foreclosure

Biden Administration Announces Foreclosure Moratorium / Mortgage Forbearance Deadline Extension

Dan Economy, Industry News Release, USDA

USDA Extends Evictions and Foreclosure Moratorium to March 31, 2021, and Provides Additional Guidance for Servicing Loans Impacted by COVID-19 (USDA/RD) — In one of his first acts in office, President Joe Biden requested federal agencies to extend eviction and foreclosure moratoriums for millions of Americans. In response, the U.S. Department of Agriculture announced an extension of eviction and foreclosure …

cfap

Contract Swine, Poultry Producers Now Eligible for CFAP Assistance

Dan Coronavirus, Economy, Pork, Poultry, USDA

The U.S. Department of Agriculture (USDA) announced last Friday they will be providing additional assistance through the Coronavirus Food Assistance Program (CFAP). This includes expanding eligibility for some agricultural producers and commodities as well as updating payments to accurately compensate some producers who already applied for the program. Contract producers of broilers, laying hens, chicken eggs, turkeys, and swine who …

corn

Corn and Soybean Export Sales Jump Higher

Dan Corn, Economy, Soybeans

(NAFB) — Last week, corn export sales almost doubled week-to-week while soybean sales also jumped higher. The USDA says corn sales to overseas buyers jumped 92 percent week-to-week to 1.44 million metric tons. That’s up 34 percent over the prior four-week average. Japan was the biggest buyer at more than 401,000 metric tons. An unnamed buyer purchased 334,000 tons, and …

cfap

Additional Assistance Offered for Certain Producers Through CFAP

Dan Coronavirus, Economy, Industry News Release, USDA

(USDA) — U.S. Secretary of Agriculture Sonny Perdue announced the U.S. Department of Agriculture (USDA) will provide additional assistance through the Coronavirus Food Assistance Program (CFAP), expanding eligibility for some agricultural producers and commodities as well as updating payments to accurately compensate some producers who already applied for the program. Producers who are now eligible and those who need to modify …

funding package

KC Fed: Fewer New Loans to Farmers

Clint Thompson Economy

Fewer new loans to farmers continued to drive a pullback in agricultural lending activity. The Kansas City Federal Reserve Bank reported this week that stronger prices for agricultural commodities, alongside continued support from government payments, may have reduced financing needs for some farmers and contributed to the slower pace of lending. A historically low number of new loans contributed to …

georgia legislative budget

Budget from Georgia Governor Includes Dollars for Agriculture

Dan Economy, Georgia, Legislative

The 2021 Georgia State Legislative Session has a full week under its belt, as lawmakers met this week to kick off things in Atlanta. Georgia Agribusiness Council (GAC) President Will Bentley told Southeast AgNet’s Randall Weiseman, early signs indicate there is money in the Governor’s budget for agriculture. To keep track of activities during the 2021 legislative session, go to …

Farm Tractor Sales Finish 2020 Higher

Clint Thompson Economy

Farm tractor and combine sales finished the year with solid growth across the U.S. The Association of Equipment Manufacturers (AEM) reports U.S. total farm tractor sales rose 26.8% in December compared to 2019, while U.S. combine sales fell 1.9%. U.S. four-wheel-drive units fell slightly in December, down 3.7%, with year-to-date sales finishing up 3.7%. 100+hp posted healthy growth in December, …

canker

Homeowner Canker Payments Coming

Dan Citrus, Economy, Huanglongbing (HLB)/Citrus Greening

Approximately 12,000 Lee County homeowners in Florida will receive checks in early January as compensation for citrus trees destroyed in the state’s citrus canker eradication program, according to attorney Robert Gilbert. Gilbert was the lead counsel representing the homeowners in a class action lawsuit for the past 17 years. According to Gilbert, the residential trees that were destroyed by the …