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Around the County

Frequent information updates for agricultural audiences

GRIP in 2012 from Gary Schnitkey

Posted by John Fulton -

Ratings changes made by the Risk Management Agency (RMA) will cause premiums for Group Risk Income Plan with the Harvest Price option (GRIP-HR) to be higher in 2012 as compared to 2011. For 90% coverage level policies, 2012 premiums will average 10% higher than 2011 premium for corn across Illinois and 11% higher for soybeans. Higher GRIP-HR premiums, along with lower COMBO product premiums (se...

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Understanding the Corn Stocks Estimate Surprise - from Darrel Good

Posted by John Fulton -

The corn market was surprised by the USDA's final 2011 corn production estimate and the estimate of December 1, 2011 corn stocks. The March 2012 futures price declined by $0.52 per bushel in the two sessions following the release of the reports. At 9.642 billion bushels, December 1 corn stocks were 425 million bushels smaller than those of a year ago and the smallest in 5 years, b...

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Proposed Revision for Child Labor Rules for Agriculture - from Carly Giffin and Bryan Endres

Posted by John Fulton -

This fall, the U.S. Department of Labor's Wage and Hour Division proposed new regulations for children working agricultural jobs. The Wage and Hour Division (WHD) worked with the National Institute for Occupational Safety and Health to craft the first proposed updates to agricultural child labor regulations in over forty years. The purpose o...

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