This study finds that, over 2015-2024, RMA expected, or projected, county yields understated US corn and soybean actual county yields more than for wheat while overstating upland cotton yields. This difference between average projected and actual yields contributed to corn and soybeans having lower payments for simulated 95% Enhanced Coverage Option with Revenue Protection (ECO 95% RP) insurance, implying the potential for RMA yield projection procedures to impact cropping decisions.

When war disrupts regions that are critical to the production or movement of major commodities, prices often spike first before markets can assess how long the supply shock will last.…

Political power will fix nothing of its own volition—it only operates in one direction. This means that fixing the federal crop insurance program likely has only two catalysts: either a collapse in which crop insurance can no longer defy reality and the fundamentals; or rival political powers achieve changes that improve the program’s integrity and bring it more into alignment with those fundamentals. This is the gamble designed into the program, a wager of about $15.5 billion per federal fiscal year.

The Iran war has upended the planting intentions of U.S. farmers, resulting in fewer acres of corn and the lowest quantity of spring wheat planted since 1970 as rising fertilizer…

The Trump administration is preparing to expand the opportunity for sales of higher-ethanol E15 gasoline this summer by waiving the fuel from US volatility requirements, according to people familiar with…