Lawmakers peppered USDA Undersecretary Ted McKinney with questions about the Trump administration's new trade relief program for farmers bruised by retaliatory tariffs, and McKinney revealed some new details about the package. ...
It looks like a combine on a 4-wheeler?! New plot combine at South Dakota State University.
Contact your trusted ProAg agent today for information on the Livestock Gross Margin Plan for Dairy Cattle. What is Livestock Gross Margin for Dairy (LGM-Dairy)?
LGM-Dairy provides protection when feed costs rise or milk prices drop and can be tailored to any size farm. Gross margin is the market value of milk minus feed costs. LGM-Dairy uses futures prices for corn, soybean meal, and milk to determine the expected gross margin and the actual gross margin. LGM-Dairy is similar to buying both a call option to limit higher feed costs and a put option to set a floor on milk prices.
#LetUsProtectYou #dairy #cropinsurance
Incremental pieces of information are coming out on the MFP 2.0 from USDA Undersecretary McKinney. One detail of information McKinney released is that the new payments to farmers could be based on multiple years of production levels. “We have changed how that’s calculated. It’s not just a one-year look back, it’s looking back over several years,” he said. For more information, read the full article here.
The FEEDD Act would create an emergency waiver authority for the secretary of agriculture to allow for haying, grazing or chopping of a cover crop before Nov. 1 in the event of a feed shortage due to excessive moisture, flood or drought without producers taking a further discount on their crop insurance. Additionally, this legislation will provide emergency forage for personal use or donation for family farmers and ranchers when devastating weather hits, and enhance the overall farm safety net for diversified crop and livestock producers. This bill has been introduced in the House of Representatives.
#cropinsurance #LetUsProtectYou #preventedplant
In the coming weeks, USDA will provide information on the Market Facilitation Program payment rates and details of the various components of the disaster relief legislation. USDA is not legally authorized to make Market Facilitation Program payments to producers for acreage that is not planted. However, USDA is exploring legal flexibility to provide a minimal per acre market facilitation payment to folks who filed prevent plant and chose to plant an MFP-eligible cover crop. Secretary Perdue states, "I urge farmers to plant for the market and plant what works best on their farm, regardless of what type of assistance programs USDA is able to provide." Contact your trusted ProAg agent today to help decide what’s right for your operation!
#preventedplant #plant19 #cropinsurance
Farmers all across Pennsylvania say crop insurance – whether Whole-Farm Revenue Protection (WFRP) or policies that cover Pasture, Rangeland and Forage (PRF) – plays a critical role in keeping family operations going. "Crop insurance is one of those things that when you need it, you need it real bad." - Scott Bowser, Pennsylvania Dairy Farmer