Below you'll find a list of all posts that have been tagged as “agriculture economy”
(NAFB) — The Purdue/CME Group Ag Economy Barometer rose in November for the second month in a row, climbing to 153, 17 points higher than in October when the index stood at 136. This month’s rise in the ag economy sentiment index left the barometer tied with July for the highest reading of 2019. Once again, the rise was driven …
(NAFB) — Weather challenges, trade tensions, and long-term financial struggles continue to make life difficult in the U.S. agricultural sector. The Wall Street Journal says those headwinds are forcing an increasing number of farmers and ranchers to take on high-interest loans from lenders outside of the ag sector, just to stay in business. The more traditional farm banks are offering …
(NAFB) — The American Bankers Association teamed up with Farmer Mac for their Fall 2019 Ag Lender Survey. The biggest takeaway from the report is that the agricultural economy and farm income remain under stress, with little if any signs of improvement ahead in 2020. Over 82 percent of lenders in the survey said farm profits were being squeezed this …
(NAFB) — Ag Secretary Sonny Perdue is hoping that a third round of trade aid payments to farmers will be unnecessary in 2020 because of a new trade deal with China. The Hagstrom Report says Perdue spoke with reporters shortly after returning from a “successful” trade mission to Mexico. Farmers “would rather have trade than aid,” Perdue says. At the …
COUNTRY Financial continues to invest in agriculture in many states, including Alabama and Georgia. Their Farm Underwriting Manager, Craig Conroy, recently discussed with Southeast AgNet’s Randall Weiseman how the company started, and why they find it valuable to visit and know what is going on at each farm they serve.
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 …
Sign up started today (September 11, 2019) for the new disaster assistance program, Wildfire and Hurricane Indemnity Program Plus (WHIP+). Tyron Spearman has more details on the program that was announced this week.
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 …
The U.S. Department of Agriculture announced Monday that agricultural producers affected by natural disasters in 2018 and 2019 can apply for assistance through the Wildfire and Hurricane Indemnity Program Plus (WHIP+). Tyron Spearman reports that signup for this program starts Wednesday, Sept. 11.
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 …
