1. Iowa Corn Area
College of Agriculture and Life Sciences -- Department of Economics 1

2. Iowa Soybean Area
College of Agriculture and Life Sciences and Department of Economics 2

3. Corn Prices
College of Agriculture and Life Sciences and Department of Economics 3

4. Soybean Prices
College of Agriculture and Life Sciences and Department of Economics 4

5. 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 5

6. 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 6

7. 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 7

8. 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 8