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Learn about the effects of flooding on Iowa's corn and soybean areas, including delays in crop planting, quality losses, and damage to pastures and fences. Explore federal government programs such as crop insurance and emergency assistance. Discover short-term and longer-term recommendations for managing the impacts of the disaster.
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Iowa Corn Area College of Agriculture and Life Sciences -- Department of Economics
Iowa Soybean Area College of Agriculture and Life Sciences and Department of Economics
Corn Prices College of Agriculture and Life Sciences and Department of Economics
Soybean Prices College of Agriculture and Life Sciences and Department of Economics
Livestock Notes • Flooding forced early cattle feeding • The 1st cutting of hay was delayed • Quality losses • Possible yield hit on 2nd cutting • Will impact winter feed supplies • Many pastures suffered damage • Silt and debris on fields • Fences damaged or destroyed • Access to CRP will provide some assistance College of Agriculture and Life Sciences and Department of Economics
Federal Government Programs • Crop Insurance • Prevented planting and replant coverage • Supplemental Revenue Assistance Program (SURE) • 2008 is the 1st year of the program • Conservation Reserve Program • Emergency grazing for livestock • Emergency Farm Loans • Requires a 30% production loss • Emergency Conservation Program College of Agriculture and Life Sciences and Department of Economics
Short-term Recommendations • Disaster Debt Set-Aside Program? • Can relieve debt stress due to disasters for FSA borrowers • SURE sign-up • Producers need information on the program, the special sign-up, and the deadlines for 2008 College of Agriculture and Life Sciences and Department of Economics
Longer-term Recommendations • SURE timing • While the program is effective for 2008, the 1st payments will not be made until Oct. 2009, nearly a year and a half after the disaster • It may be worthwhile to see if Congress and USDA would modify the SURE program to allow partial or advance payments in the year of the disaster College of Agriculture and Life Sciences and Department of Economics