End of Insurance Period December 10th was the end of insurance period for Corn and Soybeans. All other crops had prior end of insurance coverages.  If you have any unharvested acres of any type of crop, please report them to your agent as soon as possible to ensure proper handling. It also marks the start…

Marketing Assistance for Specialty crops   This program is administered through FSA and has been allocated 2 billion in funding!  The signup is from Dec 10, 2024, through January 8th, 2025.  This program will be paying an additional percentage of your gross sales.  The percentage is not known at this time and will be backed…

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…

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…