5, 2024 Live Cattle: A slow start for a market with so much optimism.  Futures traders appear apprehensive to push premium, or even narrow the positive basis to a width that may have some benefit.  I think vertical integration has already taken a large step forward.  Consumers continue to battle…