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Finance & Markets

Viewpoint: Money for Crop Insurance, Money for Farmers

Precisely two weeks prior to the November 3 midterm elections, the administration announced the creation of a new government program for farmers, the US Department of Agriculture’s “Harvest Fuel Relief Program.” This provides $8 billion in federal subsidies to farmers, …

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El Niño threatens SA’s crops, but ample maize stocks cushion the blow

South Africa faces a hotter, drier summer as an intense El Niño raises risks for farmers, although planting is progressing well.

  • El Niño intensifies, threatening South African crops with hotter, drier summer
  • Record 17.7-million-tonne maize harvest anticipated to alleviate supply concerns
  • Sufficient grain reserves of 2.4 million tonnes expected to meet annual consumption

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