farmdoc daily
High corn consumption rate puts pressure on the new crop
USDA has lowered its forecast of the U.S. corn stockpile for five months in a row and the current estimate, of 1.33 bln bu, is down 29 pct from November, when growers were harvesting a record-large crop, writes economist Darrel Good of U-Illinois.
Crop insurance, direct payments favor different states
The 2014 farm law ended the direct-payment subsidy and made crop insurance the major farm support. For most states, there is little difference in the state's share of the receipts.