November 23, 2020

USDA Announces Disaster Designation

MaxYield Cooperative grain analyst Karl Setzer passes this along…

WASHINGTON — The U.S. Agriculture Department on Wednesday is expected to announce a series of relief efforts to help American farmers and ranchers hurt by the severe drought that has plagued much of the country — slashing hay output and leaving corn and soybean crops withering in bone-dry fields.

The announcement from the USDA will center on changes in disaster assistance to producers struggling with the drought by focusing on increasing their flexibility in the Conservation Reserve Program — a program that pays producers an annual rent for taking fragile land out of production — and within the department’s authority to provide emergency loans

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