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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ARC-CO delivers the bulk of 2024 support, offering key margin relief as producers manage tight operating conditions.
USDA’s steady yields and heavy global stocks keep grains range-bound unless demand firms or South American weather becomes a real threat.
As economic pressures continue to squeeze agriculture, ag lenders are signaling a more cautious outlook for farm profitability heading into next year, particularly among grain producers facing lower commodity prices and higher operating costs.
USDA released the November WASDE Report on Friday, the first supply-and-demand estimate to drop since September, just before the 43-day government shutdown.
