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National Sorghum Producers received a $65 million USDA Climate-Smart Ag Grant covering Colorado, Kansas, New Mexico, Oklahoma and Texas. The group plans to use the funds to find markets that pay premiums for sorghum grown with climate-friendly practices.
NSP also said it wants a stronger safety net in the 2023 Farm Bill and expects 2022 drought assistance to move forward.
Premium markets for low-carbon sorghum could support producer returns over time, but the program has no immediate effect on supply or price. Its impact on sorghum prices is minor.
oklahomafarmreport.comSpencer AndersonDec 16, 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.
