Yesterday’s commentary included mention of revised guidance for local Farm Service Agency (FSA) offices in administering loan programs. Access to FSA programs is a boon for hemp farmers, particularly those with a long-term vision for their farm, or with diversified operations. Short term lease situations won’t always lend themselves to utilizing FSA programs. Existing farmers may already work with FSA, have a farm ID and mapped fields. All hemp farmers in the US will be registered with FSA this year, which should expose them to relevant funding opportunities. The programs referenced in this commentary are routine offerings by FSA to farmers and are unrelated to SBA PPP and EIDL funds.
Crop insurance is the most widely known offering administered by FSA. This year the agency offers Whole Farm Revenue Protection (WFRP) and Multi-Peril Crop Insurance…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...