Bill Murphy, administrator of the USDA Risk Management Agency, tells Brownfield Ag News that his agency has plenty of money on hand to handle the massive drought losses this year.
“Probably the most surprising to me is some of these soybean fields that got in early,” said Murphy. “From the road, they’re about thigh-high, dark green, and you’re thinking, man, that’s got to have a great crop in it. And you get up close and look at it and it’s three or four pods and it’s starting to shed pods. So it’s just incredible. I don’t think I’ve ever seen damage…the breadth that we’re seeing this year; it’s really something.”
You can listen to the full interview with Murphy here.