Mar 13, 2012

CRP Signup from March 12 to April 6

USDA has announced a general Conservation Reserve Program (CRP) signup from March 12 through April 6, 2012, at county Farm Service Agency (FSA) offices throughout the Country. There are approximately 6.5 million acres of CRP land with expiring contracts on Sept. 30, 2012. General CRP sign-ups were also held in 2011, when 3.75 million acres were accepted into CRP, and in 2010, when about 4.2 million acres were accepted into CRP. In 2011, the CRP celebrated its 25th anniversary, and over two and a half decades of conservation success. CRP was originally established in the 1985 Farm Bill....More
Mar 13, 2012

USDA March 2012 Report Highlights

USDA left U.S. ending stocks of 2011 corn and soybeans unchanged at 801 million and 275 million bushels respectively – a bearish move given the trade had expected corn stocks to be reduced to 776.5 million bushels and soybeans to drop to 254 million. Corn’s balance sheet was untouched, while soybeans had inconsequential tweaks in the seed and residual categories....More

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