Farms.com Home   News

AFBF Welcomes USDA Flexibility to Meet Global Food Needs

AFBF Welcomes USDA Flexibility to Meet Global Food Needs

American Farm Bureau Federation President Zippy Duvall welcomed today’s USDA announcement to allow flexibility for Conservation Reserve Program (CRP) participants to terminate their contract if they’re in their final year in order to contribute to U.S. domestic production.

“AFBF appreciates USDA allowing farmers in their final year of CRP to terminate their contracts early. This decision will enable farmers to meet the demands of America’s families and help address overseas food supply challenges created by the war in Ukraine.

“CRP acres have been called on for emergency uses in the past and it’s appropriate now as we face the threat of a global food insecurity crisis, which is why we asked USDA back in March to provide flexibility within the program.

Click here to see more...

Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!