Conservation Compliance Forms Due June 1

Apr 14, 2015

By Mary Johnson

Alabama farmers must certify their compliance with certain conservation requirements to remain eligible for crop insurance and other federal farm programs. Farmers are encouraged to sign and submit form AD-1026 to local Farm Service Agency (FSA) offices by the June 1 deadline.

The form is required to comply with Highly Erodible Land Conservation (HELC) and Wetland Conservation (WC) provisions of the farm bill. Failure to submit the form would result in farmers being ineligible for FSA loans and disaster assistance payments; Natural Resources Conservation Service (NRCS) and FSA conservation program benefits; or federal crop insurance premium benefits.

“Since 1985, conversation compliance has been required for many farm bill programs, but a change is that compliance is now also tied to crop insurance,” said Alabama Farmers Federation National Legislative Programs Director Mitt Walker. “Many row crop farmers are familiar with submitting the AD-1026, but this may be new for producers of other crops such as fruits and vegetables. The farm bill has new and expanded insurance programs but to be eligible, conservation compliance must be certified.”

By signing the form, farmers certify they will not:

plant or produce an agricultural commodity on highly erodible land without following NRCS approved conservation plan or system
plant or produce an agricultural commodity on a converted wetland
Convert a wetland, which makes the production of an agricultural commodity possible

Click here to see more...

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!