Programs help farmers cope with weather

Sep 01, 2017

Many customers are still dealing with the impacts of challenging weather. Agricorp's top priorities are to make sure customers have the program information they need, when they need it, and to assist them through the claims process.

Agricorp is connecting with customers over the phone, in the fields, and at farm shows and local meetings. Producers can continue to get the most current program information by clicking the 2017 crop season icon on the agricorp.com home page and by reading our monthly ad in the Ontario Farmer.

Producers should stay in touch
Agricorp is here to help. Customers should call Agricorp if they would like to discuss damage to their crops. Agricorp staff are ready to answer questions and walk customers through the claims process if they:

Expect a delay in harvest
Think their crops may be damaged beyond their intended use
Don't think any of their crops will be worth harvesting
Are in financial distress and would like to apply for an AgriStability interim payment

Production Insurance responds with payments
Any final yield shortages will be known after harvest, but customers who couldn't plant, had to replant, or had quality losses or harvest delays on their first cut of hay are already receiving payments. To date customers have received $21 million.

Source: AgriCrop

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!