$50 million to Cotton/Wool Production and USDA Updates 3 Crop Insurance Options

$50 million to Cotton/Wool Production and USDA Updates 3 Crop Insurance Options

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

**USDA is committing $50 million to assist eligible apparel makers of wool suits, sport coats, pants, or Pima cotton dress shirts.

The new Cotton and Wool Apparel Program is part of USDA’s

Pandemic Assistance for Producers initiative and the department’s efforts to help the ag and forestry sectors get back on track.

Farm Service Administrator, Zach Ducheneaux says the COVID transition toward remote work led to a dramatic decrease in consumer demand which has continued to affect the entire cotton and wool supply chain.

**The National Milk Producers Federation says it’s looking forward to the first White House Conference on Hunger, Nutrition, and Health in over 50 years.

The conference goals are to end hunger, increase healthy eating and physical activity, and decrease the prevalence of diet-related diseases in the country.

NMPF President, Jim Mulhern says “Diets that include dairy help to lower risk for cardiovascular diseases, obesity, and type 2 diabetes.”

**The USDA has updated three key crop insurance options for livestock producers to offer better protection and flexibility.

The options are Dairy Revenue Protection, Livestock Gross Margin, and Livestock Risk Protection.

The Risk Management Agency revised the insurance options to reach more producers and better meet the needs of America’s swine, dairy, and cattle operations.

The updates recently got published for the 2023 crop year, which begins on July 1.

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