The Senate Agriculture Committee yesterday completed the 2012 Farm Bill markup in one session. The Commodity Title is based on the same outline we reported on 20 April. It eliminates direct payments, countercyclical payments and the ACRE program, and replaces it with a new Ag Risk Coverage (ARC) program. ARC:
Is based on county averages; Covers wheat, corn, grain sorghum, barley, oats, long grain rice, medium grain rice, pulse crops, soybeans, other oilseeds and peanuts; Is based on total acres that are planted or prevented from planting, not to exceed total acres planted in the 2009-12 crop years adjusted for land coming out of the Conservation Reserve Program (CRP); Requires a one-time election for enrollment; and, Makes payment...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
