Johanns: No Free 'Early Outs'
On CRP Contracts
Looks like I won't be sending that CRP letter on Monday after all (hat tip to Chuck Abbott at Reuters).
Thank you, Mr. Secretary.
STATEMENT BY AGRICULTURE SECRETARY MIKE JOHANNS REGARDING THE CONSERVATION RESERVE PROGRAMMarch 30, 2007
"Today's report on planting intentions suggests that market forces are inspiring changes that will help to meet the high demand for corn. According to the report, U.S. farmers intend to plant 15 percent more corn acres, 90.5 million acres, in 2007. This would be an increase of 12 million acres over 2006 and the largest number since 1944."In light of this information, the U.S. Department of Agriculture will not offer penalty-free early releases from Conservation Reserve Program contracts at this time. As circumstances exist today, I would not anticipate a change in this policy in 2007..."

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