Mar 20, 2012
blog

Future of the Conservation Reserve Program 1

The Conservation Reserve Program (CRP) is likely to be a key focal point during the development of the next farm bill in the coming months. In an era when Congress and the administration are looking to reduce the Federal budget deficit, there will be pressure to reduce the current annual expenditure of just under $2.0 billion on CRP, including about $1.7 billion in annual rental payments. Most experts expect the size of CRP to be reduced from the current maximum level of 32 million acres to around a maximum of 25 million acres in the next farm bill....More
Mar 20, 2012
blog

Soybean Market Vulnerable 1

Uncertainty about South American supplies and strong Chinese demand have continued to drive soybean prices up, despite fast harvest progress in Brazil and the start of Argentina’s harvest. Estimates of production are still falling as a result of crop problems in southern Brazil. Brazilian analyst AgroConsult cited worse-than-expected yields in Rio Grande do Sul last week when it lowered its estimate of Brazil’s soybean crop by 3 million metric tons (mmt) to 67.1 mmt....More

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