natural disaster

Barbour County, Alabama, Designated as a Primary Natural Disaster Area

Dan Alabama, Drought, Economy, Industry News Release, Weather

Emergency Support to Producers in Surrounding Counties/Border State Also Available WASHINGTON, D.C. (USDA/FSA-Sept. 20, 2019) — Agriculture Secretary Sonny Perdue designated Barbour County, Alabama, as a primary natural disaster area. Producers who suffered losses due to recent drought may be eligible for U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) emergency loans.  This natural disaster designation allows FSA to …

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Alabama Counties Eligible for WHIP+

Dan Alabama, Economy

Earlier this week, U.S. Secretary of Agriculture Sonny Perdue announced that agricultural producers affected by natural disasters in 2018 and 2019 can apply for assistance through the Wildfire and Hurricane Indemnity Program Plus (WHIP+). The announcement was made at the National Association of State Departments of Agriculture (NASDA) annual meeting in Albuquerque, New Mexico. Alabama Commissioner of Agriculture and Industries …

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SBA Working Capital Loans Available in Alabama Following Secretary of Agriculture Disaster Declaration

Dan Alabama, Economy, Industry News Release

ATLANTA (SBA-September 10, 2019) — 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 Geneva County, Alabama as a result of drought beginning June 25, 2019. “This county is eligible because it is contiguous to one or more …

sba

SBA Working Capital Loans Available in Florida Following Secretary of Agriculture Disaster Declaration

Dan Economy, Florida, Industry News Release

ATLANTA (SBA-September 10, 2019) — 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 Holmes, Jackson, Walton and Washington counties in Florida as a result of drought that began on June 25, 2019. “When the Secretary of Agriculture …

perdue

Perdue on Current Financial Challenges for Farmers

Dan Economy

Farmer concern regarding low prices and the farm economy led to a sharp drop in the August Ag Economy Barometer. The Perdue/CME Group economic measure fell 29 points compared to July, as producers’ concerns about the future of the farm economy led to a more negative outlook. At the recent Farm Progress Show, Agriculture Secretary Sonny Perdue spent time listening …

agricultural

Farm Income to Increase in 2019

Dan Economy, Industry News Release

(NAFB) — The Department of Agriculture predicts farm income will rise in 2019, despite challenges impacting the farm economy. Last week, USDA reported inflation-adjusted U.S. net cash farm income is set to increase $5.8 billion, up 5.4 percent, to $112.6 billion. U.S. net farm income, a broader measure of farm sector profitability that incorporates noncash items including changes in inventories, …

trump

Trump Says Tariff Income to Help Hurricane-Damaged Farms

Dan Economy, Florida, Georgia

(NAFB) — President Donald Trump told reporters Wednesday that money the U.S. receives from tariffs on China will help farmers recover from Hurricane Dorian. Trump says, “we’ve taken in many billions of dollars of tariffs from China and we will have a lot of money to be helping our farmers along the coast if they get hit.” The President made …

agriculture

ARC, PLC Enrollment Open

Dan Economy

The Department of Agriculture this week opened enrollment for the Agriculture Risk Coverage, and Price Loss Coverage programs. Agriculture Risk Coverage, known as ARC, provides income support payments on historical base acres when actual crop revenue declines below a specified guarantee level. Price Loss Coverage, known as PLC,  provides income support payments on historical base acres when the price for …