Evening Edition | Friday, November 4, 2022
In tonight's Evening Edition, catch up on the controversial USDA relief program news, corn revenue protection, bird flu, and top stories this week.
USDA Relief Program
A U.S. Department of Agriculture program touted as relief for lost trade during the Trump-era trade war with China spent unprecedented amounts of money, bypassed Congressional approval, and lacked checks to ensure the payments went to eligible farmers.
The Market Facilitation Program doled out more than $23 billion, more than all other USDA direct payment subsidies combined over the duration of the MFP.
Read about how the funding was distributed in the article linked below.
- READ MORE: Secret Subsidies: Program meant to help farmers in trade war overspent, lacked transparency
Corn Revenue Protection
The final harvest prices for crop insurance for the 2022 crops are $6.86 per bushel for corn and $13.81 per bushel for soybeans, respectively.
These are the average futures prices for December CME corn and November CME soybean contracts during the month of October.
Check out this article for timely crop insurance reminders.
The Agriculture Department has spent $450 million to combat this year’s outbreak of bird flu, but losses among domestic flocks are nearing the record set seven years ago in the largest-ever U.S. animal health emergency.
The outbreak has driven up egg prices and tightened the supply of holiday turkeys.
Read on to learn why bird flu is still a risk this fall.
Doug’s Feed Service, Inc., of Baxter, Iowa, has consented to a voluntary revocation of its grain warehouse license, effective Oct. 31, 2022, by the Iowa Department of Agriculture and Land Stewardship.
Due to the revocation of the license, Doug’s Feed Store, Inc., is prohibited from storing grain after Nov. 30, 2022.
John Deere’s new ST series of strip-tillage implements enables farmers to apply nutrients and till the field in a single pass.
Strip-till offers a middle ground between conventional tillage and no-till practices, leaving around two-thirds of the soil undisturbed.