Teucrium Wheat Fund (WEAT)

[Talc Moan]

Farmers throughout Iowa and Nebraska are reeling after being told that federal disaster aid won’t cover all of their losses, specifically any due to crops that were already harvested before the flood and now sit in swamped grain bins, silos or other storage areas.

The U.S. Department of Agriculture has several programs to help farmers after natural disasters, including assistance in the case of livestock losses or damaged fields, but none specifically to reimburse farmers for lost commodities that are being stored.

Reuters reported today that U.S. Agriculture Under Secretary Bill Northey said the USDA has never experienced this large of a disaster impact on stored crops.[/

https://weather.com/news/news/2019-04-02-midwest-floods-farm-aid















Farmers throughout Iowa and Nebraska are reeling after being told that federal disaster aid won’t cover all of their losses, specifically any due to crops that were already harvested before the flood and now sit in swamped grain bins, silos or other storage areas.

The U.S. Department of Agriculture has several programs to help farmers after natural disasters, including assistance in the case of livestock losses or damaged fields, but none specifically to reimburse farmers for lost commodities that are being stored.

Reuters reported today that U.S. Agriculture Under Secretary Bill Northey said the USDA has never experienced this large of a disaster impact on stored crops.