dairy margin

USDA Now Making Payments for New Dairy Margin Coverage Program

Dan Dairy, Economy, Industry News Release

Income-over-feed margin for May triggers fifth payment for 2019 WASHINGTON, (USDA/FSA) – The U.S. Department of Agriculture’s Farm Service Agency (FSA) opened enrollment for the Dairy Margin Coverage (DMC) program on June 17 and has started issuing payments to producers who purchased coverage. Producers can enroll through Sept. 20, 2019.  “Times have been especially tough for dairy farmers, and while we …

loans

Deadline Approaching in Florida for SBA Working Capital Loans

Dan Economy, Industry News Release

ATLANTA (SBA)- The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that Aug. 12 is the filing deadline for federal economic injury disaster loans in Florida as a result of Hurricane Michael on Oct. 9 – 11, 2018. This disaster declaration includes the following counties: Baker, Columbia, …

farm loan

Farm Loan Delinquencies Increase, but Remain Historically Low

Dan Economy

(NAFB) — New research shows farm loan delinquencies remain historically low. Several years of persistently low net farm income, collapsing levels of working capital, and rising debt, has sparked concern regarding the overall health of the farm economy. However, Agricultural Economic Insights shows that at the end of 2018, delinquencies rates for non-real estate farm loans totaled 1.84 percent. After …

cobank poultry

Cobank: Poultry Well Positioned to Withstand Profit Pressure

Dan Economy, Industry News Release, Poultry

Poultry profitability is coming under pressure as prices decline amid growing supplies. A new report from CoBank says the U.S. chicken industry has experienced an unprecedented run of historic profitability since 2012 and responded by significantly increasing production and processing capacity. Six new poultry processing plants are expected to be operating by 2020, while production and supplies of competing animal …

signup

Signup Continues for National Conservation Innovation Grants

Dan Economy, Environment, USDA-NRCS

USDA’s Natural Resources Conservation Service reminds landowners their signup period for National Conservation Innovation Grants (CIG) continues. USDA is investing up to $12.5 million to help support the adoption of innovative conservation approaches on agricultural lands. CIG are competitive grants driving public and private sector innovation in resource conservation, with projects inspiring creative problem-solving that boosts production on farms, ranches, and private …

july

July 4th Cookouts Costing About the Same

Dan Beef, Dairy, Economy, Fruits, Industry News Release, Pork, Poultry, Vegetables

(AFBF) — A cookout of Americans’ favorite foods for July 4th, including hot dogs, cheeseburgers, pork spare ribs, potato salad, baked beans, lemonade and watermelon, will cost just a few cents more this year, coming in at less than $6 per person, says the American Farm Bureau Federation. Farm Bureau’s informal survey reveals the average cost of a summer cookout …

dairy margin

Over Five Thousand Producers are Signed Up for DMC

Dan Dairy, Economy, Industry News Release

USDA Undersecretary for Farm Production and Conservation Bill Northey says more than 5,000 dairy operations have signed up for the new Dairy Margin Coverage (DMC) Program. The exact number was 5,364 as of last Thursday afternoon. Northey says about 40,000 dairy operations are eligible to enroll, but overall he’s pleased with the number of producers who’ve signed up since June …