The U.S. Department of Agriculture has authorized up to $12 billion in a “Trade Retaliation Mitigation” (farm tariff) aid package for 2018. The aid package will include direct payments to producers of affected farm commodities, purchases of surplus commodities for food and feeding programs, and trade promotion programs.
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As we approach June 1, producers in the affected areas will be evaluating their crop insurance options for late planting or prevented planting coverage
Rep. Mike Conaway’s proposal keeps many of the existing farm bill titles and farm programs in place for the 2019-23 crop years.
March 15 is the deadline to purchase crop insurance for the 2018 crop year.
An increase in the maximum CRP acreage to 28-30 million acres in the next farm bill seems like a potential possibility.
It is possible that some corn and soybean producers in the upper Midwest could qualify for crop insurance indemnity payments in 2017.
Some farm operators in the Upper Midwest will be receiving a significant Ag Risk Coverage payment on their corn base acres during October from the USDA Farm Service Agency.