Industry News

USDA Seeks Grower Input on Carbon Markets

Growers have until Nov. 1 to submit their comments to the federal agency.
The USDA is looking to create a set of pilot projects that provides incentives to implement climate smart conservation practices on working lands and to quantify and monitor the carbon and greenhouse gases associated with those practices. The pilot projects could even expand or develop new and additional markets.
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Growers Could Receive $25 Per Acre Payments if Using Cover Crops

More than two-thirds of no-tillers will be eligible for up to $5 billion in financial incentives.
Landowners could receive payments of $25 per acre on up to 1,000 acres if cover crops are established in their fields for the purposes of soil health, according to a preliminary Senate draft of the Build Back Better bill and corresponding budget. Non-operating landowners could receive payments of $5 per acre for encouraging tenants to seed covers on rented fields.
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USDA Forecasts US Corn, Soybean, Cotton Production Up From 2020

Corn, soybean and cotton production is up from 2020, according to the Crop Production report issued on Sept. 10 by USDA’s National Agricultural Statistics Service (NASS). Corn production is up 6% from last year, forecast at 15.0 billion bushels; soybean growers are expected to increase their production 6% from 2020, forecast at 4.37 billion bushels; cotton production is up 27% from 2020 at 18.5 million 480-pound bales.


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