As Texas works to assess and begin cleaning up the mess left by Hurricane Harvey, cotton farmers are looking for ways to recover. Texas Farm Bureau spokesperson Gene Hall says there are federal programs available to assist growers, but those programs likely won’t be enough…
“Crop insurance is going to come into play, and everything that was on the stalk, I think, is just an automatic for being eligible for that. We’re less sure about the cotton modules, they’re still trying to figure out how to handle all that.
You know, of course, with regard to cotton, and all crops eligible for crop insurance, that is not something that will make anyone whole.”
The overall cost of damages and cleanup from Hurricane Harvey are projected by some to surpass the most-costliest hurricane, 2005’s Hurricane Katrina. However, Hurricane Irma could top Harvey’s damage and costs.
KORUS Withdraw Would Harm Pork Producers
Iowa State University says pork prices could fall by nearly five dollars per-animal if the U.S. withdraws from the U.S.-Korea Free Trade Agreement, known as KORUS. President Trump suggested the action over the weekend, but the administration has backed away from those claims this week. National Hog Farmer magazine reports that if KORUS is terminated, the United States likely will lose the South Korean pork market to the European Union, Chile and other countries that have preferential trade access to the Asian nation. Terminating the deal, Iowa State University economists say, would drop live hog prices by 3.8 percent, or $4.71 per animal.