Sept/Oct Rainfall Intervals Finally Announced!

The Risk Management Agency (RMA) issued Product Management Bulletin PM-25-006 to announce the final grid indices and payment calculation factors which have been determined and approved for the following: 2024 Crop Year Rainfall Index September – October Index Interval Final Grid Indices for Annual Forage (Growing Seasons 8, 9 ,10,11,12), Apiculture, and Pasture, Rangeland, Forage…

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Dry Bean and Pea Prices – Just Announced!

The Risk Management Agency (RMA) issued Product Management Bulletin PM-25-002 announcing the Dry Bean and Dry Pea Revenue Endorsement harvest prices for the 2024 crop year. The harvest prices are applicable for the crops, types, and states listed in the bulletin.   

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American Relief Act

Additional Details on Key Disaster, Economic Assistance Funds Expected in Coming Weeks As reported in our notes to you in late December, Congress passed and the President signed into law a measure dubbed the American Relief Act which contains roughly $31 billion in assistance for producers, including $21 billion for production loss assistance for 2023…

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End of Insurance Period

End of Insurance Period December 10th was the end of insurance period for Corn and Soybeans. All other crops had prior end of insurance coverages.  If you have any unharvested acres of any type of crop, please report them to your agent as soon as possible to ensure proper handling. It also marks the start…

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Marketing Assistance for Specialty crops

Marketing Assistance for Specialty crops   This program is administered through FSA and has been allocated 2 billion in funding!  The signup is from Dec 10, 2024, through January 8th, 2025.  This program will be paying an additional percentage of your gross sales.  The percentage is not known at this time and will be backed…

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Honeybee – Direct Payments to Farmers

Talk of Direct Payments to Farmers There has been a lot of chatter and press about a bill authored by Rep Trent Kelly (R-Miss) on the House Ag Committee, the Farm act offers payment assistance to eligible farmers.  The bill is called (FARM) Farm Assistance and Revenue Mitigation) the intent is to offset financial pressure…

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Direct Payments to Farmers

Talk of Direct Payments to Farmers There has been a lot of chatter and press about a bill authored by Rep Trent Kelly (R-Miss) on the House Ag Committee, the Farm act offers payment assistance to eligible farmers. The bill is called (FARM) Farm Assistance and Revenue Mitigation) the intent is to offset financial pressure…

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Upcoming Honeybee Deadlines

January 2nd & January 30th 2025 If working with the FSA, honeybee producers are required to file an initial report of colony inventory by January 2nd of each year and report changes to inventory, including movement of colonies into or outside of the administrative county within 30 calendar days. ELAP covers damage to hives and…

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Final Harvest Prices 11/5

  On Revenue Protection polices when the harvest price is lower than the spring price you’re bushels to the acre you can grow to meet your guarantee will increase to compensate for the revenue loss. Example Soybeans 45APHX75% coverage= 33.75 Bu X $11.55 (initial price) = $389.81 guar per acre Harvested 35 bu acre X…

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