usda

USDA Responds to Producer Needs by Updating Crop Insurance

Dan Crop Insurance, Economy, USDA-RMA

The U.S. Department of Agriculture (USDA) has announced they are making updates to crop insurance in order to respond to the needs of agricultural producers, and this includes organic producers. Specifically, USDA’s Risk Management Agency (RMA) is making permanent a new provision that allows producers to hay, graze or chop cover crops and still receive a full prevented planting payment. …

infrastructure package

NCBA on Infrastructure Package

Dan Cattle, Economy, Environment, Legislative, Regulation

The Infrastructure Investment and Jobs Act, otherwise known as the Build Back Better bill, is an infrastructure package focused on creating American jobs, rebuilding our nation’s roads and bridges, and combatting the climate crisis. President Biden signed the $1 trillion infrastructure deal into law back in mid-November. National Cattlemen’s Beef Association (NCBA) Vice President of Government Affairs, Ethan Lane, says this …

values

Farm Real Estate Values Jump Sharply Higher

Dan Economy

The Federal Reserve Survey of Agricultural Credit Conditions shows that farmland values rose in the third quarter of this year. The value of non-irrigated cropland rose by at least 12 percent in all of the participating Districts in the survey. The rapid increase was consistent in most states, with annual increases of more than 20 percent in some areas. Supporting …

agricultural

Agricultural Lenders Expect Borrowers to be Profitable This Year

Dan Economy

The American Bankers Association and the Federal Agricultural Mortgage Corporation released their most recent survey of agricultural lenders. The good news is that the lenders expect 80 percent of their borrowers to show a profit in 2021. Looking ahead to next year, the lenders expect that 70 percent of their borrowers will remain profitable through 2022. The report says the …

milk

A Slowdown in Milk Production as Margins Shrink

Dan Dairy, Economy

How are milk producers responding to a squeeze on margins? A new report from USDA has the answer. Gary Crawford has more details. Mark Jekanowski, USDA Outlook Board Chairman, talks about projected trends in dairy product prices.

thanksgiving

Thanksgiving Dinner Costing More

Dan Economy, Fruits, Pecans, Poultry, Research, Specialty Crops, Sugar, Vegetables

While last year’s cost of a Thanksgiving Day dinner was the lowest it had been since 2010, this year is a bit different. Americans, for the most part, are spending a bit more at the grocery store this year on turkeys and all the sides. According to a survey conducted earlier this month by the American Farm Bureau Federation (AFBF), Thanksgiving dinner costs …

usda

USDA Investing $32 Million to Strengthen U.S. Food Supply Chain

Dan Beef, Cattle, Economy, Livestock, Pork, Poultry, USDA

The U.S. Department of Agriculture (USDA) announced Monday they will be investing $32 million in grants through awards to 167 meat and poultry slaughter and processing facilities to support expanded capacity and efficiency through the Meat and Poultry Inspection Readiness Grant (MPIRG) program. Agriculture Secretary Tom Vilsack said, “Today’s investment supports local and regional meat and poultry processors as they recover from …

Thanksgiving turkey

Thanksgiving Turkey Cost More this Year

Dan Economy, Poultry

As some have found out, that Thanksgiving turkey is costing a bit more this year. Gary Crawford has a story looking at just why many had to shell out a few extra dollars for that holiday meal tradition.