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National Sorghum Producers joined a coalition of agriculture groups urging House and Senate appropriators to fund an extension of the Emergency Relief Program to cover 2022 losses. The letter cites the worst average sorghum yields since 1964, driven by drought in the plains and hurricanes in South Texas.
The groups also said the 2023 Farm Bill should strengthen disaster assistance.
Disaster payments could help sustain sorghum acreage and farm finances after a poor crop, but the request is advocacy and has no direct price effect. Any approved aid would be a policy support for producers.
sorghumgrowers.comsorghumDec 1, 2022Not 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.
