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Agriculture Roundup for Tuesday, February 21, 2023

Farm Credit Canada and the US Department of Agriculture report more than two-thirds of the American cattle herd is in an area affected by drought, leading to the largest contraction of the North American cattle herd in a decade.

Experts say the drought and other extreme weather events have beef farmers on both sides of the border thinning their herds in near-record numbers.

They are worried that could lead to supply problems in the beef industry over the longer term as climate change makes drought, flooding and wildfires more common.

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FSA Deadlines

Video: FSA Deadlines

With the passage of the American Relief Act, Farm Bill-authorized programs have been extended for another year. This includes both agriculture risk coverage and price loss coverage programs. Producers have a choice when it comes to coverage--ARC-county or PLC for crop-by-crop protection, or ARC-Individual to cover the entire farm.