Smaller elevators may be safer for farmers, according to one official
from the Missouri Department of Agriculture, because they usually take fewer
chances on the futures market. But larger elevators that play the futures
market more extensively tend to have more assets, which provide financial
security for farmers in the event of closure.
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As the Senate prepares to vote on the farm bill on Thursday, White
House aides are already mounting an attempt to sustain a veto, but the margin
of victory in the House on Wednesday may make that improbable.
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With wheat crops slowed by a week or more in some areas of the soft
red winter double-crop region, growers will be hoping for rapid head drydown to
get in the extra soybean crop.
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A section of the farm bill would prevent USDA from closing FSA
offices in most counties around the country for at least two years. The agency
would also have to hold public hearings before closing offices.
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You'd have to return to 1967 to match the current era of low interest
rates. But inflation is making investors nervous about the future and that
means you may need to act fast to lock in bargain terms.
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