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The USDA Risk Management Agency has made irrigated grain sorghum insurable through a modification to the ARPI program, effective for the 2023 crop year. Coverage applies in select counties in Colorado, Kansas, Oklahoma and Texas, using irrigated corn as a proxy crop.
Better insurance coverage for irrigated sorghum may encourage producers to keep acreage in the crop, supporting future supply. The effect on prices is limited in the near term because the change mainly affects risk management.
lambcountyleadernews.comFeb 8, 2023Not enough comparable past events yet for a historical read.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
