USDA is expediting $10 billion to farmers through the Emergency Commodity Assistance Program.
The sign-up period is currently open with the application deadline set for August 15th.
Deputy Undersecretary Brooke Appleton joined RFD-TV’s own Suzanne Alexander to discuss the highlights with some of the payment rates for the main eligible commodities like corn, soybeans, and wheat, some of the eligibility requirements producers need to keep in mind, and her priorities for the department moving forward.
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China’s pullback is hitting core U.S. commodities hard, reshaping export expectations for soybeans, cotton, grains, and livestock.
Slower grain movement may pressure basis, but falling diesel prices could help offset transportation costs.
The U.S. has a bountiful corn supply, but markets are waiting for the January WASDE Report, which will include updated yield estimates.
Rising federal debt is increasing pressure on Washington to limit spending, which could tighten future funding and delivery for agricultural programs.
“I’m not sure where this bridge goes,” trader Brady Huck with Advanced Trading told RFD-TV News earlier this week.
