The American Farm Bureau Federation (AFBF) estimates 2022 crop losses due to weather and climate change at more than $21.4 billion. The AFBF Market Intel analysis shows in 2022, 18 weather and climate disasters, each with damages exceeding $1 billion struck the United States. The National Oceanic and Atmospheric Administration (NOAA) reported that 2022 surpassed 2021 as the third-costliest disaster …
USDA Designates Counties as Primary Natural Disaster Areas
(ADAI/MONTGOMERY, AL/Feb. 15,2023) — Last week USDA Farm Service Agency (FSA) announced a Secretarial natural disaster designation for 27 counties in Tennessee that also included four counties in Alabama that are contiguous to some of the Tennessee counties. This designation will extend much-needed emergency credit to producers recovering from drought through emergency loans. Emergency loans can be used to meet various …
Markets Watching Weather Reports
Weather conditions are an important factor for traders. And according to Mark Oppold, they are watching the latest reports concerning drought, especially here in the Southeast.
Drought Concerns in the Midwest
The continuing drought across the areas of the Midwest is a real concern for many, especially looking ahead to the 2023 crop year. Mark Oppold has more information.
NOAA Winter Weather Outlook Shows More Drought Ahead
The National Oceanic and Atmospheric Administration (NOAA) released its U.S. Winter Outlook. Beginning in December and running through February 2023, NOAA predicts drier-than-average conditions in the South with wetter-than-average conditions in the Ohio Valley, Great Lakes, northern Rockies, and the Pacific Northwest. The agency says widespread extreme drought continues in much of the West, the Great Basin, and the central-to-southern Great Plains. …
Recent Rains Affecting Crops in Some Areas
While we’ve seen recent rains in areas of the Southeast that has needed it, other areas continue to be a bit dry. But according to Mark Oppold, recent rains in parts of the Midwest may have been a bit too much for areas that were previously dry.
Heat Wave Takes a Toll on UK Corn
A heat wave across the pond stands to have damaging effects on agriculture in the UK. That’s coming up on This Land of Ours. A record-breaking heat wave in the UK and Europe is playing havoc with crops and livestock. USDA meteorologist Eric Luebehusen says the heatwave has been severe. “The big corn province there is called Castilla y León. …
Georgia Counties Designated as Primary Natural Disaster Areas Due to Drought
This Secretarial natural disaster designation allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a farming operation or the refinance of …
Heat Wave Effects on Grain Prices
When it comes to the grain trade, many are watching how the current heat wave may affect prices. Mark Oppold has the story.
Senate Ag Subcommittee Discusses Impacts of Western Drought
The Senate Ag Subcommittee on Conservation, Climate, Forestry, and Natural Resources took up the topic of the Western Drought during a recent hearing. Senator Michael Bennet of Colorado opened the hearing with comments on the situation of drought in his state and how it’s affecting the Colorado River. “My state sits at the headwaters of the Colorado River, which starts …