U.S. crop insurance guarantees push big acres

Reuters / Crop insurance that guarantees prices for the 2013 growing season should encourage U.S. farmers to again plant a large number of acres, with soybeans possibly claiming ground from corn, analysts said. The U.S. Department of Agriculture’s Risk Management Agency set the guarantees March 1, which act as the “floor price” for crop insurance

Farmers locked in acres last fall with fertilizer applications

chicago / reuters / Recent declines in U.S. corn futures prices have failed to dent growers’ enthusiasm for planting the feed grain this spring, even though soybean prices have outperformed corn, farmers and analysts said. Crop insurance guarantees, money spent on fertilizer and recent rainy weather in key growing areas have cemented the acreage decisions


Snowstorms lessen drought’s impact

reuters / Back-to-back winter storms, that dropped up to two feet of snow in some areas of the nation’s midsection over in late February, lessened the harsh drought that has been gripping key U.S. farm states for months, climate experts said on Feb. 28. Oklahoma is one of the states that has benefited the most



South Korea offers loans to squeezed farmers

seoul / reuters / South Korea will offer $156 million in soft loans this year to farmers squeezed by record prices of feed grain and a weak domestic market for pork, the Agriculture Ministry said on Feb. 28. Livestock farmers in South Korea, the world’s third-largest importer of corn and a leading buyer of soybean