economic

SBA Economic Injury Disaster Loans Available in Florida

Dan Economy, Florida, Industry News Release

Following Secretary of Agriculture Disaster Declaration for March Drought The U.S. Small Business Administration (SBA) announced that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in Baker and Columbia counties Florida as a result of the drought that began on March 13, 2018. “These counties are …

rural

SBA Economic Injury Disaster Loans Available in Georgia

Dan Economy, Georgia, Industry News Release

Following Secretary of Agriculture Disaster Declaration for March Drought The U.S. Small Business Administration (SBA) announced that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in Georgia as a result of the drought that began on March 13, 2018. The loans are available in the following …

income

St. Louis Fed Survey Shows Farm Income Down Once Again

Dan Economy, Industry News Release

Farm income declined in the first quarter of 2018, the 17th-consecutive quarter of lower income numbers. The latest Agricultural Finance Monitor, published by the Federal Reserve Bank of St. Louis, shows quality farmland values and cash rents were also slightly lower than in 2017. The St. Louis Fed surveyed 24 agricultural banks in the Eighth Federal Reserve District, which includes …

rural

SBA Deadline to Apply for Working Capital Loans for 2017 Frost and Freeze in Georgia

Dan Economy, Georgia, Industry News Release

The  U.S. Small Business Administration is reminding businesses in Georgia that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in the counties of Burke, Columbia, Richmond and Screven in Georgia as a result of the frost and freeze on March 4 – 17, 2017. “Businesses that …

florida

Florida Cattleman Donates Cow to UF Campus Food Pantry

Dan Beef, Cattle, Economy, Education, Industry News Release

At the University of Florida, 16 percent of those who visited the on-campus Alan and Cathy Hitchcock Field and Fork pantry mentioned the service was their sole source of food when they needed temporary assistance. While students working with the Field and Fork student gardens grow fresh seasonal vegetables for pantry users, the pantry runs low on protein sources. When …

safety net

Safety Net Coverage Enrollment Continues

Dan Economy, Industry News Release

The U.S. Department of Agriculture (USDA) reminds farmers and ranchers with base acres in the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) safety net program may enroll for the 2018 crop year. The enrollment period will end on Aug. 1, 2018. Producers on a farm that are not enrolled for the 2018 enrollment period will not be eligible …

dusaster loans

SBA Deadline to Apply for Working Capital Loans in Florida is June 11

Dan Economy, Florida, Georgia

The U.S. Small Business Administration (SBA) is reminding businesses in Florida that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations affected by Hurricane Irma from Sept. 4 through Oct. 18, 2017. “Businesses that suffered economic losses as a result of the disaster and want to apply for low-interest …

rural

Farm Credit Loan Volume up One Percent

Dan Economy, Industry News Release

Combined net income for the Farm Credit System increased 1.8 percent to $1.27 billion for the first quarter of 2018, as compared with $1.24 billion for the same period last year. President and CEO of the Federal Farm Credit Banks Funding Corporation Tracey McCabe says the system remains “well-positioned” to support farmers as they face challenges this year. Net interest …

farm loan

Farm Loan Rates Edging Higher

Dan Economy, Industry News Release

Interest rates on most types of farm loans continued to move higher. A Kansas City Fed report says, following modest increases in short-term rates, commercial banks raised interest rates on loans used to finance various farm-sector purchases. Following a period of historically-low rates, interest rates increased most significantly on loans used to finance operating expenses. Operating loan interest rates have …