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Bob Larson USDA Safety Net and September Milk Production
by Bob Larson, click here for bio

Program: The Agribusiness Update
Date: November 01, 2018

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From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**Farmers will receive $4.8 billion in USDA safety net payments under the farm bill, even though the legislation is expired.

Agweb.com reports, Ag Secretary Sonny Perdue announced producers should start seeing payments this month for the USDA’s Agriculture Risk Coverage, Price Loss Coverage and Conservation Reserve programs

Perdue says farmers and ranchers can rest assured USDA continues to work within the letter of the law to deliver much needed farm safety net, conservation, disaster recovery, and trade assistance program payments.

https://www.agweb.com/article/usda-issues-48-billion-in-safety-net-payments-/?mkt_tok

**The USDA’s September milk production report shows year-over-year production in the month rose 1.3% over 2017 numbers, coming entirely from growth in production per cow.

But, according to milkbusiness.com, cow numbers were a different story with major revisions made to three of the previous milk production reports.

In the end, September numbers come in 12,000 lower than the revised August number of 9.367 million head figure, 37,000 head less than May.

The adjustments take a large step forward in correcting potential future milk supplies.

https://www.milkbusiness.com/blog/milk-production-keeps-climbing-while-cow-numbers-fall?mkt_tok

**While the popularity of plant-based proteins is certainly growing, data shows that consumers are still choosing traditional sources of protein such as meat, eggs and dairy as their primary source.

According to agweb.com, they still dominate in sales as well, as these five categories account for $148.7 billion in sales, and 55% of all U.S. households say high protein is now an important attribute they consider when buying food for their households.

https://www.agweb.com/article/livestock-protein-still-tops-plant-based-alternatives-for-consumers/?mkt_tok

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