USDA s Grains and Oilseeds Outlook for the upcoming 2024-25 marketing year sees the highest corn ending stocks since the 2005-2006 season, while the soybean stocks are forecast to increase 120 million bushels. Prices are forecast to average $4.40 per bushel of corn and $11.20 per bushel of soybeans.
USDA on Wednesday announced the checks are going out for the Pandemic Assistance Revenue Program (PARP) after the Farm Service Agency received nearly $7 billion in applications from 38,500 producers to split a $223 million pot of money.
Lawmakers and some major farm groups are complaining about the payment design for the 2022 Emergency Relief Program (ERP), though USDA counters Congress gave the department $3.74 billion to deal with a $10 billion or larger problem.