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Starting in 2023, irrigated sorghum growers in select Kansas, Oklahoma and Texas counties can buy a new USDA RMA pilot crop insurance option. The article says current transitional yields disadvantage sorghum relative to corn in insurance calculations.
The program is aimed at encouraging irrigated sorghum production.
Better insurance coverage could encourage more irrigated sorghum acres over time, adding supply that could cap sorghum prices.
farmprogress.comJohn DuffJan 30, 2023Not enough comparable past events yet for a historical read.
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.
