McLean County Farm Bureau

FarmDoc Daily

• The Strait of Hormuz: Why Global Trade Dependency Turns a Localized Conflict into a Global Crisis
  When war disrupts regions that are critical to the production or movement of major commodities, prices often spike first before markets can assess how long the supply shock will last.…
• Another Round of Crop Insurance; Update from the Policy Design Lab
  Political power will fix nothing of its own volition—it only operates in one direction. This means that fixing the federal crop insurance program likely has only two catalysts: either a collapse in which crop insurance can no longer defy reality and the fundamentals; or rival political powers achieve changes that improve the program’s integrity and […]
• Burdensome Grain & Oilseed Stocks?
  Despite frequent headlines of burdensome grain & oilseed stocks, they are normal when measured appropriately. The important storyline is that stocks have not increased relative to use even though world yield of grains & oilseeds has been at or above trend since 2012. Stocks are not the reason prices and return are low.