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Farmers Cash Bonanza and Bayer Reacts to Roundup Decision
Friday May 21st, 2021
Lack of water will mean reduced rice production in the Sacramento Valley.
This is the time of year when farmers plant rice, but analysts believe acreage will be down about 20% because of water restrictions.
In some cases, rice farmers will leave land idle in order to transfer part of their water supply to users in other regions.
Although acreage will be down, rice planting has proceeded smoothly due to favorable spring weather.
Farmers in the Midwest and Plains are reaping a cash bonanza that’s dramatically improved their finances a year after the pandemic pummeled commodity markets and prompted a record $46 billion in federal payments to agriculture. ....

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